How much is a home in 48906 worth?

The typical home value in 48906 is $169,625 as of 2026-08-01, up 3.8% over the past year.

How long does it take to sell a home in 48906?

Homes in 48906 spend a median of 35 days on market as of 2026-08-01.

Are sellers cutting prices in 48906?

As of 2026-08-01, 20.5% of listings in 48906 have had a price cut, while the median list price is $159,500.

Market Intelligence · MI / Lansing

Lansing, MI 48906 Housing Market

The typical home value in Lansing, MI 48906 is $169,625, up 3.8% over the past year as of 2026-08-01. The median list price sits at $159,500, and homes spend a median of 35 days on market.

Updated August 2026Median value$170K

The median home value in Lansing, MI 48906 is $170K as of August 2026, up 3.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48906 range

$156K to $183K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+3.8% over 12 months

Aug 2025$163K

Low $163KHigh $170K

Aug 2026$170K

The numbers

What is the 48906 housing market like?

As of August 2026

Typical home value

$170K

3.8%YoY

Median list price

$160K

6.2%MoM

Days on market

2.9%MoM

Homes for sale

42.6%MoM

Price cuts

20.5%

48.0%MoM

New listings

10.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 48906 home prices compare?

48906$169,625
Lansing$169,625
Michigan$243,093
United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Lansing: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

Lansing, MI 48906 had 77 homes for sale as of 2026-08-01, with 44 new listings hitting the market. The median list price is $159,500, below the typical home value of $169,625. Values are up 3.8% over the past year, while the median days on market is 35. About 20.5% of listings have taken a price cut. For a seller, the market is moving at a steady pace, but a meaningful share of listings are adjusting their price, so pricing accurately from the start matters.

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