Brokers — List your Company Here
Featured local agent — Lake Orion, MI
Sarah Mitchell
Compass Real Estate · Lake Orion, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Lake Orion, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$335,000median sale price
How is the Lake Orion, MI housing market right now?
The median home sale price in Lake Orion, MI is $335,000, down 39.1% year-over-year. Homes sell in an average of 41 days with 13 active listings. The market is currently a balanced 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 Orion a buyer's or seller's market?
Lake Orion, MI is currently a balanced market, based on 2.2 months of supply and homes selling in about 41 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
41
Average pace
Active listings
13
2.2 months supply
Sale-to-list
95.4%
Below asking
What does the Lake Orion housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $335,000 |
| Median list price | $399,000 |
| Year-over-year price change | -39.1% |
| Average days on market | 41 days |
| Active inventory | 13 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 95.4% |
| Median price per sq ft | $183/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 5 |
| Listings with a price cut | 38.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Orion by property type?
How the Lake Orion, 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 | $345,000 | $190/sq ft | 5 | 16 days |
| Condo / Co-op | $229,500 | $177/sq ft | 1 | 66 days |
Source: Redfin · Updated monthly
The Lake Orion housing market is currently classified as a balanced market with a median sale price of $335,000. Prices have fallen 39.1% compared to last year, with homes spending an average of 41 days on market, indicating 2.2 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 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Orion
There are currently 13 homes listed for sale in Lake Orion, Michigan. The median listing price is $399K.
Active listings
13
Homes on market
Median list price
$399K
Avg. days on market
41
Days until sale
New this week
5
Newly listed
Who lives in Lake Orion?
Population
2,873
Median income
$98,871/yr
Median age
43.8 years
Owner-occupied
73.6%
College grads
45.8%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Orion?
Zillow home value
$424,774
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Lake Orion?
Lake Orion is a community of approximately 3K residents with a median age of 43.8 years.The median household income is $98,871, which reflects a relatively affluent area with strong earning potential. 45.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 73.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Orion offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Orion?
12 schools tracked · 6,171 students
The largest public schools serving Lake Orion, 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.
Lake Orion Community High School
Grades 9-12 · 2,097 students
Waldon Middle School
Grades 6-8 · 540 students
Paint Creek Elementary School
Grades PK-5 · 532 students
Orion Oaks Elementary School
Grades PK-5 · 520 students
Webber School
Grades PK-5 · 491 students
Scripps Middle School
Grades 6-8 · 482 students
Carpenter Elem School
Grades K-5 · 470 students
Stadium Drive Elementary School
Grades K-5 · 465 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 Orion, MI?
Want a head-to-head view? Compare Lake Orion 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 Orion?
The median home sale price in Lake Orion is $335,000, down 39.1% from last year.
How long do homes stay on market in Lake Orion?
Homes typically spend 41 days on market before going under contract.
What is the median income in Lake Orion?
The median household income is $98,871 per year.
Is Lake Orion a buyer's or seller's market?
With 2.2 months of supply, Lake Orion is currently a balanced market.
What is the Zillow home value estimate for Lake Orion?
The Zillow Home Value Index (ZHVI) for Lake Orion is $424,774, representing the typical home value in the area.
What is the median condo price in Lake Orion?
The median condo/co-op sale price in Lake Orion, MI is $229,500, compared to $345,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Orion?
The median single-family home price in Lake Orion, MI is $345,000 (about $190 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Lake Orion, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Lake Orion market alerts
Weekly updates on prices, inventory, and trends. Free forever.