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Lansing, MI 48912 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Lansing, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 4040PendingPending sales: 22
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): $97k$97kSoldMedian sold price (last 6 months): $142k$142k
What homes actually sell for in Lansing, MI
Distribution of 157 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $95k to $205k
$32k to $66k: 20 sales$32k$66k to $100k: 13 sales$100k to $133k: 30 sales30sales$100k$133k to $167k: 24 sales$167k to $201k: 22 sales$167k$201k to $234k: 7 sales$234k to $268k: 11 sales$234k$268k to $302k: 15 salesMedian $142k

What the numbers say

As of September 14, 2026, Resideline is tracking 40 active listings and 2 pending sales in ZIP code 48912. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $96,950, while the median of the 157 closed sales Resideline tracked over the last six months was $142,000. 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 61 days.

Frequently asked questions

What is the median home price in 48912?

The median closed sale price in Lansing, MI 48912 was $142,000 over the last six months, based on 157 closed sales tracked by Resideline. The middle half of those sales ranged from $95,000 to $204,900.

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

Resideline is currently tracking 2 pending sales against 40 active listings in 48912, a pending-to-active ratio of 0.05. 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

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