Call or Text (240) SELL-123
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
Balanced Market
March 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 March 2026. Source: Realtor.com.

The LANSING, MI real estate market (48906) currently shows 103 active listings, with 39 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are selling faster, averaging 42 days on market compared to 49 days last year.

The median listing price has fallen 5.5% year-over-year, from $146,250 to $138,250.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for LANSING, MI 48906 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
103
⇧ 28.7% vs 80 last year
Pending
39
38% pending ratio
Median Price
$138,250
⇩ 5.5% vs $146,250 last year
Average Price
$180,797
⇩ 8.5% vs $197,606 last year
Days on Market
42
⇩ 14.3% vs 49 days last year

Price Per Square Foot

Median $/sqft
$121
⇩ 1.6% vs $123/sqft last year
Median Home Size
1,222 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 103 this year vs 80 last year
  • Days on market: 42 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $138,250 (-5.5% YoY)
  • Average: $180,797 (-8.5% 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 March 2026, there are 103 active listings in LANSING, MI (zip code 48906), compared to 80 the prior year.

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

The median listing price in LANSING, MI 48906 is $138,250 as of March 2026, a 5.5% decrease from $146,250 the prior year.

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

Homes in LANSING, MI 48906 spend an average of 42 days on the market before going under contract, compared to 49 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 March 2026, LANSING, MI 48906 is currently a Balanced Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are selling faster, averaging 42 days on market compared to 49 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 $2,765 compared to a typical 5% commission on the median listing price of $138,250. 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.