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EAST LANSING, MI 48823

Real Estate Market Report  ·  Ingham County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
72
⇩ 12.2% vs 82 last year
Pending
26
36% pending ratio
Median Price
$315,000
⇩ 9.7% vs $349,000 last year
Average Price
$445,266
⇧ 15% vs $387,020 last year
Days on Market
58
⇩ 12.1% vs 66 days last year

Market Context

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

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

Market Analysis

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

The EAST LANSING, MI real estate market (48823) currently shows 72 active listings, with 26 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 58 days on market compared to 66 days last year.

The median listing price has fallen 9.7% year-over-year, from $349,000 to $315,000.

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 72 this year vs 82 last year
  • Days on market: 58 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $315,000 (-9.7% YoY)
  • Average: $445,266 (+15% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.2 miles — 553 listings ($177,676,892 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48823East Lansing, MI 488230.0 mi72$32,059,152$315,000$445,266
48840Haslett, MI 488404.2 mi27$14,818,437$483,800$548,831
48864Okemos, MI 488644.7 mi41$22,917,237$423,500$558,957
48910Lansing, MI 489105.8 mi128$18,334,976$135,000$143,242
48906Lansing, MI 489067.0 mi80$14,783,520$149,500$184,794
48917Lansing, MI 489179.7 mi67$18,729,850$272,500$279,550
48848Laingsburg, MI 488489.9 mi16$9,341,728$459,900$583,858
48895Williamston, MI 4889510.1 mi21$11,841,249$439,400$563,869
48854Mason, MI 4885412.5 mi34$10,468,600$269,900$307,900
48837Grand Ledge, MI 4883715.9 mi41$14,061,319$289,000$342,959
48822Eagle, MI 4882216.3 mi8$5,249,336$531,500$656,167
48866Ovid, MI 4886616.5 mi12$2,844,288$258,222$237,024
48819Dansville, MI 4881917.2 mi6$2,227,200$312,500$371,200

Frequently Asked Questions

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

As of January 2026, there are 72 active listings in EAST LANSING, MI (zip code 48823), compared to 82 the prior year.

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

The median listing price in EAST LANSING, MI 48823 is $315,000 as of January 2026, a 9.7% decrease from $349,000 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 58 days on the market before going under contract, compared to 66 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 January 2026, EAST LANSING, MI 48823 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 58 days on market compared to 66 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 $6,300 compared to a typical 5% commission on the median listing price of $315,000. 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.