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LAKE ORION, MI 48362

Real Estate Market Report  ·  Oakland County
Buyer's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE ORION, MI real estate market (48362) currently shows 52 active listings, with 20 pending sales. Homes are averaging 45 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 taking longer to sell, averaging 45 days on market compared to 36 days last year.

The median listing price has fallen 1% year-over-year, from $611,250 to $604,924.

Whether you are buying or selling in LAKE ORION, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
52
⇧ 26.8% vs 41 last year
Pending
20
38% pending ratio
Median Price
$604,924
⇩ 1% vs $611,250 last year
Average Price
$859,022
⇧ 16.9% vs $734,998 last year
Days on Market
45
⇧ 25% vs 36 days last year

Price Per Square Foot

Median $/sqft
$324
⇧ 9.1% vs $297/sqft last year
Median Home Size
1,778 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 41 last year
  • Days on market: 45 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $604,924 (-1% YoY)
  • Average: $859,022 (+16.9% 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 June 2026, there are 52 active listings in LAKE ORION, MI (zip code 48362), compared to 41 the prior year.

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

The median listing price in LAKE ORION, MI 48362 is $604,924 as of June 2026, a 1% decrease from $611,250 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 45 days on the market before going under contract, compared to 36 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 June 2026, LAKE ORION, MI 48362 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 45 days on market compared to 36 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 $12,098 compared to a typical 5% commission on the median listing price of $604,924. 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.