Call or Text (240) SELL-123

EAST LANSING, MI 48823

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The EAST LANSING, MI real estate market (48823) currently shows 84 active listings, with 34 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 41 days on market compared to 57 days last year.

The median listing price has fallen 10.2% year-over-year, from $349,700 to $313,975.

Whether you are buying or selling in EAST LANSING, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for EAST LANSING, MI 48823 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 49,713  ·  Density: 811.7/mi²  ·  Median household income: $49,302

Typical home value: $247,644  ·  Homeownership: 44.3%

Market Overview

Active Listings
84
⇧ 1.2% vs 83 last year
Pending
34
40% pending ratio
Median Price
$313,975
⇩ 10.2% vs $349,700 last year
Average Price
$412,619
⇧ 9.9% vs $375,575 last year
Days on Market
41
⇩ 28.1% vs 57 days last year

Price Per Square Foot

Median $/sqft
$185
⇧ 20.9% vs $153/sqft last year
Median Home Size
1,672 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 84 this year vs 83 last year
  • Days on market: 41 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $313,975 (-10.2% YoY)
  • Average: $412,619 (+9.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.2 miles — 553 listings ($177,676,892 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48823East Lansing, MI 488230.0 mi72$32,059,152$315,000$445,266
48840Haslett, MI 488404.2 mi27$14,818,437$483,800$548,831
48864Okemos, MI 488644.7 mi41$22,917,237$423,500$558,957
48910Lansing, MI 489105.8 mi128$18,334,976$135,000$143,242
48906Lansing, MI 489067.0 mi80$14,783,520$149,500$184,794
48917Lansing, MI 489179.7 mi67$18,729,850$272,500$279,550
48848Laingsburg, MI 488489.9 mi16$9,341,728$459,900$583,858
48895Williamston, MI 4889510.1 mi21$11,841,249$439,400$563,869
48854Mason, MI 4885412.5 mi34$10,468,600$269,900$307,900
48837Grand Ledge, MI 4883715.9 mi41$14,061,319$289,000$342,959
48822Eagle, MI 4882216.3 mi8$5,249,336$531,500$656,167
48866Ovid, MI 4886616.5 mi12$2,844,288$258,222$237,024
48819Dansville, MI 4881917.2 mi6$2,227,200$312,500$371,200

Frequently Asked Questions

How many homes are for sale in EAST LANSING, MI 48823?

As of February 2026, there are 84 active listings in EAST LANSING, MI (zip code 48823), compared to 83 the prior year.

What is the median home price in EAST LANSING, MI 48823?

The median listing price in EAST LANSING, MI 48823 is $313,975 as of February 2026, a 10.2% decrease from $349,700 the prior year.

How long do homes stay on the market in EAST LANSING, MI?

Homes in EAST LANSING, MI 48823 spend an average of 41 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in EAST LANSING, MI 48823?

Based on current inventory and days-on-market data as of February 2026, EAST LANSING, MI 48823 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 41 days on market compared to 57 days last year.

How much can I save on real estate commission in EAST LANSING, MI?

With SELL123.com's maximum 3% commission, sellers in EAST LANSING, MI 48823 save an estimated $6,280 compared to a typical 5% commission on the median listing price of $313,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.