Call or Text (240) SELL-123
Bingham Eastern Eastfield Eastside Fairview Green Oaks Groesbeck Hunter Park Hunter Park East Hunter Park West North Lansing (North) Northtown PLACE (P.L.A.C.E.) Potter-Walsh (Potter Walsh) REO Town Riverpoint (River Point) Shepard Street (Shepard St.) Square One Stadium District

LANSING, MI 48912

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

Neighborhoods in ZIP 48912

Bingham · Eastern · Eastfield · Eastside · Fairview · Green Oaks · Groesbeck · Hunter Park · Hunter Park East · Hunter Park West · North Lansing (North) · Northtown · PLACE (P.L.A.C.E.) · Potter-Walsh (Potter Walsh) · REO Town · Riverpoint (River Point) · Shepard Street (Shepard St.) · Square One · Stadium District

Market Analysis

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

The LANSING, MI real estate market (48912) currently shows 63 active listings, with 29 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 37 days last year.

The median listing price has fallen 18.2% year-over-year, from $117,675 to $96,250.

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: 16,378  ·  Density: 1,205.9/mi²  ·  Median household income: $50,822

Typical home value: $134,144  ·  Homeownership: 43.1%

Market Overview

Active Listings
63
⇧ 57.5% vs 40 last year
Pending
29
46% pending ratio
Median Price
$96,250
⇩ 18.2% vs $117,675 last year
Average Price
$124,918
⇩ 7.2% vs $134,554 last year
Days on Market
51
⇧ 37.8% vs 37 days last year

Price Per Square Foot

Median $/sqft
$101
⇩ 8.2% vs $110/sqft last year
Median Home Size
984 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 63 this year vs 40 last year
  • Days on market: 51 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $96,250 (-18.2% YoY)
  • Average: $124,918 (-7.2% 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 19.1 miles — 476 listings ($147,667,414 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48912Lansing, MI 489120.0 mi63$8,166,438$101,500$129,626
48915Lansing, MI 489152.4 mi61$7,390,577$110,000$121,157
48823East Lansing, MI 488233.9 mi72$32,059,152$315,000$445,266
48911Lansing, MI 489115.2 mi74$17,571,078$199,900$237,447
48864Okemos, MI 488646.3 mi41$22,917,237$423,500$558,957
48842Holt, MI 488427.3 mi41$12,547,435$285,000$306,035
48820Dewitt, MI 488209.3 mi32$12,277,600$330,000$383,675
48854Mason, MI 4885411.4 mi34$10,468,600$269,900$307,900
48876Potterville, MI 4887612.5 mi5$1,687,250$349,900$337,450
48848Laingsburg, MI 4884813.2 mi16$9,341,728$459,900$583,858
48872Perry, MI 4887216.0 mi17$6,613,969$375,000$389,057
48819Dansville, MI 4881918.0 mi6$2,227,200$312,500$371,200
48892Webberville, MI 4889219.1 mi14$4,399,150$294,750$314,225

Frequently Asked Questions

How many homes are for sale in LANSING, MI 48912?

As of February 2026, there are 63 active listings in LANSING, MI (zip code 48912), compared to 40 the prior year.

What is the median home price in LANSING, MI 48912?

The median listing price in LANSING, MI 48912 is $96,250 as of February 2026, a 18.2% decrease from $117,675 the prior year.

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

Homes in LANSING, MI 48912 spend an average of 51 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in LANSING, MI 48912?

Based on current inventory and days-on-market data as of February 2026, LANSING, MI 48912 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 37 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 48912 save an estimated $1,925 compared to a typical 5% commission on the median listing price of $96,250. 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.