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ZIP 48823 in East Lansing, MI: housing market trends

The median home sale price in ZIP 48823 in East Lansing, MI was $299,912 for the three-month period ending September 2026. Sale prices were 9.5% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$299,912
three-month period ending September 2026
Median sale price per sq ft
$172.85
three-month period ending September 2026
Active listings
249
three-month period ending September 2026
Typical monthly rent
$1,351
Rent index · August 2026

How is housing inventory changing?

There were 249 active listings for the three-month period ending September 2026. Active listings were 6.4% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 38 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 48823 in East Lansing, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$299,912$172.85126
Single-familySeptember 2026$322,919$173.3395
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$234,893$169.3830
Multifamily (2–4 units)September 2026$330,000$161.512 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 48823 in East Lansing, MI
MarketMedian sale priceReporting period / source
East Lansing, MI$288,3133 months ending September 2026 · Redfin
Haslett, MI$331,3423 months ending September 2026 · Redfin
Bath, MI$353,3323 months ending September 2026 · Redfin
Okemos, MI$406,9563 months ending September 2026 · Redfin
Lansing, MI$175,500Month ending July 2026 · Zillow
Dewitt, MI$389,8143 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 48823 in East Lansing, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$299,912$172.85249
August 2026$329,000$172.89272
July 2026$339,900$164.21273
June 2026$347,000$168.28263
May 2026$347,500$175.73258
April 2026$340,750$182.23210
March 2026$325,000$167.94178
February 2026$325,000$158.29163
January 2026$308,000$158.29162
December 2025$317,500$159.21196
November 2025$331,950$157.68227
October 2025$331,500$165.45255
September 2025$331,500$167.60266
August 2025$325,000$167.60288
July 2025$331,125$164.97299
June 2025$332,350$159.69305
May 2025$324,450$157.53259
April 2025$292,000$151.05222
March 2025$280,250$152.15182
February 2025$271,950$153.91161
January 2025$295,000$154.07163
December 2024$288,000$159.68175
November 2024$324,900$163.74206
October 2024$297,500$160.66229

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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