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East Lansing, MI 48823 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
East Lansing, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 3636PendingPending sales: 55
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): $300k$300kSoldMedian sold price (last 6 months): $336k$336k
What homes actually sell for in East Lansing, MI
Distribution of 261 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $255k to $403k
$155k to $216k: 31 sales$155k$216k to $276k: 42 sales$276k to $337k: 45 sales$276k$337k to $397k: 59 sales59sales$397k to $458k: 26 sales$397k$458k to $519k: 14 sales$519k to $579k: 10 sales$519k$579k to $640k: 7 salesMedian $336k

What the numbers say

As of October 26, 2026, Resideline is tracking 36 active listings and 5 pending sales in ZIP code 48823. That pending-to-active ratio of 0.14 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $299,900, while the median of the 261 closed sales Resideline tracked over the last six months was $336,500. 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 98 days.

Frequently asked questions

What is the median home price in 48823?

The median closed sale price in East Lansing, MI 48823 was $336,500 over the last six months, based on 261 closed sales tracked by Resideline. The middle half of those sales ranged from $255,000 to $403,000.

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

Resideline is currently tracking 5 pending sales against 36 active listings in 48823, a pending-to-active ratio of 0.14. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 48823 is currently a faster-moving market.

Nearby ZIP code market data

Full East Lansing, MI housing market report →

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