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LAKE ORION, MI 48359

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The LAKE ORION, MI real estate market (48359) currently shows 23 active listings, with 8 pending sales. Homes are averaging 116 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 116 days on market compared to 32 days last year.

The median listing price has fallen 1.6% year-over-year, from $518,125 to $510,000.

Whether you are buying or selling in LAKE ORION, 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: 10,149  ·  Density: 358.1/mi²  ·  Median household income: $91,236

Typical home value: $290,778  ·  Homeownership: 69.6%

Market Overview

Active Listings
23
⇧ 27.8% vs 18 last year
Pending
8
35% pending ratio
Median Price
$510,000
⇩ 1.6% vs $518,125 last year
Average Price
$513,444
⇧ 7.4% vs $478,007 last year
Days on Market
116
⇧ 262.5% vs 32 days last year

Price Per Square Foot

Median $/sqft
$222
⇧ 2.3% vs $217/sqft last year
Median Home Size
2,125 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 18 last year
  • Days on market: 116 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $510,000 (-1.6% YoY)
  • Average: $513,444 (+7.4% 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 11.0 miles — 613 listings ($452,737,731 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48359Lake Orion, MI 483590.0 mi28$13,547,744$499,950$483,848
48326Auburn Hills, MI 483263.4 mi35$13,339,270$360,000$381,122
48362Lake Orion, MI 483624.2 mi39$31,929,885$532,900$818,715
48329Waterford, MI 483296.1 mi67$26,926,697$289,900$401,891
48306Rochester, MI 483066.5 mi53$93,303,426$1,200,000$1,760,442
48328Waterford, MI 483286.6 mi69$24,847,521$294,950$360,109
48348Clarkston, MI 483487.0 mi42$28,883,568$584,900$687,704
48320Keego Harbor, MI 483208.1 mi10$5,690,860$359,000$569,086
48327Waterford, MI 483278.8 mi50$16,366,050$299,020$327,321
48307Rochester, MI 483079.0 mi84$51,746,436$480,000$616,029
48304Bloomfield Hills, MI 483049.5 mi57$82,599,612$490,000$1,449,116
48324West Bloomfield, MI 4832410.4 mi43$47,021,790$395,000$1,093,530
48386White Lake, MI 4838611.0 mi36$16,534,872$350,000$459,302

Frequently Asked Questions

How many homes are for sale in LAKE ORION, MI 48359?

As of February 2026, there are 23 active listings in LAKE ORION, MI (zip code 48359), compared to 18 the prior year.

What is the median home price in LAKE ORION, MI 48359?

The median listing price in LAKE ORION, MI 48359 is $510,000 as of February 2026, a 1.6% decrease from $518,125 the prior year.

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

Homes in LAKE ORION, MI 48359 spend an average of 116 days on the market before going under contract, compared to 32 days the prior year.

Is it a seller's or buyer's market in LAKE ORION, MI 48359?

Based on current inventory and days-on-market data as of February 2026, LAKE ORION, MI 48359 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 116 days on market compared to 32 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LAKE ORION, MI 48359 save an estimated $10,200 compared to a typical 5% commission on the median listing price of $510,000. 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.