Lansing Housing Market Report February 2025•Ingham County, Michigan

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Housing Prices in Lansing, MI

How much do homes in Lansing, MI cost?

Housing Market Conditions

Is Lansing, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lansing is a Seller's Market

Difference Since February 2024

Since last year, Lansing has remained a Seller's Market.

Insight

Lansing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$155,997$120/SqFt
+$11,011
+7.6%

Based on all homes sold in the last 12 months

Insight

Homes in Lansing have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Lansing was $155,997 in February 2025, up 7.6% from last year, and the median price per square foot was $120.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lansing Charter Township
+7.7%
Lansing
+7.6%
East Lansing
+6.1%
Delta Charter Township
+4.9%
Delhi Charter Township
+4.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$60.2K$84K
+39.4%
2$104.9K$116.9K
+11.4%
3$153.9K$167.8K
+9.0%
4$209.2K$210K
0.4%
5$325K$272.5K
-16.2%

Summary: Lansing housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +39.4%. The home price for 2 bedroom homes increased by +11.4%. The home price for 3 bedroom homes increased by +9.0%. The home price for 4 bedroom homes increased by 0.4%. The home price for 5 bedroom homes decreased by -16.2%.

Housing supply in Lansing, MI

How many homes are available in Lansing, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
462Last MonthFeb 2025
4862 months agoJan 2025
-4.9 %
Change MoMJan – Feb

Summary: The Lansing real estate market had 462 homes for sale in Feb 2025, a 4.9 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
103Last MonthFeb 2025
1182 months agoJan 2025
-12.7 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
11110
-9.1%
2133131
-1.5%
3237220
-7.2%
48680
-7.0%
51921
+10.5%

Summary: Lansing housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -9.1%. The inventory for 2 bedroom homes decreased by -1.5%. The inventory for 3 bedroom homes decreased by -7.2%. The inventory for 4 bedroom homes decreased by -7.0%. The inventory for 5 bedroom homes increased by +10.5%.

Asking Price vs. Sold Price

How much do homes in Lansing, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price29 Homes

At Asking Price20 Homes

Under Asking Price54 Homes

Insight

If you're buying a home in Lansing, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 103 homes were sold or pending in Lansing in February 2025, down by 12.7% month-over-month. Of the 103 sold homes, 52% were sold under asking, 19% were sold at asking, and and 28% were sold over asking.

Days on Market for Lansing, MI

How long does it take to sell a home in Lansing, MI?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days5 Homes

Over 90 Days4 Homes

Insight

Avg time on Rocket Homes in Lansing has remained consistent over time.

Summary: During February 2025, 103 homes were sold in Lansing; 3% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
69 DaysThis YearFeb 2025
38 Days1 year agoFeb 2024
+83.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Lansing had an average listing age of 69 days in Feb 2025, up by 83.6% compared to the previous year.

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Newest Listings in Lansing, MI

What homes are available in Lansing, MI?

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Nearby markets

Popular Cities with Homes for Sale in Michigan

MLS Disclaimers and Copyright

Based on information from Greater Lansing MLS, RealComp II Ltd., and Michigan Regional Information Center LLC for the period 03/01/2023 - 03/01/2025

IDX Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/7/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/7/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/7/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.