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All market snapshots / 48906

Lansing, MI 48906 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Lansing, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 3737PendingPending sales: 33
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): $116k$116kSoldMedian sold price (last 6 months): $160k$160k
What homes actually sell for in Lansing, MI
Distribution of 238 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $105k to $250k
$40k to $91k: 43 sales$40k$91k to $142k: 45 sales45sales$142k to $194k: 38 sales$142k$194k to $245k: 40 sales$245k to $296k: 24 sales$245k$296k to $348k: 14 sales$348k to $399k: 4 sales$348k$399k to $450k: 6 salesMedian $160k

What the numbers say

As of October 5, 2026, Resideline is tracking 37 active listings and 3 pending sales in ZIP code 48906. That pending-to-active ratio of 0.08 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $116,000, while the median of the 238 closed sales Resideline tracked over the last six months was $160,000. 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 48906 for 65 days.

Frequently asked questions

What is the median home price in 48906?

The median closed sale price in Lansing, MI 48906 was $160,000 over the last six months, based on 238 closed sales tracked by Resideline. The middle half of those sales ranged from $105,000 to $250,000.

Is 48906 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 37 active listings in 48906, a pending-to-active ratio of 0.08. 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, 48906 currently looks like a balanced market.

Nearby ZIP code market data

Full Lansing, MI housing market report →

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