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Featured local agent — Lansing, IL
Sarah Mitchell
Compass Real Estate · Lansing, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lansing, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$210,000median sale price
How is the Lansing, IL housing market right now?
The median home sale price in Lansing, IL is $210,000, down 5.8% year-over-year. Homes sell in an average of 52 days with 144 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lansing a buyer's or seller's market?
Lansing, IL is currently a leaning buyer's, based on 4.4 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
33
Last 12 weeks
Days on market
52
Average pace
Active listings
144
4.4 months supply
Sale-to-list
98.2%
Below asking
What does the Lansing housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $210,000 |
| Median list price | $229,900 |
| Year-over-year price change | -5.8% |
| Average days on market | 52 days |
| Active inventory | 144 listings |
| Months of supply | 4.4 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $150/sq ft |
| Homes sold (latest month) | 33 |
| New listings (latest month) | 53 |
| Listings with a price cut | 16.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Lansing by property type?
How the Lansing, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $218,950 | $160/sq ft | 28 | 52 days |
| Condo / Co-op | $99,900 | $125/sq ft | 5 | 61 days |
| Townhouse | $115,000 | $128/sq ft | 1 | 1 days |
Source: Redfin · Updated monthly
The Lansing housing market is currently classified as a leaning buyer's with a median sale price of $210,000. Prices have fallen 5.8% compared to last year, with homes spending an average of 52 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.8x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lansing
There are currently 144 homes listed for sale in Lansing, Illinois. The median listing price is $230K.
Active listings
144
Homes on market
Median list price
$230K
Avg. days on market
52
Days until sale
New this week
53
Newly listed
Who lives in Lansing?
Population
28,415
Median income
$71,805/yr
Median age
40.1 years
Owner-occupied
69.8%
College grads
27.7%
Avg commute
32.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Lansing?
Zillow home value
$202,012
Zillow rent index
$1,584/mo
Price-to-rent ratio
10.6x
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Lansing?
Lansing is a community of approximately 28K residents with a median age of 40.1 years.The median household income is $71,805, which represents a working-class community with solid middle-income opportunities. 27.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 32.8 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lansing offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lansing?
8 schools tracked · 5,433 students
The largest public schools serving Lansing, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Thornton Fractnl So High School
Grades 9-12 · 1,887 students
Memorial Jr High School
Grades 6-8 · 863 students
Coolidge Elementary School
Grades K-5 · 665 students
Nathan Hale Elem School
Grades PK-4 · 533 students
Oak Glen Elem School
Grades K-5 · 502 students
Heritage Middle School
Grades 5-8 · 482 students
Reavis Elem School
Grades K-5 · 374 students
Lester Crawl Primary Ctr
Grades PK-1 · 127 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lansing, IL?
Want a head-to-head view? Compare Lansing side-by-side with any other U.S. city using our market-comparison tool.
Is Lansing a good real estate investment market?
For investors evaluating Lansing, the price-to-rent ratio of 10.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 5.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Lansing's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Lansing's median home price.
Frequently asked questions
What is the average home price in Lansing?
The median home sale price in Lansing is $210,000, down 5.8% from last year.
How long do homes stay on market in Lansing?
Homes typically spend 52 days on market before going under contract.
What is the median income in Lansing?
The median household income is $71,805 per year.
Is Lansing a buyer's or seller's market?
With 4.4 months of supply, Lansing is currently a leaning buyer's.
What is the Zillow home value estimate for Lansing?
The Zillow Home Value Index (ZHVI) for Lansing is $202,012, representing the typical home value in the area.
What is the median condo price in Lansing?
The median condo/co-op sale price in Lansing, IL is $99,900, compared to $218,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lansing?
The median single-family home price in Lansing, IL is $218,950 (about $160 per square foot).
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