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Lansing, MI 48912 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: 0.07
ActiveActive listings: 4141PendingPending 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): $125k$125kSoldMedian sold price (last 6 months): $140k$140k
What homes actually sell for in Lansing, MI
Distribution of 158 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $85k to $205k
$35k to $69k: 22 sales$35k$69k to $104k: 18 sales$104k to $138k: 31 sales31sales$104k$138k to $172k: 24 sales$172k to $207k: 18 sales$172k$207k to $241k: 10 sales$241k to $276k: 7 sales$241k$276k to $310k: 12 salesMedian $140k

What the numbers say

As of October 5, 2026, Resideline is tracking 41 active listings and 3 pending sales in ZIP code 48912. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $125,000, while the median of the 158 closed sales Resideline tracked over the last six months was $140,000. 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 48912 for 60 days.

Frequently asked questions

What is the median home price in 48912?

The median closed sale price in Lansing, MI 48912 was $140,000 over the last six months, based on 158 closed sales tracked by Resideline. The middle half of those sales ranged from $84,850 to $204,900.

Is 48912 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 41 active listings in 48912, a pending-to-active ratio of 0.07. 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, 48912 currently looks like a balanced market.

Nearby ZIP code market data

Full Lansing, MI housing market report →

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