Unshakable ZIP Data 48823 | East Lansing, MI Housing Market
East Lansing · Ingham County · Lansing-East Lansing, MI metro · Michigan · Data updated June 19, 2026
The median sale price in ZIP 48823, East Lansing, Michigan is $346,147 at $176 per square foot. 132 single-family homes sold in the latest period, down 0.2 percent from a year earlier. Homes sit a median of 30 days on market with 2.7 months of supply. Sellers are getting 100.1 percent of list price and 52.4 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $341,697 | |
| Average price per sq ft | $174 | |
| Median sale price | $346,147 | |
| Median sale price per sq ft | $176 | |
| Median home size | 1,964 sq ft | |
| Median new listing price | $346,042 | +6.5% |
| National size rank | 452 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 132 | -0.2% |
| Median days on market | 30 days | |
| Months of supply | 2.7 months | |
| New listings | 190 | -3.6% |
| Active listings | 256 | -1.1% |
| Pending sales | 156 | -8.2% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 100.1% | -0.7 pts |
| Share sold above list | 52.4% | +11.4 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
1-bedroom
$121,758
2-bedroom
$222,799
3-bedroom
$312,017
4-bedroom
$389,294
5-bedroom
$456,800
These figures describe the single-family market for East Lansing, Michigan ZIP 48823. They are market context, not a substitute for sold comps or a formal appraisal.