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Lansing-East Lansing, MI housing market

Housing market indicators

Indicator 2022202320242025* Change202220232024YTD
Median Listing Price per Square Feet $123 $137 $140 $149 13.9% 11.4% 2.2% 6.4%
Active Listing Count 696 626 730 873 30.1% -10.1% 16.6% 19.6%
Median Days on Market 54 51 56 41 3.8% -5.6% 9.8% -26.8%
Share of listings with price increase 0.5% 0.3% 0.3% 0.2%
Share of listings with price decrease 12.1% 11.7% 12.5% 14.3%

* last available value

Home prices

Short term housing supply drivers

Long term housing demand drivers

Long term housing supply drivers




Note: 12M MA - 12 months moving average, Permits - New Private Housing Structures Authorized by Building Permits. Source: FRED


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