$36,995
4245 W Jolly Rd Lot 197
Lansing, MI
3 bd2 ba1,456 sqft$25/ft²
Mobile home
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Sarah Mitchell
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Compass Real Estate · Lansing, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Lansing, MI(512) 555-0184TX License #0512847
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Lansing, MI Housing Market & Real Estate
Seller's market+7.7% YoY
Housing market overview · Updated monthly ·
$147,500median sale price
How is the Lansing, MI housing market right now?
The median home sale price in Lansing, MI is $147,500, up 7.7% year-over-year. Homes sell in an average of 35 days with 323 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 Lansing a buyer's or seller's market?
Seller's market2.4 months of supply35 avg. days on market
Lansing, MI is currently a seller's market, based on 2.4 months of supply and homes selling in about 35 days. How we determine this →
Homes sold
135
Last 12 weeks
Days on market
35
Average pace
Active listings
323
2.4 months supply
Sale-to-list
99.7%
Below asking
What does the Lansing housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $147,500 |
| Median list price | $148,675 |
| Year-over-year price change | +7.7% |
| Average days on market | 35 days |
| Active inventory | 323 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.7% |
| Median price per sq ft | $123/sq ft |
| Homes sold (latest month) | 135 |
| New listings (latest month) | 171 |
| Listings with a price cut | 26.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lansing by property type?
How the 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 | $144,950 | $123/sq ft | 117 | 35 days |
| Condo / Co-op | $189,900 | $138/sq ft | 13 | 43 days |
Source: Redfin · Updated monthly
The Lansing housing market is currently classified as a seller's market with a median sale price of $147,500. Prices have risen 7.7% compared to last year, with homes spending an average of 35 days on market, indicating 2.4 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Lansing
There are currently 323 homes listed for sale in Lansing, Michigan. The median listing price is $149K. Featured listings range from $36,995 to $299,900.
$69,900
5017 Christiansen Rd
Lansing, MI
3 bd1 ba1,068 sqft$65/ft²
House8,712 sqft lot
View photos & details
$90,100
841 Baker St
Lansing, MI
3 bd1 ba960 sqft$94/ft²
House4,356 sqft lot
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$145,000
418 N Martin Luther King Jr Blvd
Lansing, MI
2 bd2 ba1,152 sqft$126/ft²
Condo
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$159,900
2610 Gary Ave
Lansing, MI
3 bd2 ba998 sqft$160/ft²
House14,810 sqft lot
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$175,000
612 Lathrop St
Lansing, MI
3 bd1 ba1,389 sqft$126/ft²
House3,920 sqft lot
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$177,500
1046 Grenoble Ln Unit A
Lansing, MI
2 bd2 ba1,238 sqft$143/ft²
Condo
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$209,900
1629 N Genesee Dr
Lansing, MI
3 bd2 ba1,176 sqft$178/ft²
House4,356 sqft lot
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$239,900
1127 W Saginaw St
Lansing, MI
3 bd3 ba1,780 sqft$135/ft²
House6,534 sqft lot
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$249,900
3227 Glasgow Dr
Lansing, MI
3 bd2 ba1,963 sqft$127/ft²
House7,841 sqft lot
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$250,000
2100 Wood St
Lansing, MI
1 ba
Multi-family12,197 sqft lot
View photos & details
$299,900
5879 Vienna Way Unit 122
Lansing, MI
2 bd3 ba1,975 sqft$152/ft²
Condo
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Looking to buy in Lansing?
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Active listings
323
Homes on market
Median list price
$149K
Avg. days on market
35
Days until sale
New this week
171
Newly listed
Price drops:26.0%of listings
Sale-to-list:99.7%
Who lives in Lansing?
Population
112,546
Median income
$52,170/yr
Median age
33.5 years
Owner-occupied
53.9%
College grads
29.6%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Lansing?
Zillow home value
$171,397
Zillow rent index
$1,230/mo
Price-to-rent ratio
11.6x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Lansing?
Lansing is a community of approximately 113K residents with a median age of 33.5 years.The median household income is $52,170, which represents a working-class community with solid middle-income opportunities. 29.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 53.9%, showing a blend of owner and renter-occupied properties. The average commute time is 19.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lansing offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lansing?
39 schools tracked · 15,601 students
The largest public schools serving 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.
Everett High School
Grades 8-12 · 1,090 students
Waverly Senior High School
Grades 9-12 · 968 students
Eastern High School
Grades 8-12 · 901 students
Gardner International School
Grades K-8 · 898 students
JW Sexton High School
Grades 8-12 · 745 students
Insight School of Michigan
Grades 9-12 · 678 students
Pattengill School
Grades PK-8 · 633 students
Dwight Rich School of the Arts
Grades K-8 · 627 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, MI?
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 11.6x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 7.7% 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 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 $147,500, up 7.7% from last year.
How long do homes stay on market in Lansing?
Homes typically spend 35 days on market before going under contract.
What is the median income in Lansing?
The median household income is $52,170 per year.
Is Lansing a buyer's or seller's market?
With 2.4 months of supply, Lansing is currently a seller's market.
How many homes are for sale in Lansing?
There are currently 323 homes listed for sale in Lansing, MI.
What is the Zillow home value estimate for Lansing?
The Zillow Home Value Index (ZHVI) for Lansing is $171,397, 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, MI is $189,900, compared to $144,950 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, MI is $144,950 (about $123 per square foot).
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