All Home Types
Lake Orion, MI Housing Market
What is the housing market like in Lake Orion today?
In October 2024, Lake Orion home prices were down 46.0% compared to last year, selling for a median price of $273K. On average, homes in Lake Orion sell after 33 days on the market compared to 42 days last year. There were 6 homes sold in October this year, up from 3 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$272,500
-46.0% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Lake Orion, MI
$272,500
-46.0%
United States
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Lake Orion Migration & Relocation Trends
In Aug '24 - Oct '24, 21% of Lake Orion homebuyers searched to move out of Lake Orion, while 79% looked to stay within the metropolitan area.
- Across the nation, 0.83% of homebuyers searched to move into Lake Orion from outside metros.
- Los Angeles homebuyers searched to move into Lake Orion more than any other metro followed by New York and Washington.
Where are people moving to Lake Orion from?
- 79% of Lake Orion homebuyers searched to stay within the Lake Orion metropolitan area.
- Traverse City was the most popular destination among Lake Orion homebuyers followed by Cape Coral and Kalamazoo.
Where are people from Lake Orion moving to?
Number of People Moving to Lake Orion
least
most
People are moving to Lake Orion from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 521 | ||
| 2 | 480 | ||
| 3 | 461 | ||
| 4 | 419 | ||
| 5 | 246 | ||
| 6 | 144 | ||
| 7 | 117 | ||
| 8 | 97 | ||
| 9 | 83 | ||
| 10 | 76 | ||
People are leaving Lake Orion for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 190 | ||
| 2 | 162 | ||
| 3 | 140 | ||
| 4 | 122 | ||
| 5 | 112 | ||
| 6 | 102 | ||
| 7 | 81 | ||
| 8 | 75 | ||
| 9 | 68 | ||
| 10 | 49 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Orion.
Provided by First Street Foundation
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