Last year, average home listing prices in Loon Lake decreased 8.2 percent, perhaps reflecting the waning popularity of the local area. The average listing price this year is $308,192 from a previous $335,666. Meanwhile, inventory rose noticeably by 15.8 percent to 44 homes for sale, creating a less competitive market for buyers looking to relocate here. You'll be able to soak up the scenery with the beautiful panoramic views that surround many of the residential properties offered here. You can have a comfy evening snuggled up next to a burning log fire in many of the houses around Loon Lake.