Home prices in the Lansing area are decreasing and houses are staying on the market longer, potentially creating better opportunities for buyers who have been priced out of the market.
- The tri-county average home price has dropped to $266,000, which is lower than this time last year.
- Lansing currently offers the most affordable homes in the area, with prices starting around $100,000 and mortgage payments under $1,000 per month.
- Local realtors say buyers have finally pushed back against continuously rising prices, leading to price reductions across the region.
WATCH: Mid-Michigan housing market shifts in favor of buyers as summer ends
Lansing homes available for under $100,000 as market shifts
After months of a seller’s market that left many potential homebuyers feeling hopeless, the Mid-Michigan housing market is showing signs of a shift.
“We’re starting to see houses sit on the market a little longer,” said Robert Dowding, a realtor with Keller Williams.
This change comes after a prolonged period where buyers struggled to find affordable options. Last year, many residents expressed frustration with the housing market conditions…