Lake Odessa Real Estate
8 active listings · 58 sold in the past 12mo
$362,400
Median List Price
58
Sold (past 12mo)
46
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.
Active Listings
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Homes for Sale(8)
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For Sale
1/78
$575,000
13773 Saubee Road, Lake Odessa, MI 48849
4 bd4 ba4,614 sqft2.96 ac
Single Family
For Sale
1/50
$525,000
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
1/19
$364,900
874 3rd Avenue 12, Lake Odessa, MI 48849
2 bd2 ba1,108 sqft0.04 ac
Condo
For Sale
1/47
$359,900
621 Eagle Point Road, Lake Odessa, MI 48849
4 bd2 ba1,612 sqft0.20 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
1/45
$275,000
785 Washington Boulevard, Lake Odessa, MI 48849
3 bd2 ba2,052 sqft0.30 ac
Single Family
Recently Sold(58)
Frequently Asked Questions about Lake Odessa
How many homes are for sale in Lake Odessa?
Lake Odessa currently has 8 homes listed for sale. The median asking price is $362,400.
What are home prices like in Lake Odessa?
Homes in Lake Odessa sell for a median of $362,400, drawn from 58 transactions over the past year.
What is the average days on market in Lake Odessa?
The average days on market in Lake Odessa is 46, based on 58 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 1.7 months of supply. That ratio comes from 8 active listings relative to 58 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.