Is Lansing, MI 48917 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 1.7 months of supply and 47% 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 supply1.7Under 4 months = seller’s market

Sold above original list46.6%Share of sales, last 3 months

Median sale-to-list101%Sold price ÷ list price

Median days on market28Listing to accepted offer

Median price per sq ft$149▲ +7.3% vs. last year

Run the numbers for 48917

Prefilled for 48917Can I win this house?Multiple-offer likelihood for a listing Prefilled for 48917Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bellevue 49021Seller’s market $141 /sq ft Charlotte 48813Seller’s market $153 /sq ft Dimondale 48821Seller’s market $172 /sq ft Eaton Rapids 48827Seller’s market $150 /sq ft Browse all markets →

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