East Lansing, MI 48823 Housing Market
- Active listings50currently for sale
- Pending sales5under contract
- Median asking price$294,950current listings
- Listing age67 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)282a tracked sample, not a market total
- Median sold price$335,000last 6 months
- Middle half of sold prices$250k to $400k25th to 75th percentile
What the numbers say
As of September 14, 2026, Resideline is tracking 50 active listings and 5 pending sales in ZIP code 48823. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.
The median asking price of current listings is $294,950, while the median of the 282 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 67 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 282 closed sales tracked by Resideline. The middle half of those sales ranged from $250,000 to $400,000.
Is 48823 a buyer's or seller's market?
Resideline is currently tracking 5 pending sales against 50 active listings in 48823, a pending-to-active ratio of 0.10. 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
- 48439 Grand Blanc, MI
- 48843 Howell, MI
- 48044 Macomb, MI
- 48188 Canton, MI
- 48103 Ann Arbor, MI
- 48178 South Lyon, MI