Data as of March 2026. Source: Realtor.com.
The LAKE, MI real estate market (48632) currently shows 27 active listings, with 5 pending sales. Homes are averaging 44 days on the market before going under contract.
Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 44 days on market compared to 124 days last year.
The median listing price has fallen 13.4% year-over-year, from $234,950 to $203,450.
Whether you are buying or selling in 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.
Population: 5,028 · Density: 15.8/mi² · Median household income: $49,722
Typical home value: $129,405 · Homeownership: 91.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48632 | Lake, MI 48632 | 0.0 mi | 21 | $4,891,971 | $177,450 | $232,951 |
| 48622 | Farwell, MI 48622 | 6.9 mi | 15 | $17,096,985 | $264,900 | $1,139,799 |
| 48893 | Weidman, MI 48893 | 12.1 mi | 14 | $5,082,560 | $289,200 | $363,040 |
| 48617 | Clare, MI 48617 | 15.1 mi | 11 | $3,294,643 | $216,077 | $299,513 |
| 48878 | Rosebush, MI 48878 | 15.7 mi | 3 | $900,999 | $320,000 | $300,333 |
| 49340 | Remus, MI 49340 | 16.8 mi | 10 | $9,633,930 | $359,900 | $963,393 |
| 49342 | Rodney, MI 49342 | 18.7 mi | 5 | $1,257,835 | $219,900 | $251,567 |
| 49332 | Mecosta, MI 49332 | 19.6 mi | 8 | $2,638,384 | $289,975 | $329,798 |
| 49310 | Blanchard, MI 49310 | 23.6 mi | 6 | $1,024,824 | $170,750 | $170,804 |
| 48618 | Coleman, MI 48618 | 24.5 mi | 19 | $4,976,556 | $259,950 | $261,924 |
| 49657 | McBain, MI 49657 | 26.0 mi | 3 | $800,550 | $266,850 | $266,850 |
| 49632 | Falmouth, MI 49632 | 26.6 mi | 2 | $362,800 | $181,400 | $181,400 |
| 48883 | Shepherd, MI 48883 | 27.9 mi | 13 | $3,849,521 | $243,175 | $296,117 |
As of March 2026, there are 27 active listings in LAKE, MI (zip code 48632), compared to 33 the prior year.
The median listing price in LAKE, MI 48632 is $203,450 as of March 2026, a 13.4% decrease from $234,950 the prior year.
Homes in LAKE, MI 48632 spend an average of 44 days on the market before going under contract, compared to 124 days the prior year.
Based on current inventory and days-on-market data as of March 2026, LAKE, MI 48632 is currently a Seller's Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 44 days on market compared to 124 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE, MI 48632 save an estimated $4,069 compared to a typical 5% commission on the median listing price of $203,450. 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.