Market Intelligence Report — MI-620

Lansing-East Lansing, MI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MI-08
As of the latest 2026 data
Accelerated

Median Listing

$246K
-10.4% YoY

Pending Ratio

0.63
-13.4% YoY

Active Inventory

993
+24.1% YoY

Median DOM

36 Days
+9.1% YoY

Primary Intelligence Tool — Sold Score™

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The Lansing-East Lansing metro market is currently characterized as Accelerated, with a pending ratio of 0.63 indicating robust demand relative to inventory. While the median listing price has experienced a significant year-over-year decline of 10.4%, active listings have increased by 24.1% over the past year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.8%-1.1 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

479,722+0.6% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Lansing-East Lansing market right now.

Active listings have expanded by 24.1% year-over-year, reaching 993 units, even as new listings saw a more moderate 6.0% annual increase. The median listing price declined by 3.3% month-over-month and 10.4% year-over-year to $246,400. Despite these price adjustments, the pending ratio of 0.63 reflects continued absorption, though it has decreased by 13.4% year-over-year.

Historical Analysis

Market Trends

Median Price

$246K-3.3% MoM

Active Inventory

993+24.1% YoY

Days on Market

36+9.1% YoY

Sold Score™

65-13.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

65
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current pace of sales, indicated by the 0.63 pending ratio, suggests that properties are being absorbed steadily, creating some pressure on available inventory. While active listings have increased, pricing adjustments, particularly the significant annual median listing price decline, indicate a market where price discipline is becoming more pronounced, allowing for more considered negotiations.

Luxury Segment

The average listing price at $310,471 is notably higher than the median listing price of $246,400. However, both average and median listing prices experienced year-over-year declines, and there is no distinct signal of luxury-segment softness in the median $/sqft, which saw a modest 1.6% increase year-over-year.

Supply Dynamics

993 active listings represent the current floor, with new supply arriving at roughly 568 per month.

Pricing Pressure
20.1%

of active listings carry a price reduction, +3.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.6% year-over-year.

Absorption
0.63

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Lansing-East Lansing, MI? Inventory is up 24% from last year.

Demand in Lansing-East Lansing, MI is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
63%
Median Days on Market
36 days
Inventory YoY
+24%

Demand is strong in Lansing-East Lansing, MI. Check your Sold Score before you price — conditions this favorable don't hold forever.

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Metro Demographics

Metro Area
Lansing-East Lansing, MI
CBSA Code
29620
State
MI

ZIPs in Lansing-East Lansing, MI

Sorted by active inventory · click a ZIP for its full report