East Lansing, MI Foreclosures
How much do homes sell for in East Lansing, MI?
The average home price is currently $351,444.
What’s the average rental cost in East Lansing, MI?
The average rental price in East Lansing is $1,636.
What is the most expensive home in East Lansing?
The most expensive home sold in East Lansing had a price of $12,815,270.
What is currently the cheapest priced home in East Lansing, MI?
The cheapest home for sale in East Lansing is priced at $19,000.
Living in East Lansing, MI
East Lansing, Michigan, is a dynamic city characterized by its youthful energy and strong educational presence thanks to Michigan State University. It offers a blend of cultural attractions, beautiful parks, and a supportive community for residents. With a diverse range of amenities and strong public transportation options, it's a desirable location for families and students alike.
Current Market Conditions in East Lansing, MI
The East Lansing real estate market is currently experiencing a steady demand for housing, particularly driven by the influx of students each academic year. The presence of MSU continues to create a vibrant rental market, with homes often seeing relatively quick sales and rentals, particularly in proximity to the campus.
In recent months, buyer competition has increased, leading to a slight uptick in median home prices. This is accompanied by concerns regarding inventory levels, which have remained relatively low when compared to the demand, pushing prices upward.
Real estate investors are particularly targeting single-family homes and rental properties, capitalizing on the steady demand from the student population.
Home Value Estimator For East Lansing, MI
There are currently 11,478 real estate properties
in East Lansing, MI,
with a median automated valuation model (AVM) price
of $322,292.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in East Lansing, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in East Lansing, MI,
is $351,444.00, with the most expensive house
in East Lansing, MI, topping out
at $12,815,270.00 and the cheapest home
in East Lansing, MI,
clocking in at $19,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in East Lansing, MI!
Rent Prices
In East Lansing, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in East Lansing, MI, is on
a rollercoaster ride. The
average rent price in East Lansing, MI,
is $1,636.00. Indeed, when looking to rent in
East Lansing, MI, you can expect to pay as little
as $740.00 or as much
as $3,720.00,
with the average rent median estimated to
be $1,600.00. The good news is that finding
an affordable and desirable property to rent in East Lansing, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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