Start Free
All market snapshots / 48823

East Lansing, MI 48823 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
East Lansing, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 4444PendingPending sales: 77
East Lansing, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $299k$299kSoldMedian sold price (last 6 months): $335k$335k
What homes actually sell for in East Lansing, MI
Distribution of 275 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $240k to $400k
$150k to $215k: 35 sales$150k$215k to $280k: 51 sales$280k to $345k: 50 sales$280k$345k to $410k: 61 sales61sales$410k to $475k: 20 sales$410k$475k to $540k: 16 sales$540k to $605k: 9 sales$540k$605k to $670k: 5 salesMedian $335k

What the numbers say

As of October 5, 2026, Resideline is tracking 44 active listings and 7 pending sales in ZIP code 48823. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $299,450, while the median of the 275 closed sales Resideline tracked over the last six months was $335,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48823 for 87 days.

Frequently asked questions

What is the median home price in 48823?

The median closed sale price in East Lansing, MI 48823 was $335,000 over the last six months, based on 275 closed sales tracked by Resideline. The middle half of those sales ranged from $240,000 to $400,000.

Is 48823 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 44 active listings in 48823, a pending-to-active ratio of 0.16. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48823 currently looks like a balanced market.

Nearby ZIP code market data

Full East Lansing, MI housing market report →

Running a deal in 48823? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator

Run any 48823 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.