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Featured local agent — Lapeer, MI
Sarah Mitchell
Compass Real Estate · Lapeer, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lapeer, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$253,000median sale price
How is the Lapeer, MI housing market right now?
The median home sale price in Lapeer, MI is $253,000, down 8.3% year-over-year. Homes sell in an average of 30 days with 27 active listings. The market is currently a 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 Lapeer a buyer's or seller's market?
Lapeer, MI is currently a seller's market, based on 2.3 months of supply and homes selling in about 30 days. How we determine this →
Homes sold
12
Last 12 weeks
Days on market
30
Average pace
Active listings
27
2.3 months supply
Sale-to-list
102.1%
Above asking
What does the Lapeer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $253,000 |
| Median list price | $215,000 |
| Year-over-year price change | -8.3% |
| Average days on market | 30 days |
| Active inventory | 27 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 102.1% |
| Median price per sq ft | $196/sq ft |
| Homes sold (latest month) | 12 |
| New listings (latest month) | 13 |
| Listings with a price cut | 29.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lapeer by property type?
How the Lapeer, 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 | $210,000 | $194/sq ft | 7 | 27 days |
| Condo / Co-op | $304,900 | $213/sq ft | 5 | 43 days |
Source: Redfin · Updated monthly
The Lapeer housing market is currently classified as a seller's market with a median sale price of $253,000. Prices have fallen 8.3% compared to last year, with homes spending an average of 30 days on market, indicating 2.3 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 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Lapeer
There are currently 27 homes listed for sale in Lapeer, Michigan. The median listing price is $215K.
Active listings
27
Homes on market
Median list price
$215K
Avg. days on market
30
Days until sale
New this week
13
Newly listed
Who lives in Lapeer?
Population
9,053
Median income
$53,038/yr
Median age
38.8 years
Owner-occupied
49.9%
College grads
15.1%
Avg commute
26.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Lapeer?
Zillow home value
$269,724
Zillow rent index
$1,440/mo
Price-to-rent ratio
15.6x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Lapeer?
Lapeer is a community of approximately 9K residents with a median age of 38.8 years.The median household income is $53,038, which represents a working-class community with solid middle-income opportunities. 15.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 49.9%, showing a blend of owner and renter-occupied properties. The average commute time is 26.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lapeer offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lapeer?
10 schools tracked · 4,367 students
The largest public schools serving Lapeer, 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.
Lapeer High School
Grades 10-12 · 1,118 students
Zemmer Campus 89
Grades 8-9 · 636 students
Rolland Warner Campus 67
Grades 6-7 · 607 students
CK Schickler Elementary School
Grades PK-5 · 500 students
Chatfield School
Grades PK-8 · 482 students
Elva Lynch Elementary School
Grades PK-5 · 433 students
Turrill Elementary School
Grades PK-5 · 380 students
Center for Innovation
Grades PK-12 · 198 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 Lapeer, MI?
Want a head-to-head view? Compare Lapeer side-by-side with any other U.S. city using our market-comparison tool.
Is Lapeer a good real estate investment market?
For investors evaluating Lapeer, the price-to-rent ratio of 15.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 8.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lapeer's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lapeer's median home price.
Frequently asked questions
What is the average home price in Lapeer?
The median home sale price in Lapeer is $253,000, down 8.3% from last year.
How long do homes stay on market in Lapeer?
Homes typically spend 30 days on market before going under contract.
What is the median income in Lapeer?
The median household income is $53,038 per year.
Is Lapeer a buyer's or seller's market?
With 2.3 months of supply, Lapeer is currently a seller's market.
What is the Zillow home value estimate for Lapeer?
The Zillow Home Value Index (ZHVI) for Lapeer is $269,724, representing the typical home value in the area.
What is the median condo price in Lapeer?
The median condo/co-op sale price in Lapeer, MI is $304,900, compared to $210,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lapeer?
The median single-family home price in Lapeer, MI is $210,000 (about $194 per square foot).
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