Is Lakeland, MI 48143 a buyer’s or seller’s market?
Lakeland is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Lakeland housing market right now
In the three months ending August 31, 2026, 0% of homes in Lakeland, MI 48143 sold above their list price, the typical home went under contract in 23 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (40 days then) and the median sale price fell 41% to $474,795. Overall, Lakeland is more competitive than a year ago, so tougher for buyers.
Within Livingston County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Howell 48855 (51% sold over asking) and Brighton 48116 (42% sold over asking) are even more competitive.
Run the numbers for 48143
Nearby markets
Brighton 48114Seller’s market $213 /sq ftBrighton 48116Seller’s market $216 /sq ftCohoctah 48816 $160 /sq ftFenton 48430Seller’s market $210 /sq ft Browse all markets →Where Lakeland is
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Questions about Lakeland real estate
Is Lakeland a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Lakeland, MI 48143 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Lakeland?
The typical home went under contract in 23 days in the latest three months.
Do homes in Lakeland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Lakeland?
About 0.97% of a home’s value a year in Livingston County, or roughly $3,880 on a $400,000 home.
What is the median home price in Lakeland?
The median sale price was $474,795 in the three months ending August 31, 2026, about $697 per square foot.
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More tools for 48143
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology