Market Intelligence · MI / Lansing

Lansing, MI 48912 Housing Market

The typical home value in Lansing's 48912 ZIP code is $139,583, down 1.2% over the past year. The median list price is $128,000, and homes spend a median of 42 days on the market.

Updated August 2026Median value$140K

The median home value in Lansing, MI 48912 is $140K as of August 2026, down 1.2% 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 48912 range

$128K to $151K

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

-1.2% over 12 months

Typical home value in 48912 over the last 12 months: $141K in Aug 2025 to $140K in Aug 2026 (-1.2%).

Aug 2025$141K

Aug 2026$140K

The numbers

What is the 48912 housing market like?

Typical home value

$140K

Down1.2%YoY

Median list price

$128K

Down5.0%MoM

Days on market

42

Up31.3%MoM

Homes for sale

74

Up17.5%MoM

Price cuts

24.2%

Up14.4%MoM

New listings

32

Down15.8%MoM

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

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The comparison

How do 48912 home prices compare?

  • 48912$139,583
  • 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

There are 74 homes for sale in 48912, with 32 new listings coming on the market. The median list price of $128,000 sits below the typical home value of $139,583. Homes take a median of 42 days to sell, and 24.2% of listings have taken a price cut. Values are down 1.2% over the past year. For a seller, this is a market where realistic pricing matters, and a fair number of listings are already adjusting downward to find a buyer.

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