Call or Text (240) SELL-123

EAST LANSING, MI 48823

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The EAST LANSING, MI real estate market (48823) currently shows 97 active listings, with 52 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 36 days last year.

The median listing price has fallen 8.8% year-over-year, from $349,350 to $318,450.

Whether you are buying or selling in EAST LANSING, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for EAST LANSING, MI 48823 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 49,713  ·  Density: 811.7/mi²  ·  Median household income: $49,302

Typical home value: $247,644  ·  Homeownership: 44.3%

Market Overview

Active Listings
97
⇧ 4.3% vs 93 last year
Pending
52
54% pending ratio
Median Price
$318,450
⇩ 8.8% vs $349,350 last year
Average Price
$387,697
⇧ 1.4% vs $382,530 last year
Days on Market
47
⇧ 30.6% vs 36 days last year

Price Per Square Foot

Median $/sqft
$181
⇧ 15.3% vs $157/sqft last year
Median Home Size
1,714 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 97 this year vs 93 last year
  • Days on market: 47 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $318,450 (-8.8% YoY)
  • Average: $387,697 (+1.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.2 miles — 575 listings ($188,484,426 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48823East Lansing, MI 488230.0 mi84$34,659,996$313,975$412,619
48840Haslett, MI 488404.2 mi30$16,685,670$437,400$556,189
48864Okemos, MI 488644.7 mi48$27,540,240$549,900$573,755
48910Lansing, MI 489105.8 mi127$18,054,320$132,400$142,160
48906Lansing, MI 489067.0 mi96$17,108,064$132,425$178,209
48917Lansing, MI 489179.7 mi54$15,614,640$274,950$289,160
48848Laingsburg, MI 488489.9 mi16$8,591,856$418,675$536,991
48895Williamston, MI 4889510.1 mi21$9,894,549$363,375$471,169
48854Mason, MI 4885412.5 mi32$11,021,248$281,100$344,414
48837Grand Ledge, MI 4883715.9 mi48$21,780,672$386,000$453,764
48822Eagle, MI 4882216.3 mi7$4,334,575$553,666$619,225
48866Ovid, MI 4886616.5 mi7$1,401,596$152,400$200,228
48819Dansville, MI 4881917.2 mi5$1,797,000$291,950$359,400

Frequently Asked Questions

How many homes are for sale in EAST LANSING, MI 48823?

As of March 2026, there are 97 active listings in EAST LANSING, MI (zip code 48823), compared to 93 the prior year.

What is the median home price in EAST LANSING, MI 48823?

The median listing price in EAST LANSING, MI 48823 is $318,450 as of March 2026, a 8.8% decrease from $349,350 the prior year.

How long do homes stay on the market in EAST LANSING, MI?

Homes in EAST LANSING, MI 48823 spend an average of 47 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in EAST LANSING, MI 48823?

Based on current inventory and days-on-market data as of March 2026, EAST LANSING, MI 48823 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 days on market compared to 36 days last year.

How much can I save on real estate commission in EAST LANSING, MI?

With SELL123.com's maximum 3% commission, sellers in EAST LANSING, MI 48823 save an estimated $6,369 compared to a typical 5% commission on the median listing price of $318,450. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.