Is Lansing, MI 48906 a buyer’s or seller’s market?

The Lansing housing market right now

In the three months ending August 31, 2026, 44% of homes in Lansing, MI 48906 sold above their list price, the typical home went under contract in 33 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 108 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 53%, homes sold more slowly (30 days then) and the median sale price rose 10% to $203,412. Overall, Lansing is less competitive than a year ago, which gives buyers more room.

Within Clinton County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Lansing ranks #153 of 510 MI ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Elsie 48831 (33% sold over asking) or Saint Johns 48879 (34% sold over asking), while Maple Rapids 48853 (60% sold over asking) and Eagle 48822 (56% sold over asking) are even more competitive.