How much is a home in 48359 worth?

The typical home value in 48359 is $403,333, up 1.9% over the past year. The median list price for homes currently on the market is $397,450.

How fast are homes selling in 48359?

Homes in 48359 are spending a median of 23 days on market. There are 47 homes for sale, with 28 new listings added.

Are sellers cutting prices in 48359?

About 18.8% of listings in 48359 have had a price cut. Most homes are holding their asking prices, but a meaningful share of sellers have had to adjust.

Market Intelligence · MI / Lake Orion

Lake Orion, MI 48359 Housing Market

The typical home value in Lake Orion, MI 48359 is $403,333, up 1.9% over the past year. Sellers are listing at a median of $397,450, and homes are moving at a median of 23 days on market. The data points to steady values and reasonably quick sales.

Updated August 2026Median value$399K

The median home value in Lake Orion, MI 48359 is $399K as of August 2026, up 1.9% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48359 range

$367K to $431K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.9% over 12 months

Aug 2025$391K

Low $391KHigh $399K

Aug 2026$399K

The numbers

What is the 48359 housing market like?

As of August 2026

Typical home value

$399K

1.9%YoY

Median list price

$397K

4.7%MoM

Days on market

0.0%MoM

Homes for sale

30.6%MoM

Price cuts

18.8%

33.3%MoM

New listings

0.0%MoM

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

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The comparison

How do 48359 home prices compare?

48359$398,622
Lake Orion$398,622
Michigan$243,093
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lake Orion: 3 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

Home values in 48359 have held firm, with the typical home now worth $403,333 after a 1.9% rise over the past year. There are 47 homes for sale and 28 new listings, so buyers have options but inventory is not flooded. The median list price of $397,450 sits close to typical values, and a median of 23 days on market suggests well-priced homes are not sitting long. Still, 18.8% of listings have taken a price cut, which means some sellers are starting too high. For a seller, pricing accurately from the start matters more than testing the market.

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