Is Lansing, MI 48915 a buyer’s or seller’s market?

The Lansing housing market right now

In the three months ending August 31, 2026, 43% of homes in Lansing, MI 48915 sold above their list price, the typical home went under contract in 34 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 56 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 40%, homes sold more slowly (29 days then) and the median sale price rose 16% to $151,185. Overall, Lansing is about as competitive as it was a year ago.

Within Ingham County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Lansing ranks #238 of 510 MI ZIP codes with enough sales (score 67 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.