Is Lansing, MI 48917 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 48917 sold above their list price, the typical home went under contract in 28 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 123 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 42%, homes sold more slowly (23 days then) and the median sale price held steady to $259,888. Overall, Lansing is about as competitive as it was a year ago.

Within Eaton County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Lansing ranks #63 of 510 MI ZIP codes with enough sales (score 83 out of 100).

Nearby, buyers who want less competition could look at Mulliken 48861 (0% sold over asking) or Bellevue 49021 (30% sold over asking), while Dimondale 48821 (60% sold over asking) and Sunfield 48890 (50% sold over asking) are even more competitive.