Updated May 2026 · Redfin · 3-month window
48823 Real Estate Market Update: East Lansing, MI, May 2026
The latest housing-market numbers for ZIP code 48823 in East Lansing, Michigan, for May 2026, from the Redfin Data Center. ZIP-level figures are a rolling three-month window.
| Metric | Value | MoM | YoY |
|---|---|---|---|
| Median sale price | $346K | ▲ +1.6% | ▲ +6.7% |
| Days on market | 30 | ▼ -23.1% | ▲ +15.4% |
| Homes for sale | 111 | ▲ +42.3% | ▲ +7.8% |
| Sale-to-list | 100.1% | ▲ +0.6% | ▼ -0.7% |
| Homes sold | 128 | ▲ +26.7% | ▼ -3.0% |
Figures from the Redfin Data Center ZIP-code tracker (rolling 3-month window, not seasonally adjusted). Verify against your MLS before posting. Not a valuation for a specific home.
What the 48823 numbers say
Prices in East Lansing's 48823 ZIP are still climbing. The median sale price reached $346,250, up 6.7% year over year. Homes here move fast: a typical listing goes under contract in about 30 days, and sellers are getting 100.1% of list price.
Based on 128 recent sales, 48823 is currently an active market.
What this means if you sell in 48823
Use these figures to set expectations early. Lead a listing appointment with the median price and the 30-day pace, show the year-over-year direction, and frame 48823 as an active market. Buyers and sellers trust an agent who knows their exact ZIP, not just the metro average.
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Build the East Lansing post →Frequently asked: the 48823 housing market
- What is the median home price in ZIP 48823 (East Lansing, MI)?
- As of May 2026, the median sale price in ZIP 48823 is $346,250 (+6.7% year over year), per the Redfin Data Center. Figures are a rolling 3-month window for this ZIP code.
- Is ZIP 48823 a buyer's or seller's market right now?
- ZIP 48823 is currently an active market, based on a 100.1% sale-to-list ratio, about 30 days on market for May 2026.
- How long do homes take to sell in ZIP 48823?
- A typical listing in 48823 goes under contract in about 30 days as of May 2026. Always verify against your local MLS before quoting figures to clients.
- Where does this 48823 market data come from?
- All figures come from the Redfin Data Center ZIP-code market tracker, a rolling 3-month window refreshed monthly. LOKAL turns them into a ready-to-post carousel, story and square graphic. LOKAL is not affiliated with Redfin.
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Data: Redfin · Redfin Data Center (ZIP-code market tracker). Figures are a ZIP-level 3-month snapshot, not a valuation for a specific home.