Lansing - MI housing market
The Lansing metro has a typical home value of $250,377, up 3.7% from a year ago. Homes are moving fast at 7 days on market - a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($250,377) is the Zillow Home Value Index for the Lansing - MI metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.7% over the past year. In Lansing - MI, that means a home worth $241,444 last year is now worth roughly $250,377.
The median sale price , what homes actually close for , is $218,448. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Lansing - MI sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.
About 18.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 607 new listings hit the market each month in Lansing - MI. There are currently 1,244 homes for sale, up 8.8% from a year ago.
The typical monthly rent in Lansing - MI is $1,265, up 4.5% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in MI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Detroit - MI | $269,080 | +2.8% | 10.0d |
| Grand Rapids - MI | $359,923 | +4.8% | 6.0d |
| Flint - MI | $197,858 | +6.4% | 11.0d |
| Ann Arbor - MI | $422,945 | +2.5% | 6.0d |
| Kalamazoo - MI | $279,752 | +4.3% | 8.0d |