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City / Town Overview

Lansing, MI

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Lansing, MI real estate market currently shows 674 active listings, with 216 pending sales. Homes are averaging 46.1 days on the market before going under contract.

Inventory has increased compared to last year, with 112 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 46.1 days on market compared to 37.4 days last year.

The median listing price has fallen 7.5% year-over-year, from $172,674 to $159,678.

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Market Context

Market Context

Population: 161,764  ·  Density: 844.3/mi²  ·  Median household income: $56,853

Typical home value: $135,049  ·  Homeownership: 56.4%

Included Areas

Lansing: 48901, 48906, 48908, 48909, 48911, 48913, 48916, 48918, 48919, 48924, 48929, 48937

Downtown: 48922, 48930, 48933, 48951, 48956

Forest View: 48910

Eastside: 48912

Old Forest: 48915

Waverly: 48917

Area Map

Market Overview

Active Listings
674
⇧ 19.9% vs 562 last year
Pending
216
32% pending ratio
Median Price
$159,678
⇩ 7.5% vs $172,674 last year
Average Price
$178,589
⇩ 8.3% vs $194,849 last year
Days on Market
46.1
⇧ 23.3% vs 37 days last year

Price Per Square Foot

Median $/sqft
$125
⇩ 3.3% vs $129/sqft last year
Median Home Size
1,288 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %