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Market Intelligence · MI / Oakland County

Lake Orion, MI home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$395K1-yr changeUp1.8%

The typical home value in Lake Orion, MI is $395K as of September 2026, up 1.8% from a year ago, based on the Zillow Home Value Index. In the typical Lake Orion ZIP code, the median list price is $487K and homes spend a median of 40 days on market as of September 2026 (Realtor.com).

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The coverage

Lake Orion, by the numbers.

Typical home valueZillow ZHVI, September 2026
$395K
1-yr changeMedian across Lake Orion ZIPs
+1.8%
ZIP markets live4 tracked in Lake Orion
3
County
Oakland County

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12-month value trend

+1.8% over 12 months

Typical home value in Lake Orion over the last 12 months: $388K in Sep 2025 to $395K in Sep 2026 (+1.8%).

Sep 2025$388K

Sep 2026$395K

Median Zillow home value index across Lake Orion's ZIP codes.

Context

Lake Orion's typical home value sits at $394,575 as of September 2026, up 1.8% over the past year. That is modest growth, which suggests a steady market rather than a runaway one. Sellers are listing at a median of $486,530, and homes are taking a median of 40 days to go under contract. There were 135 homes for sale in September 2026, with 72 new listings hitting the market. Notably, 27.1% of listings have taken a price cut, a sign that asking prices are running ahead of what buyers will pay. For a Lake Orion homeowner thinking about selling, the data says price realistically from the start and expect some negotiation rather than a quick bidding war.

The numbers

What is the housing market like in Lake Orion, MI?

Typical home value

$395K

Up1.8%YoY

Median list price

$487K

Days on market

40

Homes for sale

135

Price cuts

27.1%

New listings

72

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Lake Orion's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Lake Orion, MI home prices over time

Typical home values in Lake Orion, MI are up 1.8% over the past year, from $388K in September 2025 to $395K in September 2026.

Typical home value in Lake Orion, MI, September of each year
MonthTypical value1-yr change
September 2026$394,575+1.8%
September 2025$387,648No prior year

Typical value is the median Zillow Home Value Index across Lake Orion ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Lake Orion, MI a buyer's or seller's market?

Lake Orion, MI leans toward a buyer's market.

A large share of listings have cut their asking price, which gives buyers more room to negotiate.

Based on a median of 40 days on market and 27% of listings with a price cut in the typical Lake Orion ZIP code, and 72 new listings against 135 active listings across Lake Orion, as of September 2026 (Realtor.com).

The outlook

Lake Orion housing market forecast 2027

+1.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Lake Orion ZIP codes, points to typical home values rising 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in Lake Orion rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in Lake Orion?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Lake Orion shows typical home values rising 1.6% by September 2027, after a 1.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Lake Orion ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Lake Orion?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 4 Lake Orion ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Lake Orion, MI home prices.

How much is a home in Lake Orion worth?

The typical home value in Lake Orion is $394,575 as of September 2026, up 1.8% over the past year. That is a citywide figure, so an individual home may be worth more or less depending on its condition, size, and location.

How long does it take to sell a home in Lake Orion?

Homes in Lake Orion spend a median of 40 days on the market as of September 2026. Pricing matters, since 27.1% of listings have had a price cut.

Is there much competition when selling in Lake Orion?

As of September 2026, there are 135 homes for sale in Lake Orion, including 72 new listings. The median list price is $486,530, so sellers are competing in a market where buyers have real options.

Are home prices going up or down in Lake Orion, MI?

Typical home values in Lake Orion, MI are up 1.8% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Lake Orion, MI a buyer's or seller's market?

Lake Orion, MI leans toward a buyer's market. A large share of listings have cut their asking price, which gives buyers more room to negotiate. Based on a median of 40 days on market and 27% of listings with a price cut in the typical Lake Orion ZIP code, and 72 new listings against 135 active listings across Lake Orion, as of September 2026 (Realtor.com).

Nearby markets

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