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Short Sale Listings in East Lansing, MI 48824

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East Lansing, MI Foreclosures

How much do homes sell for in East Lansing, MI?
The average home price is currently $350,280.
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 $12,826,059.
What is currently the cheapest priced home in East Lansing, MI?
The cheapest home for sale in East Lansing is priced at $18,600.

Living in East Lansing, MI

East Lansing, MI is a charming college town filled with culture and activities thanks to its proximity to Michigan State University. With a mix of apartments, single-family homes, and vibrant neighborhoods, it caters to both students and families. The city's parks and outdoor spaces provide ample opportunities for recreation and leisure.

Current Market Conditions in East Lansing, MI

The East Lansing real estate market has displayed resilience and adaptability over the past year, with steady demand for housing driven by its strong rental market catering to students and faculty from Michigan State University.

There has been a gradual increase in home prices, reflecting the area's desirability, as young families and professionals seek housing near the university and local amenities. Typically, homes sell quickly, indicating a competitive market.

Home Value Estimator For East Lansing, MI

There are currently 11,479 real estate properties in East Lansing, MI, with a median automated valuation model (AVM) price of $323,064.00. 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 $350,280.00, with the most expensive house in East Lansing, MI, topping out at $12,826,059.00 and the cheapest home in East Lansing, MI, clocking in at $18,600.00. 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.

East Lansing, MI 48824 Short Sale Listings


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