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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lansing Charter Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Lansing Charter Township, MI

How much do homes in Lansing Charter Township, MI cost?

Median Sold Price

$152,353

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,320(+8.8%)

Key Takeaway

Homes in Lansing Charter Township have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Lansing Charter Township was $152,353 in November 2024, up 8.8% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55.5K$85K
+53.2%
2 $103.3K$111.6K
+8.1%
3 $149.9K$163K
+8.7%
4 $199.3K$201.6K
+1.2%
5+ $310.5K$245.5K
-20.9%

Summary: Lansing Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.2%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 20.9%.

Median Sold Price Compared To Nearby Cities

East Lansing
+9.4%
Meridian Charter Township
+9.4%
Lansing Charter Township
+8.8%
Lansing
+8.6%
DeWitt Charter Township
0.3%

Housing Supply in Lansing Charter Township, MI

How many homes are available in Lansing Charter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5955960.2%

Summary: The Lansing Charter Township real estate market had 596 homes for sale in November 2024, a 0.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1214
+16.7%
2 159146
-8.2%
3 294317
+7.8%
4 109100
-8.3%
5+ 2119
-9.5%

Summary: The Lansing Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
152125-17.8%

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer42%38%21%

Key Takeaway

If you're buying a home in Lansing Charter Township, you may be able to get a good deal. 41.6% of homes here sold below asking price last month.

Summary: A total of 125 homes were sold or pending in Lansing Charter Township in November 2024, down by 17.8% month-over-month. Of the 125 sold homes, 42% were sold under asking, 21% were sold at asking, and 38% were sold over asking.

Days on Market for Lansing Charter Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days23 Days-4.0%

Summary: Homes in Lansing Charter Township had an average of 23 days on market in Nov 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times70%30%

Key Takeaway

Many homes in Lansing Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 125 homes were sold in Lansing Charter Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Lansing Charter Township, MI

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