Lake Odessa Real Estate
13 active listings · 54 sold in the past 12mo
$329,000
Median List Price
54
Sold (past 12mo)
50
Avg Days on Market
-26.0%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Your Lake Odessa Realtor
Alexander Munro
Broker of Record · MI License #6502405404
Direct-to-broker representation for buyers and sellers in Lake Odessa and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.
Active Listings
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Homes for Sale(13)
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For Sale
1/7
$699,000
1138 Lakeview Drive, Lake Odessa, MI 48849
4 bd2 ba2,728 sqft0.19 ac
Single Family
For Sale
1/50
$460,000
1846 W Tupper Heights Drive, Lake Odessa, MI 48849
2 bd1 ba832 sqft1 ac
Single Family
For Sale
1/19
$415,000
874 3rd Avenue 13, Lake Odessa, MI 48849
3 bd3 ba1,108 sqft0.04 ac
Condo
For Sale
1/38
$364,900
1510 Alger Street, Lake Odessa, MI 48849
4 bd2 ba1,824 sqft0.40 ac
Single Family
For Sale
1/19
$364,900
874 3rd Avenue 12, Lake Odessa, MI 48849
2 bd2 ba1,108 sqft0.04 ac
Condo
For Sale
1/27
$355,000
10602 Jordan Lake Road, Lake Odessa, MI 48849
4 bd2 ba0.85 ac
Single Family
For Sale
1/45
$329,000
1033 Washington Boulevard, Lake Odessa, MI 48849
3 bd2 ba2,506 sqft0.38 ac
Single Family
For Sale
1/33
$289,900
1055 Tupper Lake Street, Lake Odessa, MI 48849
0.27 ac
2-4 Unit
For Sale
1/50
$285,000
826 Morningside Court, Lake Odessa, MI 48849
3 bd2 ba1,344 sqft0.20 ac
Single Family
For Sale
1/45
$275,000
785 Washington Boulevard, Lake Odessa, MI 48849
3 bd2 ba2,052 sqft0.30 ac
Single Family
For Sale
1/20
$269,000
911 Washington Boulevard, Lake Odessa, MI 48849
5 bd2 ba2,112 sqft0.30 ac
Single Family
For Sale
1/15
$211,000
1518 E Tupper Lake Road, Lake Odessa, MI 48849
3 bd2 ba1,080 sqft1 ac
Mfg Home
For Sale
1/26
$159,900
810 1st Street, Lake Odessa, MI 48849
3 bd2 ba1,166 sqft0.18 ac
Single Family
Recently Sold(54)
Frequently Asked Questions about Lake Odessa
How many homes are for sale in Lake Odessa?
Lake Odessa currently has 13 homes listed for sale. The median asking price is $329,000.
What are home prices like in Lake Odessa?
Homes in Lake Odessa sell for a median of $329,000, drawn from 54 transactions over the past year.
What is the average days on market in Lake Odessa?
The average days on market in Lake Odessa is 50, based on 54 recent transactions.
Which school districts cover Lake Odessa?
Multiple school districts may serve Lake Odessa. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the Lake Odessa real estate market?
Lake Odessa is currently a seller's market, with 2.9 months of supply. That ratio comes from 13 active listings relative to 54 sales per year.
How are property taxes calculated in Lake Odessa?
Property taxes in Lake Odessa are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Lake Odessa?
Based on Census Bureau ACS data, Lake Odessa shows a -26.0% Household Formation Gap. Despite household size decreasing from 2.33 to 3.04, the 3.5% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.