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Basset Park Downtown Genesee Hull Court Park Knollwood-Willow (Knollwood Willow) North Lansing (North) Northwest (North West) Old Forest Old Oakland Renaissance Westside

LANSING, MI 48915

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

Neighborhoods in ZIP 48915

Basset Park · Downtown · Genesee · Hull Court Park · Knollwood-Willow (Knollwood Willow) · North Lansing (North) · Northwest (North West) · Old Forest · Old Oakland · Renaissance · Westside

Market Analysis

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

The LANSING, MI real estate market (48915) currently shows 59 active listings, with 21 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 41 days on market compared to 31 days last year.

The median listing price has fallen 11.6% year-over-year, from $130,000 to $114,975.

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: 10,022  ·  Density: 2,147.9/mi²  ·  Median household income: $54,583

Typical home value: $101,774  ·  Homeownership: 60.9%

Market Overview

Active Listings
59
⇧ 3.5% vs 57 last year
Pending
21
36% pending ratio
Median Price
$114,975
⇩ 11.6% vs $130,000 last year
Average Price
$121,015
⇩ 11.5% vs $136,754 last year
Days on Market
41
⇧ 32.3% vs 31 days last year

Price Per Square Foot

Median $/sqft
$116
⇧ 6.4% vs $109/sqft last year
Median Home Size
975 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 59 this year vs 57 last year
  • Days on market: 41 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $114,975 (-11.6% YoY)
  • Average: $121,015 (-11.5% 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 18.5 miles — 512 listings ($146,779,442 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48915Lansing, MI 489150.0 mi61$7,390,577$110,000$121,157
48912Lansing, MI 489122.4 mi63$8,166,438$101,500$129,626
48917Lansing, MI 489173.6 mi67$18,729,850$272,500$279,550
48911Lansing, MI 489114.5 mi74$17,571,078$199,900$237,447
48842Holt, MI 488427.4 mi41$12,547,435$285,000$306,035
48808Bath, MI 488088.6 mi9$4,732,200$469,950$525,800
48820Dewitt, MI 488208.6 mi32$12,277,600$330,000$383,675
48840Haslett, MI 4884010.3 mi27$14,818,437$483,800$548,831
48822Eagle, MI 4882211.7 mi8$5,249,336$531,500$656,167
48848Laingsburg, MI 4884814.9 mi16$9,341,728$459,900$583,858
48827Eaton Rapids, MI 4882716.5 mi27$8,472,762$262,500$313,806
48813Charlotte, MI 4881317.8 mi45$12,886,875$294,500$286,375
48879Saint Johns, MI 4887918.5 mi42$14,595,126$330,000$347,503

Frequently Asked Questions

How many homes are for sale in LANSING, MI 48915?

As of February 2026, there are 59 active listings in LANSING, MI (zip code 48915), compared to 57 the prior year.

What is the median home price in LANSING, MI 48915?

The median listing price in LANSING, MI 48915 is $114,975 as of February 2026, a 11.6% decrease from $130,000 the prior year.

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

Homes in LANSING, MI 48915 spend an average of 41 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in LANSING, MI 48915?

Based on current inventory and days-on-market data as of February 2026, LANSING, MI 48915 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 41 days on market compared to 31 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 48915 save an estimated $2,300 compared to a typical 5% commission on the median listing price of $114,975. 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.