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LAKE ORION, MI 48362

Real Estate Market Report  ·  Oakland County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The LAKE ORION, MI real estate market (48362) currently shows 72 active listings, with 20 pending sales. Homes are averaging 38 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 38 days on market compared to 41 days last year.

The median listing price has risen 11.4% year-over-year, from $516,000 to $574,948.

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Market Context

Market Context

Population: 15,053  ·  Density: 575.4/mi²  ·  Median household income: $101,250

Typical home value: $294,309  ·  Homeownership: 83.9%

Market Overview

Active Listings
72
⇧ 18% vs 61 last year
Pending
20
28% pending ratio
Median Price
$574,948
⇧ 11.4% vs $516,000 last year
Average Price
$832,321
⇧ 4.5% vs $796,164 last year
Days on Market
38
⇩ 7.3% vs 41 days last year

Price Per Square Foot

Median $/sqft
$263
⇩ 0.8% vs $265/sqft last year
Median Home Size
1,951 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 72 this year vs 61 last year
  • Days on market: 38 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $574,948 (+11.4% YoY)
  • Average: $832,321 (+4.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.4 miles — 449 listings ($242,458,991 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48362Lake Orion, MI 483620.0 mi36$32,629,536$549,975$906,376
48359Lake Orion, MI 483594.2 mi23$11,809,212$510,000$513,444
48370Oxford, MI 483705.2 mi11$9,835,034$844,900$894,094
48348Clarkston, MI 483486.7 mi35$24,574,025$580,450$702,115
48326Auburn Hills, MI 483267.4 mi43$14,884,407$328,700$346,149
48340Pontiac, MI 483407.8 mi56$9,545,088$143,975$170,448
48346Clarkston, MI 483468.9 mi57$34,149,441$445,700$599,113
48342Pontiac, MI 483429.5 mi40$5,208,480$128,450$130,212
48328Waterford, MI 4832810.4 mi68$26,467,232$283,225$389,224
48455Metamora, MI 4845511.0 mi31$19,263,245$592,400$621,395
48095Washington, MI 4809511.7 mi30$43,243,440$873,248$1,441,448
48320Keego Harbor, MI 4832012.2 mi11$5,022,083$382,175$456,553
48428Dryden, MI 4842812.4 mi8$5,827,768$654,950$728,471

Frequently Asked Questions

How many homes are for sale in LAKE ORION, MI 48362?

As of September 2026, there are 72 active listings in LAKE ORION, MI (zip code 48362), compared to 61 the prior year.

What is the median home price in LAKE ORION, MI 48362?

The median listing price in LAKE ORION, MI 48362 is $574,948 as of September 2026, a 11.4% increase from $516,000 the prior year.

How long do homes stay on the market in LAKE ORION, MI?

Homes in LAKE ORION, MI 48362 spend an average of 38 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in LAKE ORION, MI 48362?

Based on current inventory and days-on-market data as of September 2026, LAKE ORION, MI 48362 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 38 days on market compared to 41 days last year.

How much can I save on real estate commission in LAKE ORION, MI?

With SELL123.com's maximum 3% commission, sellers in LAKE ORION, MI 48362 save an estimated $11,499 compared to a typical 5% commission on the median listing price of $574,948. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.