Photo: TheKuLeR · CC BY-SA 3.059 homes sold in Lake Orion in the last year, at a typical $328K
About one sale in 4 is a condo. 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 Orion homes are listed.
Every place Lake Orion 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 Orion.
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.
A quarter of Lake Orion’s sales are condos, at $44K less than a house
44 houses and 15 condos sold in the year to May 2026. Condos sell faster. Houses draw more bidding wars.
typical sale · 44 sold in the year to May 2026
- Per square foot
- $218MI $172
- Days to sell
- 35
- Sold over asking
- 27%
- Listings with a price cut
- 29%
typical sale · 15 sold in the year to May 2026
- Per square foot
- $194MI $190
- Days to sell
- 25
- Sold over asking
- 20%
- Listings with a price cut
- 57%
Multi-family (2–4 units): 1 sold, typical $700K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 1.7 times the 2016 price
59 sales in the last year, against 99 in 2014 and a low of 37 in 2023. The typical sale went from $194K in 2016 to $328K.
Source: Redfin Data Center, MLS sales; from June 2026 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 $350K buys in Lake Orion
Check a listing against what Lake Orion 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 Orion are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Lake Orion’s home sales 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, 59 sales.
If you’re buying in Lake Orion
- Shop in September. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (18% over asking).
- Offer under asking. Buyers paid 98% of the list price on average; 23% paid over.
- You’ll usually have time. Only 44% of homes go under contract within two weeks; the typical one takes 38 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 10 a month), and the most competition: 35% close over asking. September and October offer nearly as much choice with fewer homes bid up (18%). December has the least competition (7%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Michigan as a whole
| Lake Orion now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 23% | 22% | 40% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 44% | 32% | 58% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 98% | 98% | 100.3% | 98.1% |
| Days to sellMedian days from listing to contract | 38 | 40 | 30 | 36 |
14 homes for sale on a typical day
That’s 2.5 times the 2023 low (6), 32% fewer than in 2017–19 and well under 2014’s 34.
Since 2019, houses are up 17%, condos 79%
A house typically sold for $349K in the year to May 2026 (44 sales), a condo for $305K (15).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Lake Orion home costs about $2,108 a month
Price: Lake Orion’s typical sale, last 12 months. Property tax at Lake Orion’s 1.5% (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 Orion is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $328K home, about $4,760 a year.
Taxes vs. neighborsSchools
The schools grade for Lake Orion, from test results, graduation and how much students grow.
Schools in Lake OrionTypical commute
The average one-way trip to work for people who live in Lake Orion.
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.
Oxford Township, Auburn Hills, Pontiac and Romeo sell for less a square foot
The busier markets within 25 miles of Lake Orion, 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 | |
|---|---|---|---|---|---|
| Rochester Hills | 798 | $458K | $201 | 40% | 20 |
| Pontiac | 481 | $143K | $118 | 26% | 37 |
| Auburn Hills | 231 | $297K | $188 | 36% | 21 |
| Rochester | 162 | $569K | $237 | 38% | 23 |
| Lake Orion | 59 | $328K | $198 | 23% | 38 |
| Romeo | 58 | $324K | $189 | 30% | 38 |
| Oxford Township | 49 | $311K | $185 | 25% | 47 |
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 Orion, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Lake Orion. People who follow the town see it, and so do people comparing Lake Orion with their own town. No commission, no listing fee.
Questions about buying a home in Lake Orion
What do homes sell for in Lake Orion, MI?
59 homes sold in the year to September 2026 at a typical $328K, $198 a square foot. Houses sold for about $349K, condos for about $305K in the year to May 2026.
Is Lake Orion a buyer’s or seller’s market?
A balanced market: 21 homes were for sale in September 2026 and 4 sold, about 4.9 months of supply. Buyers paid 98% of asking on average.
When is the best time to buy in Lake Orion?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Lake Orion?
About 1.5% of a home’s value a year. On a $328K home that’s near $4,760.
Where can I see homes for sale in Lake Orion?
Zillow, Redfin, Realtor.com and Homes.com all carry Lake Orion’s MLS listings; the search links above open each one filtered to Lake Orion.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 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).