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Creston Downtown Durant Park Eastside Knollwood-Willow (Knollwood Willow) Lady Hill North Lansing (North) Northtown Old Forest Riverforest Shady Oak Stadium District Turner Dodge (Turner) Walnut

LANSING, MI 48906

Real Estate Market Report  ·  Ingham County
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48906

Creston · Downtown · Durant Park · Eastside · Knollwood-Willow (Knollwood Willow) · Lady Hill · North Lansing (North) · Northtown · Old Forest · Riverforest · Shady Oak · Stadium District · Turner Dodge (Turner) · Walnut

Market Analysis

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

The LANSING, MI real estate market (48906) currently shows 96 active listings, with 41 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 34 days on market compared to 41 days last year.

The median listing price has risen 17.6% year-over-year, from $144,500 to $170,000.

Whether you are buying or selling in 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: 25,953  ·  Density: 308.1/mi²  ·  Median household income: $57,445

Typical home value: $132,035  ·  Homeownership: 65.4%

Market Overview

Active Listings
96
⇧ 10.3% vs 87 last year
Pending
41
43% pending ratio
Median Price
$170,000
⇧ 17.6% vs $144,500 last year
Average Price
$207,613
⇩ 6.9% vs $222,965 last year
Days on Market
34
⇩ 17.1% vs 41 days last year

Price Per Square Foot

Median $/sqft
$137
vs $137/sqft last year
Median Home Size
1,295 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 96 this year vs 87 last year
  • Days on market: 34 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $170,000 (+17.6% YoY)
  • Average: $207,613 (-6.9% 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 18.7 miles — 452 listings ($128,302,399 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48906Lansing, MI 489060.0 mi96$17,108,064$132,425$178,209
48933Lansing, MI 489334.2 mi8$1,246,968$129,900$155,871
48917Lansing, MI 489174.9 mi54$15,614,640$274,950$289,160
48910Lansing, MI 489106.9 mi127$18,054,320$132,400$142,160
48808Bath, MI 488087.5 mi14$6,960,170$428,975$497,155
48822Eagle, MI 488229.3 mi7$4,334,575$553,666$619,225
48821Dimondale, MI 4882110.6 mi13$6,242,535$371,150$480,195
48864Okemos, MI 4886410.8 mi48$27,540,240$549,900$573,755
48876Potterville, MI 4887612.1 mi5$1,711,085$305,950$342,217
48879Saint Johns, MI 4887915.3 mi47$16,795,262$367,400$357,346
48895Williamston, MI 4889517.0 mi21$9,894,549$363,375$471,169
48866Ovid, MI 4886618.1 mi7$1,401,596$152,400$200,228
48835Fowler, MI 4883518.7 mi5$1,398,395$261,000$279,679

Frequently Asked Questions

How many homes are for sale in LANSING, MI 48906?

As of July 2026, there are 96 active listings in LANSING, MI (zip code 48906), compared to 87 the prior year.

What is the median home price in LANSING, MI 48906?

The median listing price in LANSING, MI 48906 is $170,000 as of July 2026, a 17.6% increase from $144,500 the prior year.

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

Homes in LANSING, MI 48906 spend an average of 34 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in LANSING, MI 48906?

Based on current inventory and days-on-market data as of July 2026, LANSING, MI 48906 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 34 days on market compared to 41 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LANSING, MI 48906 save an estimated $3,400 compared to a typical 5% commission on the median listing price of $170,000. 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.