Is East Lansing, MI 48823 a buyer’s or seller’s market?
East Lansing is a seller’s market. With about 2.8 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2.8Under 4 months = seller’s market
Sold above original list36%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market36Listing to accepted offer
Median price per sq ft$173▲ +3.4% vs. last year
Run the numbers for 48823
Nearby markets
Dansville 48819Seller’s market $156 /sq ftHaslett 48840Seller’s market $184 /sq ftHolt 48842Seller’s market $153 /sq ftLansing 48910Seller’s market $130 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology