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LAKE ODESSA, MI 48849

Real Estate Market Report  ·  Ionia County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE ODESSA, MI real estate market (48849) currently shows 11 active listings, with 7 pending sales. Homes are averaging 89 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 89 days on market compared to 64 days last year.

The median listing price has risen 50% year-over-year, from $224,900 to $337,400.

Whether you are buying or selling in LAKE ODESSA, 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: 5,789  ·  Density: 26.7/mi²  ·  Median household income: $78,878

Typical home value: $190,146  ·  Homeownership: 84.9%

Market Overview

Active Listings
11
vs 11 last year
Pending
7
64% pending ratio
Median Price
$337,400
⇧ 50% vs $224,900 last year
Average Price
$328,208
⇧ 48.5% vs $221,086 last year
Days on Market
89
⇧ 39.1% vs 64 days last year

Price Per Square Foot

Median $/sqft
$223
⇧ 49.7% vs $149/sqft last year
Median Home Size
1,311 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 89 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $337,400 (+50% YoY)
  • Average: $328,208 (+48.5% 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 21.4 miles — 271 listings ($117,953,678 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48849Lake Odessa, MI 488490.0 mi12$4,535,604$369,900$377,967
48890Sunfield, MI 488908.4 mi1$165,000$165,000$165,000
48881Saranac, MI 4888110.0 mi8$2,587,536$281,950$323,442
48861Mulliken, MI 4886111.9 mi2$1,010,000$505,000$505,000
48846Ionia, MI 4884613.5 mi30$9,556,860$291,050$318,562
49058Hastings, MI 4905814.0 mi46$14,876,492$283,650$323,402
49073Nashville, MI 4907315.1 mi13$4,800,692$249,975$369,284
49333Middleville, MI 4933318.2 mi27$15,145,893$463,725$560,959
48822Eagle, MI 4882219.0 mi7$4,334,575$553,666$619,225
48865Orleans, MI 4886520.0 mi6$3,310,002$525,000$551,667
49050Dowling, MI 4905020.9 mi6$3,415,200$569,200$569,200
48813Charlotte, MI 4881321.1 mi38$10,580,074$258,675$278,423
49316Caledonia, MI 4931621.4 mi75$43,635,750$527,150$581,810

Frequently Asked Questions

How many homes are for sale in LAKE ODESSA, MI 48849?

As of March 2026, there are 11 active listings in LAKE ODESSA, MI (zip code 48849), compared to 11 the prior year.

What is the median home price in LAKE ODESSA, MI 48849?

The median listing price in LAKE ODESSA, MI 48849 is $337,400 as of March 2026, a 50% increase from $224,900 the prior year.

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

Homes in LAKE ODESSA, MI 48849 spend an average of 89 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in LAKE ODESSA, MI 48849?

Based on current inventory and days-on-market data as of March 2026, LAKE ODESSA, MI 48849 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 89 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE ODESSA, MI 48849 save an estimated $6,748 compared to a typical 5% commission on the median listing price of $337,400. 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.