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Creston Downtown Durant Park Eastside Knollwood-Willow (Knollwood Willow) Lady Hill North Lansing (North) Northtown Old Forest Riverforest Shady Oak Stadium District Turner Dodge (Turner) Walnut

LANSING, MI 48906

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

Neighborhoods in ZIP 48906

Creston · Downtown · Durant Park · Eastside · Knollwood-Willow (Knollwood Willow) · Lady Hill · North Lansing (North) · Northtown · Old Forest · Riverforest · Shady Oak · Stadium District · Turner Dodge (Turner) · Walnut

Market Analysis

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

The LANSING, MI real estate market (48906) currently shows 96 active listings, with 37 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are selling faster, averaging 49 days on market compared to 75 days last year.

The median listing price has risen 6% year-over-year, from $124,925 to $132,425.

Whether you are buying or selling in 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.

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Market Context

Market Context

Population: 25,953  ·  Density: 308.1/mi²  ·  Median household income: $57,445

Typical home value: $132,035  ·  Homeownership: 65.4%

Market Overview

Active Listings
96
⇧ 23.1% vs 78 last year
Pending
37
39% pending ratio
Median Price
$132,425
⇧ 6% vs $124,925 last year
Average Price
$178,209
⇧ 6.3% vs $167,569 last year
Days on Market
49
⇩ 34.7% vs 75 days last year

Price Per Square Foot

Median $/sqft
$125
⇧ 13.6% vs $110/sqft last year
Median Home Size
1,161 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 96 this year vs 78 last year
  • Days on market: 49 now vs 75 last year

Median & Average Pricing

Year over Year
  • Median: $132,425 (+6% YoY)
  • Average: $178,209 (+6.3% 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 — 437 listings ($123,350,025 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48906Lansing, MI 489060.0 mi80$14,783,520$149,500$184,794
48933Lansing, MI 489334.2 mi7$930,440$129,900$132,920
48917Lansing, MI 489174.9 mi67$18,729,850$272,500$279,550
48910Lansing, MI 489106.9 mi128$18,334,976$135,000$143,242
48808Bath, MI 488087.5 mi9$4,732,200$469,950$525,800
48822Eagle, MI 488229.3 mi8$5,249,336$531,500$656,167
48821Dimondale, MI 4882110.6 mi13$5,546,021$343,000$426,617
48864Okemos, MI 4886410.8 mi41$22,917,237$423,500$558,957
48876Potterville, MI 4887612.1 mi5$1,687,250$349,900$337,450
48879Saint Johns, MI 4887915.3 mi42$14,595,126$330,000$347,503
48895Williamston, MI 4889517.0 mi21$11,841,249$439,400$563,869
48866Ovid, MI 4886618.1 mi12$2,844,288$258,222$237,024
48835Fowler, MI 4883518.7 mi4$1,158,532$265,000$289,633

Frequently Asked Questions

How many homes are for sale in LANSING, MI 48906?

As of February 2026, there are 96 active listings in LANSING, MI (zip code 48906), compared to 78 the prior year.

What is the median home price in LANSING, MI 48906?

The median listing price in LANSING, MI 48906 is $132,425 as of February 2026, a 6% increase from $124,925 the prior year.

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

Homes in LANSING, MI 48906 spend an average of 49 days on the market before going under contract, compared to 75 days the prior year.

Is it a seller's or buyer's market in LANSING, MI 48906?

Based on current inventory and days-on-market data as of February 2026, LANSING, MI 48906 is currently a Balanced Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are selling faster, averaging 49 days on market compared to 75 days last year.

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

With SELL123.com's maximum 3% commission, sellers in LANSING, MI 48906 save an estimated $2,649 compared to a typical 5% commission on the median listing price of $132,425. 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.