Homes Under $500K in Lake, MI

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Lake housing market

July 2026 · This period is still settling

Selling at 98.1% of asking price

Buyers here are paying below asking. MLS · 14 sales · as of Jul 30, 2026

Homes on the market · MLS, as of Jul 21, 2026–Jul 30, 2026

Median list price: $229,000
Homes for sale: 86
Median days on market: 47 days

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 15, 2026

Median home size: 1,044 sq. ft.

Lake, MI community profile

Area: 129.9 sq. mi.

Source: HJN community data

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Listing data & MLS disclosures

Lake housing market

Homes on the market · MLS, as of Jul 21, 2026–Jul 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 15, 2026

Lake, MI community profile

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Lake housing market

Homes on the market · MLS, as of Jul 21, 2026–Jul 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Jul 15, 2026

Lake, MI community profile

Listing data & MLS disclosures