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EAST LANSING, MI 48823

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The EAST LANSING, MI real estate market (48823) currently shows 147 active listings, with 67 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 36 days on market compared to 25 days last year.

The median listing price has fallen 0.3% year-over-year, from $351,100 to $349,950.

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 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
147
⇩ 3.9% vs 153 last year
Pending
67
46% pending ratio
Median Price
$349,950
⇩ 0.3% vs $351,100 last year
Average Price
$434,169
⇧ 7% vs $405,803 last year
Days on Market
36
⇧ 44% vs 25 days last year

Price Per Square Foot

Median $/sqft
$179
⇧ 3.5% vs $173/sqft last year
Median Home Size
1,918 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 147 this year vs 153 last year
  • Days on market: 36 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $349,950 (-0.3% YoY)
  • Average: $434,169 (+7% 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 June 2026, there are 147 active listings in EAST LANSING, MI (zip code 48823), compared to 153 the prior year.

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

The median listing price in EAST LANSING, MI 48823 is $349,950 as of June 2026, a 0.3% decrease from $351,100 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 36 days on the market before going under contract, compared to 25 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 June 2026, EAST LANSING, MI 48823 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 36 days on market compared to 25 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 $6,999 compared to a typical 5% commission on the median listing price of $349,950. 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.