Lansing, MI metro area Housing Market
Warm MarketComprehensive housing market data for the Lansing, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$230K
↑ 15.0% YoY
Days on Market
40 days
↓ 4.8% YoY
Active Inventory
890
↓ 1.7% YoY
Homes Sold
420
↑ 1.2% YoY
Warm Market
The market is active with moderate buyer demand.
Lansing, MI metro area Market Summary
The Lansing, MI metro area housing market is heating up. As of March 2026, the median home sale price is $230K, up 15.0% year-over-year. Homes are spending a median of 40 days on the market, 4.8% shorter than a year ago.
There are 890 homes for sale — 1.7% fewer than last year. With 2.1 months of supply, this is a seller's market. 549 new listings were added during this period, up 4.2% year-over-year.
Homes are selling for 99.1% of their list price on average, suggesting room for negotiation. 36.2% of homes sell above their asking price. 23.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
57
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 47% below the national median, which could indicate stronger cash flow potential.
Lansing, MI metro area Market Trends
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Detailed Market Metrics
Median List Price
$230K
Price per Sq Ft
$148
Sale-to-List Ratio
99.1%
Months of Supply
2.1
Sold Above List
36.2%
Price Drops
23.8%
New Listings
549
↑ 4.2% YoY
Pending Sales
616
Off Market in 2 Weeks
50.2%
Other Markets in Michigan
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$200K · 37d on market
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$358K · 18d on market
Flint, MI metro area
$200K · 36d on market
Ann Arbor, MI metro area
$410K · 40d on market
Kalamazoo, MI metro area
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Muskegon, MI metro area
$238K · 31d on market
Traverse City, MI metro area
$417K · 52d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.