134 homes sold in Lake Township in the last year, at a typical $237K
Redfin reports Lake Township’s sales by ZIP code, so these figures are for ZIP 49651, which takes in Lake Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Lake Township homes are listed.
Every place Lake Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Lake Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 99% of Lake Township’s sales, at a typical $246K (year to May 2026)
134 homes sold in the year to September 2026.
typical sale · 122 sold in the year to May 2026
- Per square foot
- $166MI $172
- Days to sell
- 48
- Sold over asking
- 21%
More homes sell than most years, at 2.9 times the 2016 price
134 sales in the last year, against 157 in 2017 and a low of 6 in 2012. The typical sale went from $83K in 2016 to $237K.
Source: Redfin Data Center, MLS sales; for ZIP 49651, which takes in Lake Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Lake Township
Check a listing against what Lake Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Lake Township are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of home sales in ZIP 49651 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 134 sales.
If you’re buying in Lake Township
- Shop in September. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (19% over asking).
- Offer under asking. Buyers paid 97.7% of the list price on average; 20% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 47 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 19 a month), but June is the most competitive: 25% of June sales close over asking. August and September offer nearly as much choice with fewer homes bid up (19%). March has the least competition (17%) but only about 8 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Michigan
| Lake Township now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 20% | 15% | 40% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 7% | 18% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 97.7% | 96.3% | 100.8% | 98.1% |
| Days to sellMedian days from listing to contract | 47 | 95 | 53 | 36 |
40 homes for sale on a typical day
That’s 11 times the 2012 low (4), 33% fewer than in 2017–19 and well under 2016’s 74.
Source: Redfin Data Center, ZIP code tracker; for ZIP 49651, which takes in Lake Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Township home costs about $1,415 a month
Price: Lake Township’s typical sale, last 12 months. Property tax at Lake Township’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Lake Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. February has the fewest, about 6.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $237K home, about $2,150 a year.
Taxes vs. neighborsSchools
The schools grade for Lake Township, from test results, graduation and how much students grow.
Schools in Lake TownshipTypical commute
The average one-way trip to work for people who live in Lake Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lake City and Cadillac sell for less a square foot
The busier markets within 25 miles of Lake Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Cadillac | 177 | $191K | $142 | 24% | 55 |
| Lake Township (ZIP 49651) | 134 | $237K | $172 | 20% | 47 |
| Kingsley | 31 | $372K | $203 | 34% | 57 |
| Lake City | 25 | $231K | $156 | 26% | 25 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Lake Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Township. People who follow the town see it, and so do people comparing Lake Township with their own town. No commission, no listing fee.
Questions about buying a home in Lake Township
What do homes sell for in Lake Township, MI?
134 homes sold in the year to September 2026 at a typical $237K, $172 a square foot.
Is Lake Township a buyer’s or seller’s market?
A balanced market: 56 homes were for sale in September 2026 and 12 sold, about 4.4 months of supply. Buyers paid 97.7% of asking on average.
When is the best time to buy in Lake Township?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Township?
About 0.9% of a home’s value a year. On a $237K home that’s near $2,150.
Where can I see homes for sale in Lake Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Township’s MLS listings; the search links above open each one filtered to Lake Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 49651, which takes in Lake Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).