Data as of July 2026. Source: Realtor.com.
The LAKE, MI real estate market (48632) currently shows 69 active listings, with 13 pending sales. Homes are averaging 58 days on the market before going under contract.
Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 58 days on market compared to 36 days last year.
The median listing price has fallen 10.8% year-over-year, from $197,450 to $176,200.
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 July 2026, there are 69 active listings in LAKE, MI (zip code 48632), compared to 64 the prior year.
The median listing price in LAKE, MI 48632 is $176,200 as of July 2026, a 10.8% decrease from $197,450 the prior year.
Homes in LAKE, MI 48632 spend an average of 58 days on the market before going under contract, compared to 36 days the prior year.
Based on current inventory and days-on-market data as of July 2026, LAKE, MI 48632 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 58 days on market compared to 36 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE, MI 48632 save an estimated $3,524 compared to a typical 5% commission on the median listing price of $176,200. 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.