Central Lake, MI Home Values & Market Trends
Real estate market trends reflect that there have been 41 transactions over the past year in Central Lake. The median value for residential home transactions that occurred over the previous year is $382,500. The number of current listings in Central Lake is 73, and the percentage of properties for sale in the city is 73.00%. Central Lake, MI currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 73 properties for sale.
Central Lake, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49622 | $ 382,500 $ 267/sqft |
Housing Market Summary for Central Lake, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $459.9K | $459.9K | - |
| Median Sold Price | $382.4K | $394.3K | 3.11% |
| Homes For Sale | 49 | 72 | 46.94% |
| Homes Sold | 37 | 13 | -64.86% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Central Lake, MI
Browse Homes in Central Lake, MI
Central Lake home values range from $48,892 to $5,000,000. The median estimated value of a home in Central Lake is $382,500. The median list price of a home is 459,900, and the total count of properties in the city is 83.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Central Lake, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Central Lake, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Central Lake, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Central Lake, MI. There is 1 zips within Central Lake, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Central Lake, MI. Auction homes and other auction properties account for 0% of all properties in Central Lake, MI. There is 1 zips within Central Lake, MI; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Central Lake, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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