Market Intelligence · MI / Lake Orion

Lake Orion, MI 48362 Housing Market

The typical home value in Lake Orion, MI 48362 is $390,968, up 2.7% over the past year. The median list price is $537,500, and homes are spending a median of 34 days on the market.

Updated August 2026Median value$387K

The median home value in Lake Orion, MI 48362 is $387K as of August 2026, up 2.6% 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 48362 range

$356K to $418K

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

+2.6% over 12 months

Typical home value in 48362 over the last 12 months: $377K in Aug 2025 to $387K in Aug 2026 (+2.6%).

Aug 2025$377K

Aug 2026$387K

The numbers

What is the 48362 housing market like?

Typical home value

$387K

Up2.6%YoY

Median list price

$538K

Down8.9%MoM

Days on market

34

Down8.1%MoM

Homes for sale

49

Up44.1%MoM

Price cuts

35.4%

Up124.2%MoM

New listings

28

Up16.7%MoM

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

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The comparison

How do 48362 home prices compare?

  • 48362$386,779
  • 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

There are 49 homes for sale in the 48362 ZIP code, with 28 new listings added as of 2026-08-01. The median list price of $537,500 sits well above the typical home value of $390,968, which is up 2.7% over the past year. Homes are moving at a median of 34 days on market, and 35.4% of listings have taken a price cut. That combination suggests sellers are pricing ambitiously but the market is still functional. If your home is priced realistically for its condition, you can still expect buyer interest.

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20% · $77,356

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