New - 1 day on Rocket
$1,532 Closing Credit¹
Gabe Lopez, Listing Office: Trubrook, LLC
East Lansing Housing Market Report December 2024•Ingham County, Michigan
Housing Prices in East Lansing, MI
How much do homes in East Lansing, MI cost?
Housing Market Conditions
Is East Lansing, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
East Lansing is a Seller's Market
Difference Since December 2023
Since last year, East Lansing has remained a Seller's Market.
Insight
East Lansing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$304,000$160/SqFt
+$24,075
+8.6%
Based on all homes sold in the last 12 months
Insight
Homes in East Lansing have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in East Lansing was $304,000 in December 2024, up 8.6% from last year, and the median price per square foot was $160.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Bath Charter Township | $323.7K | $376K | +16.2% |
| Okemos | $350K | $394.7K | +12.8% |
| Meridian Charter Township | $299.7K | $330.2K | +10.2% |
| Lansing Charter Township | $141.7K | $154.9K | +9.3% |
| East Lansing | $279.9K | $304K | +8.6% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $110K | $102K | -7.3% |
| 22 Bedrooms | $181.6K | $205K | +12.9% |
| 33 Bedrooms | $275K | $292K | +6.2% |
| 44 Bedrooms | $355K | $361K | +1.7% |
| 55+ Bedrooms | $472.5K | $545K | +15.3% |
Summary: East Lansing housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -7.3%. The home price for 2 bedroom homes increased by +12.9%. The home price for 3 bedroom homes increased by +6.2%. The home price for 4 bedroom homes increased by +1.7%. The home price for 5 bedroom homes increased by +15.3%.
Housing supply in East Lansing, MI
How many homes are available in East Lansing, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 112Last MonthDec 2024 | ||
| 1202 months agoNov 2024 | -6.7 % Change MoMNov – Dec |
Summary: The East Lansing real estate market had 112 homes for sale in Dec 2024, a 6.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 35Last MonthDec 2024 | ||
| 252 months agoNov 2024 | +40.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 3 | -25.0% |
| 22 Bedrooms | 28 | 27 | -3.6% |
| 33 Bedrooms | 41 | 40 | -2.4% |
| 44 Bedrooms | 28 | 27 | -3.6% |
| 55+ Bedrooms | 19 | 15 | -21.1% |
Summary: East Lansing housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes decreased by -3.6%. The inventory for 3 bedroom homes decreased by -2.4%. The inventory for 4 bedroom homes decreased by -3.6%. The inventory for 5 bedroom homes decreased by -21.1%.
Asking Price vs. Sold Price
How much do homes in East Lansing, MI cost?
Over Asking Price7 Homes
At Asking Price7 Homes
Under Asking Price21 Homes
Insight
If you're buying a home in East Lansing, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in East Lansing in December 2024, up by 40.0% month-over-month. Of the 35 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.
Days on Market for East Lansing, MI
How long does it take to sell a home in East Lansing, MI?
Breakdown of Home Sale Times
Under 30 Days16 Homes
30 – 90 Days14 Homes
Over 90 Days4 Homes
Insight
Many homes in East Lansing are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 35 homes were sold in East Lansing; 46% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 40 DaysThis YearDec 2024 | ||
| 18 Days1 year agoDec 2023 | +121.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in East Lansing had an average listing age of 40 days in Dec 2024, up by 121.6% compared to the previous year.
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Newest Listings in East Lansing, MI
What homes are available in East Lansing, MI?
New - 1 day on Rocket
$4,155 Closing Credit¹
Kendall Kalat, Listing Office: Five Star Real Estate - Lansing
New - 2 days on Rocket
$3,977 Closing Credit¹
HBB Realtors, Listing Office: RE/MAX Real Estate Professionals
New - 2 days on Rocket
$4,263 Closing Credit¹
Deborah Federau, Listing Office: Keller Williams Realty Lansing-East
New - 3 days on Rocket
$9,677 Closing Credit¹
Gerald S Fedewa, Listing Office: G. S. Fedewa Builders
New - 3 days on Rocket3D tour
$2,611 Closing Credit¹
Jeff Burke, Listing Office: Keller Williams Realty Lansing-East
Backup offers
$2,730 Closing Credit¹
Morgan Meredith, Listing Office: Keller Williams Realty Lansing-East
Backup offers
$5,224 Closing Credit¹
Megan Busque, Listing Office: RE/MAX Real Estate Professionals
$6,234 Closing Credit¹
Sonya Pentecost, Associate Broker, Listing Office: Berkshire Hathaway HomeServices Tomie Raines
$3,788 Closing Credit¹
Norbert Hubert, Listing Office: Berkshire Hathaway HomeServices Kee Realty
Backup offers
$4,036 Closing Credit¹
Janet Munn, Listing Office: Berkshire Hathaway HomeServices Tomie Raines
$4,928 Closing Credit¹
Renee D DeKroub, Listing Office: RE/MAX Platinum
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MLS Disclaimers and Copyright
Based on information from Greater Lansing MLS, and RealComp II Ltd. for the period 01/01/2023 - 01/01/2025
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.Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 6:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/19/2025, 6:21:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.