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Featured local agent — Lake Odessa, MI
Sarah Mitchell
Compass Real Estate · Lake Odessa, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Odessa, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$250,000median sale price
How is the Lake Odessa, MI housing market right now?
The median home sale price in Lake Odessa, MI is $250,000, up 5.5% year-over-year. Homes sell in an average of 6 days with 3 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Odessa a buyer's or seller's market?
Lake Odessa, MI is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 6 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
6
Fast-moving
Active listings
3
1.0 months supply
Sale-to-list
99.5%
Below asking
What does the Lake Odessa housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $191,000 |
| Year-over-year price change | +5.5% |
| Average days on market | 6 days |
| Active inventory | 3 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 99.5% |
| Median price per sq ft | $179/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 3 |
| Listings with a price cut | 33.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Odessa by property type?
How the Lake Odessa, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $179/sq ft | 3 | 6 days |
| Condo / Co-op | $275,000 | $248/sq ft | 5 | — |
Source: Redfin · Updated monthly
The Lake Odessa housing market is currently classified as a strong seller's market with a median sale price of $250,000. Prices have risen 5.5% compared to last year, with homes spending an average of 6 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Odessa
There are currently 3 homes listed for sale in Lake Odessa, Michigan. The median listing price is $191K.
Active listings
3
Homes on market
Median list price
$191K
Avg. days on market
6
Days until sale
New this week
3
Newly listed
Who lives in Lake Odessa?
Population
2,174
Median income
$71,157/yr
Median age
35 years
Owner-occupied
79.8%
College grads
20.4%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Odessa?
Zillow home value
$271,234
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Lake Odessa?
Lake Odessa is a community of approximately 2K residents with a median age of 35 years.The median household income is $71,157, which represents a working-class community with solid middle-income opportunities. 20.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Odessa offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Odessa?
2 schools tracked · 981 students
The largest public schools serving Lake Odessa, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lakewood Elementary School
Grades 1-4 · 500 students
Lakewood High School
Grades 8-12 · 481 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Odessa, MI?
Want a head-to-head view? Compare Lake Odessa side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Odessa?
The median home sale price in Lake Odessa is $250,000, up 5.5% from last year.
How long do homes stay on market in Lake Odessa?
Homes typically spend 6 days on market before going under contract.
What is the median income in Lake Odessa?
The median household income is $71,157 per year.
Is Lake Odessa a buyer's or seller's market?
With 1.0 months of supply, Lake Odessa is currently a strong seller's market.
What is the Zillow home value estimate for Lake Odessa?
The Zillow Home Value Index (ZHVI) for Lake Odessa is $271,234, representing the typical home value in the area.
What is the median condo price in Lake Odessa?
The median condo/co-op sale price in Lake Odessa, MI is $275,000, compared to $250,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Odessa?
The median single-family home price in Lake Odessa, MI is $250,000 (about $179 per square foot).
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