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Featured local agent — East Lansing, MI
Sarah Mitchell
Compass Real Estate · East Lansing, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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East Lansing, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$350,500median sale price
How is the East Lansing, MI housing market right now?
The median home sale price in East Lansing, MI is $350,500, up 2.3% year-over-year. Homes sell in an average of 24 days with 70 active listings. The market is currently a seller's market. (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 East Lansing a buyer's or seller's market?
East Lansing, MI is currently a seller's market, based on 2.9 months of supply and homes selling in about 24 days. How we determine this →
Homes sold
24
Last 12 weeks
Days on market
24
Average pace
Active listings
70
2.9 months supply
Sale-to-list
100.7%
Above asking
What does the East Lansing housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $350,500 |
| Median list price | $349,900 |
| Year-over-year price change | +2.3% |
| Average days on market | 24 days |
| Active inventory | 70 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $172/sq ft |
| Homes sold (latest month) | 24 |
| New listings (latest month) | 49 |
| Listings with a price cut | 17.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in East Lansing by property type?
How the East Lansing, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $351,750 | $172/sq ft | 21 | 23 days |
| Condo / Co-op | $125,000 | $122/sq ft | 3 | 134 days |
Source: Redfin · Updated monthly
The East Lansing housing market is currently classified as a seller's market with a median sale price of $350,500. Prices have risen 2.3% compared to last year, with homes spending an average of 24 days on market, indicating 2.9 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 7.6x provides context for how home values compare to local earning capacity.
Homes for sale in East Lansing
There are currently 70 homes listed for sale in East Lansing, Michigan. The median listing price is $350K.
Active listings
70
Homes on market
Median list price
$350K
Avg. days on market
24
Days until sale
New this week
49
Newly listed
Who lives in East Lansing?
Population
45,394
Median income
$43,547/yr
Median age
21.3 years
Owner-occupied
38.9%
College grads
67.4%
Avg commute
16.8 min
Source: U.S. Census Bureau ACS
What are homes worth in East Lansing?
Zillow home value
$329,353
Zillow rent index
$1,261/mo
Price-to-rent ratio
21.8x
Price-to-income
7.6x
Source: Zillow Research
What is it like to live in East Lansing?
East Lansing is a community of approximately 45K residents with a median age of 21.3 years.The median household income is $43,547, which represents a working-class community with solid middle-income opportunities. 67.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 38.9%, showing a blend of owner and renter-occupied properties. The average commute time is 16.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, East Lansing offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve East Lansing?
13 schools tracked · 4,760 students
The largest public schools serving East Lansing, MI 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.
East Lansing High School
Grades 9-12 · 1,240 students
MacDonald Middle School
Grades 6-8 · 842 students
Great Lakes Learning Academy MSHS
Grades 6-12 · 646 students
Marble School
Grades PK-5 · 302 students
Glencairn School
Grades PK-5 · 296 students
Donley Elementary School
Grades PK-5 · 276 students
Whitehills Elementary School
Grades PK-5 · 274 students
Robert L Green Elementary
Grades PK-5 · 270 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 East Lansing, MI?
Want a head-to-head view? Compare East Lansing side-by-side with any other U.S. city using our market-comparison tool.
Is East Lansing a good real estate investment market?
For investors evaluating East Lansing, the price-to-rent ratio of 21.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 2.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on East Lansing's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using East Lansing's median home price.
Frequently asked questions
What is the average home price in East Lansing?
The median home sale price in East Lansing is $350,500, up 2.3% from last year.
How long do homes stay on market in East Lansing?
Homes typically spend 24 days on market before going under contract.
What is the median income in East Lansing?
The median household income is $43,547 per year.
Is East Lansing a buyer's or seller's market?
With 2.9 months of supply, East Lansing is currently a seller's market.
What is the Zillow home value estimate for East Lansing?
The Zillow Home Value Index (ZHVI) for East Lansing is $329,353, representing the typical home value in the area.
What is the median condo price in East Lansing?
The median condo/co-op sale price in East Lansing, MI is $125,000, compared to $351,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in East Lansing?
The median single-family home price in East Lansing, MI is $351,750 (about $172 per square foot).
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