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GRAND LEDGE, MI 48837

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The GRAND LEDGE, MI real estate market (48837) currently shows 48 active listings, with 29 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 42 days on market compared to 34 days last year.

The median listing price has risen 7.4% year-over-year, from $359,500 to $386,000.

Whether you are buying or selling in GRAND LEDGE, 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.

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Market Context

Market Context

Population: 19,913  ·  Density: 98.0/mi²  ·  Median household income: $90,215

Typical home value: $227,265  ·  Homeownership: 80.9%

Market Overview

Active Listings
48
⇧ 29.7% vs 37 last year
Pending
29
60% pending ratio
Median Price
$386,000
⇧ 7.4% vs $359,500 last year
Average Price
$453,764
⇧ 3.8% vs $437,341 last year
Days on Market
42
⇧ 23.5% vs 34 days last year

Price Per Square Foot

Median $/sqft
$181
⇧ 14.6% vs $158/sqft last year
Median Home Size
2,050 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 37 last year
  • Days on market: 42 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $386,000 (+7.4% YoY)
  • Average: $453,764 (+3.8% 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 18.7 miles — 462 listings ($151,292,028 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48837Grand Ledge, MI 488370.0 mi41$14,061,319$289,000$342,959
48917Lansing, MI 489176.6 mi67$18,729,850$272,500$279,550
48861Mulliken, MI 488617.7 mi6$2,073,798$311,900$345,633
48821Dimondale, MI 488219.5 mi13$5,546,021$343,000$426,617
48890Sunfield, MI 4889010.5 mi2$260,000$130,000$130,000
48911Lansing, MI 4891111.0 mi74$17,571,078$199,900$237,447
48820Dewitt, MI 4882012.0 mi32$12,277,600$330,000$383,675
48912Lansing, MI 4891212.4 mi63$8,166,438$101,500$129,626
48842Holt, MI 4884213.9 mi41$12,547,435$285,000$306,035
48823East Lansing, MI 4882315.9 mi72$32,059,152$315,000$445,266
48808Bath, MI 4880817.0 mi9$4,732,200$469,950$525,800
48864Okemos, MI 4886418.4 mi41$22,917,237$423,500$558,957
48897Woodland, MI 4889718.7 mi1$349,900$349,900$349,900

Frequently Asked Questions

How many homes are for sale in GRAND LEDGE, MI 48837?

As of February 2026, there are 48 active listings in GRAND LEDGE, MI (zip code 48837), compared to 37 the prior year.

What is the median home price in GRAND LEDGE, MI 48837?

The median listing price in GRAND LEDGE, MI 48837 is $386,000 as of February 2026, a 7.4% increase from $359,500 the prior year.

How long do homes stay on the market in GRAND LEDGE, MI?

Homes in GRAND LEDGE, MI 48837 spend an average of 42 days on the market before going under contract, compared to 34 days the prior year.

Is it a seller's or buyer's market in GRAND LEDGE, MI 48837?

Based on current inventory and days-on-market data as of February 2026, GRAND LEDGE, MI 48837 is currently a Buyer's Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 42 days on market compared to 34 days last year.

How much can I save on real estate commission in GRAND LEDGE, MI?

With SELL123.com's maximum 3% commission, sellers in GRAND LEDGE, MI 48837 save an estimated $7,720 compared to a typical 5% commission on the median listing price of $386,000. 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.