Housing Prices in Downtown Lansing, MI
How much do homes in Downtown Lansing, MI cost?
Median List Price
$149,000
$95/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Downtown Lansing has decreased by 10.8% since last year.
Summary: The median home list price in Downtown Lansing was $149,000 in March 2024, down 10.8% from the previous year, and the median price per square foot was $95.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | - | N/A |
| 2 Bedrooms | $192.4K | $197.4K | +2.6% |
| 3 Bedrooms | $179.9K | $119.9K | -33.4% |
| 4 Bedrooms | $146.9K | $139.9K | -4.8% |
| 5+ Bedrooms | $157.4K | $169.9K | +7.9% |
Summary: Downtown Lansing housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 33.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 7.9%.
Median List Price Compared To Nearby Neighborhoods
| Westside | $104.1K | $118.8K | +14.2% |
| Downtown Lansing | $167K | $149K | -10.8% |
Housing Supply in Downtown Lansing, MI
How many homes are available in Downtown Lansing, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Downtown Lansing real estate market had 4 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown Lansing housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Downtown Lansing, MI
How long does it take to sell a home in Downtown Lansing, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 109 Days | 83 Days | -23.9% |
Summary: Homes in Downtown Lansing had an average listing age of 83 days in Mar 2024, down by 23.9% compared to the previous year.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.