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Featured local agent — Lansing, NY
Sarah Mitchell
Compass Real Estate · Lansing, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lansing, NY Housing Market
The last median sale price Redfin published was $675,000, +24.4% year over year (through May 2026). With 8.0 months of supply and homes going under contract in about 73 days, Lansing is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $675,000 home is about $3,604/mo in principal and interest.
Key numbers for Lansing, NY
Median sale price
$675,000
+24.4% year over year
Redfin, through May 2026
Days on market
73
Slow-moving
Redfin, through May 2026
Active listings
8
8.0 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
$75,901
Home costs 8.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.5%
Selling below asking
Redfin, through May 2026
Zillow figures 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?
Lansing, NY is a buyer's market, based on 8.0 months of supply and homes selling in about 73 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
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, NY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $675,000 |
| Median list price | $648,000 |
| Year-over-year price change | +24.4% |
| Median price per sq ft | $252/sq ft |
| Median days on market | 73 days |
| Active inventory | 8 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 98.5% |
| Homes sold (that month) | 1 |
| New listings (that month) | 5 |
| Market condition | Buyer'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, NY rose 28.0%, from $527,500 to $675,000. For prices to fall meaningfully from here, supply would have to keep building past 8.0 months while the sale-to-list ratio slips below its current 98.5%. 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 median sale price of $675,000 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% | $135,000 | $540,000 | $3,604/mo |
| 5% | $33,750 | $641,250 | $4,279/mo |
Redfin, through May 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 $3,604, that implies roughly $154,437 a year before you add taxes and insurance. The median household in Lansing earns $75,901, about $78,536 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 8.9x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
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?
Zillow does not publish a rent index (ZORI) for Lansing, NY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Lansing?
Active listings in Lansing, NY went from 8 in February 2025 to 8 in May 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 9 | 4 |
| May 2025 | 11 | 5 |
| June 2025 | 9 | 4 |
| July 2025 | 10 | 6 |
| August 2025 | 9 | 2 |
| October 2025 | 6 | 3 |
| November 2025 | 4 | 1 |
| December 2025 | 2 | not published |
| February 2026 | 5 | 5 |
| March 2026 | 6 | 3 |
| April 2026 | 8 | 8 |
| May 2026 | 8 | 5 |
Redfin, through May 2026
How does Lansing compare to New York and the U.S.?
Lansing homes sell for $675,000 — 9% above the New York median of $620,500. Against the national median of $410,700, Lansing runs 64% higher. Year-over-year, Lansing moved +24.4% against New York's +5.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Lansing, NY | $675,000 | +24.4% | 73 days |
| New York statewide | $620,500 | +5.1% | 42 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 8.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $676 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 $675,000 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 73 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 98.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Lansing added 5 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- 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 8 homes listed for sale in Lansing, New York. The median listing price is $648K.
Active listings
8
Homes on market
Median list price
$648K
Avg. days on market
73
Days until sale
New this week
5
Newly listed
How much do homes cost in Lansing by property type?
How the Lansing, NY 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 | $675,000 | $252/sq ft | 1 | 73 days |
| Condo / co-op | $412,500 | $241/sq ft | 2 | 86 days |
| Townhouse | $510,000 | $222/sq ft | 1 | 23 days |
Who lives in Lansing?
American Community Survey estimates for Lansing. U.S. Census ACS, 2023
Population
3,837
Households
1,761
Median income
$75,901/yr
Median age
29.4 years
Owner-occupied
26.3%
Median home value
$403,900
Median gross rent
$1,729/mo
Mean commute
15.4 min
26.3% 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.
Which public schools serve Lansing?
4 schools tracked · 1,202 students
The largest public schools serving Lansing, NY 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.
RAYMOND C BUCKLEY ELEMENTARY SCHOOL
Grades PK-4 · 423 students
LANSING HIGH SCHOOL
Grades 9-12 · 386 students
LANSING MIDDLE SCHOOL
Grades 5-8 · 339 students
FINGER LAKES RESIDENTIAL CENTER
Grades 7-11 · 54 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, NY?
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, NY is currently a buyer's market. That read comes from 8.0 months of supply, homes going under contract in about 73 days, and sellers getting 98.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Lansing?
The median sale price in the last month Redfin published was $675,000, about $252 per square foot.
Is Lansing cheaper than the rest of New York?
Lansing's median sale price of $675,000 is 9% higher than the New York statewide median of $620,500, and 64% above 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, NY spent a median of 73 days on market before going under contract, versus 42 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (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 $675,000 home is about $3,604 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $154,437 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $75,901.
Are home prices rising in Lansing?
Redfin's last published year-over-year change for Lansing, NY was +24.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
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, NY is a buyer's market with 8.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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