Lansing - MI housing market
The Lansing metro has a typical home value of $252,858, up 3.6% from a year ago. Homes are moving fast at 7 days on market, a strong seller's market. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($252,858) is the Zillow Home Value Index for the Lansing - MI metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 3.6% over the past year. In Lansing - MI, that means a home worth $244,071 last year is now worth roughly $252,858.
The median sale price , what homes actually close for , is $223,162. Homes are selling at 99.7% of list price, meaning buyers have room to negotiate.
Homes listed in Lansing - MI sit on the market for roughly 7 days before going pending. Shorter = seller's market; longer = buyer's market.
About 19.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 691 new listings hit the market each month in Lansing - MI. There are currently 1,360 homes for sale, up 9.3% from a year ago.
The typical monthly rent in Lansing - MI is $1,296, up 4.4% year over year. For investors, the price-to-rent ratio here is roughly 16x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in MI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Detroit - MI | $271,675 | +2.6% | 10.0d |
| Grand Rapids - MI | $362,206 | +4.7% | 6.0d |
| Flint - MI | $199,114 | +5.9% | 10.0d |
| Ann Arbor - MI | $426,231 | +2.4% | 7.0d |
| Kalamazoo - MI | $281,507 | +4.3% | 7.0d |