Is Lansing, MI 48906 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Lansing is a seller’s market. With about 2.7 months of supply and 44% 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 supply2.7Under 4 months = seller’s market

Sold above original list43.8%Share of sales, last 3 months

Median sale-to-list100.7%Sold price ÷ list price

Median days on market33Listing to accepted offer

Median price per sq ft$132▲ +1.5% vs. last year

Run the numbers for 48906

Prefilled for 48906Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48906Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bath 48808Balanced $208 /sq ft Dewitt 48820Seller’s market $181 /sq ft Eagle 48822Seller’s market $176 /sq ft Elsie 48831Seller’s market $149 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology