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Foreclosure Homes in Lake Orion, MI

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Lake Orion, MI Foreclosures

Current Market Conditions in in Lake Orion, MI As of April 2026?
In the past month, Lake Orion has seen a slight uptick in home sales, with an increase of roughly 5% in closed transactions compared to last month. This is driven by low interest rates and an ongoing demand for homes in the area. The average time on the market has also decreased, indicating a competitive environment for buyers. Overall, sellers are benefitting from the scarcity of inventory, pushing prices up slightly.
How much do homes sell for in Lake Orion, MI?
The average home price is currently $465,154.
In Lake Orion, MI, how many homes are available?
There are currently 1 active home listings available in Lake Orion.
What’s the average rental cost in Lake Orion, MI?
The average rental price in Lake Orion is $1,733.
What is the most expensive home in Lake Orion?
The most expensive home sold in Lake Orion had a price of $16,141,010.
What is currently the cheapest priced home in Lake Orion, MI?
The cheapest home for sale in Lake Orion is priced at $13,866.

Living in Lake Orion, MI

Lake Orion, MI is a charming village known for its beautiful lakes and vibrant community events. With a strong sense of community, excellent schools, and plenty of outdoor activities, it is an ideal place for families and individuals alike. The downtown area features unique shops and dining options, contributing to the village's appeal.

Buyer vs Seller Market in Lake Orion, MI

The Lake Orion real estate market has shown steady growth over the past few years, characterized by a mix of charming historic homes and new developments. Prices have increased moderately, reflecting the area's demand as a desirable place to live due to its natural beauty and community amenities.

Seasonal trends indicate a surge in home listings around spring, coinciding with the peak buying season when families look to relocate before the school year.

Home Value Estimator For Lake Orion, MI

There are currently 13,571 real estate properties in Lake Orion, MI, with a median automated valuation model (AVM) price of $415,743.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Orion, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Orion, MI, is $465,154.00, with the most expensive house in Lake Orion, MI, topping out at $16,141,010.00 and the cheapest home in Lake Orion, MI, clocking in at $13,866.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Orion, MI!

Rent Prices In Lake Orion, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Orion, MI, is on a rollercoaster ride. The average rent price in Lake Orion, MI, is $1,733.00. Indeed, when looking to rent in Lake Orion, MI, you can expect to pay as little as $530.00 or as much as $3,220.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Lake Orion, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lake Orion, MI Foreclosures

Market Trend for Lake Orion, MI

Total Listings Available: 1

Market Values:

Home Prices from $13,866 to $16,141,010

Average Sales Price: $465,154

Rental Values:

Rental from $530 to $3,220

Average Rent Value: $1,733 / month

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