$36,995
4245 W Jolly Rd Lot 197
Lansing, MI
3 bd2 ba1,456 sqft$25/ft²
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Sarah Mitchell
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Compass Real Estate · Lansing, MI
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Lansing, MI(512) 555-0184TX License #0512847
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Lansing, MI Housing Market
Seller's market+2.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Lansing, MI is worth $169,388, rose 2.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $147,500, +7.7% year over year (through May 2026). With 2.4 months of supply and homes going under contract in about 35 days, Lansing is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $169,388 home is about $904/mo in principal and interest.
Key numbers for Lansing, MI
Typical home value
$169,388
+2.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,222/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$147,500
+7.7% year over year
Redfin, through May 2026
Days on market
35
Average pace
Redfin, through May 2026
Active listings
323
2.4 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$52,170
Home costs 3.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Lansing a buyer's or seller's market?
Seller's market2.4 months of supply35 days on market99.7% of asking
Lansing, MI is a seller's market, based on 2.4 months of supply and homes selling in about 35 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Lansing housing market data show?
Every row below is Redfin's final published month for Lansing, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $147,500 |
| Median list price | $148,675 |
| Year-over-year price change | +7.7% |
| Median price per sq ft | $123/sq ft |
| Median days on market | 35 days |
| Active inventory | 323 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.7% |
| Homes sold (that month) | 135 |
| New listings (that month) | 171 |
| Listings with a price cut | 26.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Lansing is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Lansing is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Lansing home prices moved?
Over the last three years the median sale price in Lansing, MI rose 17.1%, from $126,000 to $147,500. The live Zillow value series has rose 2.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 26.0% of Lansing listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.4 months while the sale-to-list ratio slips below its current 99.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Lansing?
Priced off the typical home value of $169,388 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $33,878 | $135,510 | $904/mo |
| 5% | $8,469 | $160,918 | $1,074/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $904, that implies roughly $38,755 a year before you add taxes and insurance. The median household in Lansing earns $52,170, about $13,415 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.2x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Lansing in the next 12 months?
Tell us your timeline. We send the Lansing market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Lansing?
Typical asking rent in Lansing, MI is $1,222/mo, against a typical home value of $169,388. That is a price-to-rent ratio of 11.5x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $904 a month — $318 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Lansing?
Active listings in Lansing, MI went from 324 in May 2025 to 323 in May 2026, a -0.3% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 333 | 184 |
| July 2025 | 341 | 183 |
| August 2025 | 364 | 183 |
| September 2025 | 395 | 188 |
| October 2025 | 411 | 176 |
| November 2025 | 380 | 119 |
| December 2025 | 352 | 107 |
| January 2026 | 332 | 119 |
| February 2026 | 317 | 127 |
| March 2026 | 316 | 152 |
| April 2026 | 335 | 200 |
| May 2026 | 323 | 171 |
Redfin, through May 2026
How does Lansing compare to Michigan and the U.S.?
Lansing homes sell for $147,500 — 50% below the Michigan median of $297,900. Against the national median of $410,700, Lansing runs 64% lower. Year-over-year, Lansing moved +7.7% against Michigan's +4.6% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lansing, MI | $147,500 | +7.7% | 35 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Lansing
What buyers should watch
- Months of supply, currently 2.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 26.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $170 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $169,388 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Lansing listing goes under contract in 35 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Lansing added 171 new listings against 135 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +2.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Lansing varies more than the citywide median suggests — check the ZIP pages below before you set a number.
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
View photos & details
$145,000
418 N Martin Luther King Jr Blvd
Lansing, MI
2 bd2 ba1,152 sqft$126/ft²
Condo
View photos & details
$159,900
2610 Gary Ave
Lansing, MI
3 bd2 ba998 sqft$160/ft²
House14,810 sqft lot
View photos & details
$175,000
612 Lathrop St
Lansing, MI
3 bd1 ba1,389 sqft$126/ft²
House3,920 sqft lot
View photos & details
$177,500
1046 Grenoble Ln Unit A
Lansing, MI
2 bd2 ba1,238 sqft$143/ft²
Condo
View photos & details
$209,900
1629 N Genesee Dr
Lansing, MI
3 bd2 ba1,176 sqft$178/ft²
House4,356 sqft lot
View photos & details
$239,900
1127 W Saginaw St
Lansing, MI
3 bd3 ba1,780 sqft$135/ft²
House6,534 sqft lot
View photos & details
$249,900
3227 Glasgow Dr
Lansing, MI
3 bd2 ba1,963 sqft$127/ft²
House7,841 sqft lot
View photos & details
$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
View photos & details
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%
How much do homes cost in Lansing by property type?
How the Lansing, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| 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 |
Who lives in Lansing?
American Community Survey estimates for Lansing. U.S. Census ACS, 2023
Population
112,546
Households
51,129
Median income
$52,170/yr
Median age
33.5 years
Owner-occupied
53.9%
Median home value
$119,400
Median gross rent
$976/mo
Mean commute
19.7 min
53.9% of occupied homes in Lansing are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $119,400 against Zillow's $169,388 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $976/mo, below Zillow's $1,222/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
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?
Ordered by distance from Lansing, not by size. Compare Lansing side by side with any of them.
Lansing housing market FAQ
Is Lansing a buyer's or seller's market?
Lansing, MI is currently a seller's market. That read comes from 2.4 months of supply, homes going under contract in about 35 days, and sellers getting 99.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lansing?
The typical home in Lansing, MI is worth $169,388 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $147,500, about $123 per square foot.
Is Lansing cheaper than the rest of Michigan?
Lansing's median sale price of $147,500 is 50% lower than the Michigan statewide median of $297,900, and 64% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Lansing?
Homes in Lansing, MI spent a median of 35 days on market before going under contract, versus 24 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Lansing?
At the current 30-year fixed rate of 7.03%, 20% down on a $169,388 home is about $904 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $38,755 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $52,170.
Are home prices rising in Lansing?
The typical home value in Lansing, MI rose 2.1% over the last 12 months, from $165,949 to $169,388 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Lansing?
Lansing ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Lansing?
That depends on your timeline, not on a headline. What the data says today: Lansing, MI is a seller's market with 2.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 11.5x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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