Is Lansing, MI 48912 a buyer’s or seller’s market?

The Lansing housing market right now

In the three months ending August 31, 2026, 47% of homes in Lansing, MI 48912 sold above their list price, the typical home went under contract in 34 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 79 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 40%, homes sold more slowly (32 days then) and the median sale price rose 5% to $159,931. Overall, Lansing is more competitive than a year ago, so tougher for buyers.

Within Ingham County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Lansing ranks #290 of 510 MI ZIP codes with enough sales (score 62 out of 100).

Nearby, buyers who want less competition could look at Okemos 48864 (26% sold over asking) or Leslie 49251 (27% sold over asking), while Onondaga 49264 (63% sold over asking) and Holt 48842 (61% sold over asking) are even more competitive.