Market Intelligence · MI / Lansing

Lansing, MI 48917 Housing Market

In Lansing, MI 48917, the typical home value is $259,856, up 1.2% over the past year. The median list price stands at $267,450, with homes spending a median of 31 days on market as of September 2026.

Updated September 2026Median value$260K

The median home value in Lansing, MI 48917 is $260K as of September 2026, up 1.2% 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 48917 range

$239K to $281K

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

Sep 2025$257K

Low $257KHigh $261K

Sep 2026$260K

The numbers

What is the 48917 housing market like?

As of September 2026

Typical home value

$260K

1.2%YoY

Median list price

$267K

5.3%MoM

Days on market

11.4%MoM

Homes for sale

19.6%MoM

Price cuts

20.5%

14.6%MoM

New listings

9.1%MoM

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

The outlook

48917 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48917 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 48917 rose 1.2%, per the Zillow Home Value Index.

Will home prices drop in 48917?

Zillow's forecast does not call for a drop: it expects typical home values in 48917 to rise 2.5% by September 2027, after a 1.2% rise 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 48917 home prices compare?

48917$259,856
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

The market in 48917 is moderately active, with 55 homes currently for sale and 40 new listings arriving in September 2026. The median days on market of 31 suggests a balanced pace, neither rushed nor sluggish. However, 20.5% of listings have already taken a price cut, which indicates some sellers are adjusting expectations. The 1.2% year-over-year gain in typical home value is modest. If you are thinking about selling, expect to price carefully and be prepared for negotiation.

Monthly payment

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Home price

Down payment20% · $51,971

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Common questions

What people ask us.

What is the typical home value in 48917?

The typical home value is $259,856 as of September 2026, up 1.2% over the past year.

How many homes are for sale in Lansing, MI 48917 right now?

There are 55 homes for sale in the ZIP as of September 2026, with 40 new listings added that month.

How long do homes typically stay on the market here?

The median days on market is 31 as of September 2026.

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