Market Intelligence · MI / Lansing

Lansing, MI 48912 Housing Market

The typical home value in Lansing's 48912 ZIP is $137,194, down 1.5% over the past year. The median list price is $125,000, with homes staying on the market for a median of 49 days.

Updated September 2026Median value$137K

The median home value in Lansing, MI 48912 is $137K as of September 2026, down 1.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 48912 range

$126K to $148K

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

-1.5% over 12 months

Sep 2025$139K

Low $137KHigh $141K

Sep 2026$137K

The numbers

What is the 48912 housing market like?

As of September 2026

Typical home value

$137K

1.5%YoY

Median list price

$125K

2.3%MoM

Days on market

16.7%MoM

Homes for sale

16.2%MoM

Price cuts

24.5%

1.0%MoM

New listings

25.0%MoM

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

The outlook

48912 housing market forecast 2027

+2.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48912 to rise 2.0% by September 2027.

Over the 12 months through September 2026, typical home values in 48912 fell 1.5%, per the Zillow Home Value Index.

Will home prices drop in 48912?

Zillow's forecast does not call for a drop: it expects typical home values in 48912 to rise 2.0% by September 2027, after a 1.5% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48912 home prices compare?

48912$137,194
Lansing$166,123
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Lansing: 7 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 86 homes for sale in 48912, with 24 new listings added recently. The median list price of $125,000 sits notably below the typical home value, and homes are taking around 49 days to sell. Nearly a quarter of listings, at 24.5%, have already seen price cuts. For sellers, this suggests a market where pricing aggressively from the start may matter more than waiting for offers to roll in.

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Down payment20% · $27,439

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Common questions

What people ask us.

What is the typical home value in Lansing 48912?

The typical home value is $137,194 as of September 2026, representing a decline of 1.5% over the past year.

How long do homes stay on the market here?

The median days on market is 49 as of September 2026.

How many homes are currently for sale?

There are 86 homes for sale in 48912 as of September 2026, with 24 new listings in that same period.

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