Data as of September 2026. Source: Realtor.com.
The LAKE, MI real estate market (48632) currently shows 73 active listings, with 17 pending sales. Homes are averaging 83 days on the market before going under contract.
Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 83 days on market compared to 66 days last year.
The median listing price has fallen 19.4% year-over-year, from $189,900 to $152,975.
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 September 2026, there are 73 active listings in LAKE, MI (zip code 48632), compared to 60 the prior year.
The median listing price in LAKE, MI 48632 is $152,975 as of September 2026, a 19.4% decrease from $189,900 the prior year.
Homes in LAKE, MI 48632 spend an average of 83 days on the market before going under contract, compared to 66 days the prior year.
Based on current inventory and days-on-market data as of September 2026, LAKE, MI 48632 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 83 days on market compared to 66 days last year.
With SELL123.com's maximum 3% commission, sellers in LAKE, MI 48632 save an estimated $3,060 compared to a typical 5% commission on the median listing price of $152,975. 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.