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Lansing, MI 48911 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Lansing, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 3737PendingPending sales: 66
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): $172k$172kSoldMedian sold price (last 6 months): $180k$180k
What homes actually sell for in Lansing, MI
Distribution of 210 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $142k to $240k
$72k to $109k: 14 sales$72k$109k to $146k: 34 sales$146k to $183k: 52 sales52sales$146k$183k to $221k: 37 sales$221k to $258k: 23 sales$221k$258k to $295k: 12 sales$295k to $333k: 10 sales$295k$333k to $370k: 7 salesMedian $180k

What the numbers say

As of October 26, 2026, Resideline is tracking 37 active listings and 6 pending sales in ZIP code 48911. That pending-to-active ratio of 0.16 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 $171,900, while the median of the 210 closed sales Resideline tracked over the last six months was $180,000. 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 48911 for 74 days.

Frequently asked questions

What is the median home price in 48911?

The median closed sale price in Lansing, MI 48911 was $180,000 over the last six months, based on 210 closed sales tracked by Resideline. The middle half of those sales ranged from $142,000 to $240,000.

Is 48911 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 37 active listings in 48911, a pending-to-active ratio of 0.16. 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, 48911 is currently a faster-moving market.

Nearby ZIP code market data

Full Lansing, MI housing market report →

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