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OTTER LAKE, MI 48464

Real Estate Market Report  ·  Lapeer County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇧ 28.6% vs 7 last year
Pending
4
44% pending ratio
Median Price
$297,400
⇧ 8.7% vs $273,550 last year
Average Price
$292,083
⇧ 18.3% vs $246,825 last year
Days on Market
40
⇩ 25.9% vs 54 days last year

Market Context

Population: 1,999  ·  Density: 45.3/mi²  ·  Median household income: $59,205

Typical home value: $157,045  ·  Homeownership: 92.9%

Market Analysis

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

The OTTER LAKE, MI real estate market (48464) currently shows 9 active listings, with 4 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 40 days on market compared to 54 days last year.

The median listing price has risen 8.7% year-over-year, from $273,550 to $297,400.

Whether you are buying or selling in OTTER LAKE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 7 last year
  • Days on market: 40 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $297,400 (+8.7% YoY)
  • Average: $292,083 (+18.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.6 miles — 422 listings ($127,351,989 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48464Otter Lake, MI 484640.0 mi9$2,628,747$297,400$292,083
48421Columbiaville, MI 484214.5 mi19$9,505,358$380,000$500,282
48746Millington, MI 487467.0 mi23$6,684,720$250,000$290,640
48461North Branch, MI 4846110.7 mi22$6,311,536$240,000$286,888
48446Lapeer, MI 4844612.0 mi62$38,914,486$325,900$627,653
48423Davison, MI 4842313.1 mi76$23,769,836$299,900$312,761
48727Clifford, MI 4872713.6 mi3$649,899$250,000$216,633
48458Mount Morris, MI 4845814.8 mi49$7,392,091$118,000$150,859
48509Burton, MI 4850916.1 mi37$7,905,124$199,900$213,652
48505Flint, MI 4850517.0 mi58$2,152,786$32,900$37,117
48519Burton, MI 4851918.4 mi23$5,185,442$209,900$225,454
48734Frankenmuth, MI 4873418.9 mi23$9,418,822$351,000$409,514
48415Birch Run, MI 4841519.6 mi18$6,833,142$265,000$379,619

Frequently Asked Questions

How many homes are for sale in OTTER LAKE, MI 48464?

As of January 2026, there are 9 active listings in OTTER LAKE, MI (zip code 48464), compared to 7 the prior year.

What is the median home price in OTTER LAKE, MI 48464?

The median listing price in OTTER LAKE, MI 48464 is $297,400 as of January 2026, a 8.7% increase from $273,550 the prior year.

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

Homes in OTTER LAKE, MI 48464 spend an average of 40 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in OTTER LAKE, MI 48464?

Based on current inventory and days-on-market data as of January 2026, OTTER LAKE, MI 48464 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 40 days on market compared to 54 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OTTER LAKE, MI 48464 save an estimated $5,948 compared to a typical 5% commission on the median listing price of $297,400. 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.