Is Ottawa Lake, MI 49267 a buyer’s or seller’s market?
Ottawa Lake is a seller’s market. With about 3.2 months of supply and 60% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Ottawa Lake housing market right now
In the three months ending August 31, 2026, 60% of homes in Ottawa Lake, MI 49267 sold above their list price, the typical home went under contract in 28 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 44%, homes sold more slowly (19 days then) and the median sale price rose 5% to $333,356. Overall, Ottawa Lake is more competitive than a year ago, so tougher for buyers.
Within Monroe County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell more often over asking than in 93%.
Nearby, buyers who want less competition could look at Luna Pier 48157 (0% sold over asking) or La Salle 48145 (13% sold over asking).
Run the numbers for 49267
Nearby markets
Carleton 48117Seller’s market $185 /sq ftDundee 48131Seller’s market $164 /sq ftErie 48133Balanced $172 /sq ftIda 48140Seller’s market $151 /sq ft Browse all markets →Towns like Ottawa Lake nearby
Find towns like Ottawa Lake in other states →Where Ottawa Lake is
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Questions about Ottawa Lake real estate
Is Ottawa Lake a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Ottawa Lake, MI 49267 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ottawa Lake?
The typical home went under contract in 28 days in the latest three months.
Do homes in Ottawa Lake sell over asking?
60% of homes sold above their original list price, and the typical sale closed at 102.2% of the list price.
What are property taxes in Ottawa Lake?
About 1.16% of a home’s value a year in Monroe County, or roughly $4,640 on a $400,000 home.
What is the median home price in Ottawa Lake?
The median sale price was $333,356 in the three months ending August 31, 2026, about $176 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology