The Downtown Lansing housing market is somewhat competitive. The median sale price of a home in Downtown Lansing was $92K last month, down 32.8% since last year. The median sale price per square foot in Downtown Lansing is $98, up 21.0% since last year.
What is the housing market like in Downtown Lansing today?
In March 2024, Downtown Lansing home prices were down 32.8% compared to last year, selling for a median price of $92K. On average, homes in Downtown Lansing sell after 76 days on the market compared to 16 days last year. There were 6 homes sold in March this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$92,000
-32.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Lansing, MI
$92,000
-32.8%
United States
To compare other locations to the Downtown Lansing and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lansing add value to a home.
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How hot is the Downtown Lansing housing market?
Downtown Lansing is somewhat competitive. Homes sell in 50.5 days.
0
100
52
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 51 days.
Hot homes
can sell for around list price and go pending in around 22 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
94.0%
-4.2 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Lansing, MI
94.0%
-4.2 pt
United States
Home offer insights for Downtown Lansing
Explore recent offers and recently sold homes in Downtown Lansing
Recent offers
View houses in Downtown Lansing that sold recently
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Downtown Lansing housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Lansing.
Risk Factor
Flood Factor - Major
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Lansing has a major risk of flooding. 105 properties in Downtown Lansing are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Downtown Lansing. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Lansing has a minor risk of wildfire. There are 4 properties in Downtown Lansing that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Downtown Lansing.
Downtown Lansing has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Lansing has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
62% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Downtown Lansing has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 62% of homes in Downtown Lansing have a Moderate Heat Factor®.
Downtown Lansing is expected to see a 128% increase in the number of days over 96ºF over the next 30 years. Downtown Lansing is expected to experience 7