Housing Market Report for Lansing, IL

This housing market report uses absorption rates to track supply and demand for Lansing, IL. With 2.7 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: September 20, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

Alissa Traughber
Alissa Traughber
Real Estate Agent

Have questions? Looking to buy or sell? (888) 326-2726

Houses

Hottest Segment 🔥
$150k – $175k

Absorption rate of 1.1, with 0.9 months of inventory.

Coolest Segment ❄️
$375k – $400k

With 12 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$225k – $250k

7 active listings with 27 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2.5 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
0-25k 1 0.2 0 Seller's
25k-50k 1 0
50k-75k 1 0.2 0 Seller's
75k-100k 1 2 0.3 3 Balanced
100k-125k 2 7 0.6 1.7 Seller's
125k-150k 5 11 2 0.4 2.7 Seller's
150k-175k 4 27 5 1.1 0.9 Seller's
175k-200k 14 21 3 0.3 4 Balanced
200k-225k 5 24 4 0.8 1.3 Seller's
225k-250k 7 27 4 0.6 1.6 Seller's
250k-275k 11 12 3 0.2 5.5 Balanced
275k-300k 9 11 1 0.2 4.9 Balanced
300k-325k 3 10 0.6 1.8 Seller's
325k-350k 2 7 0.6 1.7 Seller's
350k-375k 1 4 1 0.7 1.5 Seller's
375k-400k 4 2 2 0.1 12 Buyer's
400k-425k 1 0.2 0 Seller's
425k-450k 1 0

Townhouses

Hottest Segment 🔥
$225k – $250k

Absorption rate of 0.

Most Active
$225k – $250k

1 active listings with 0 sold in the last 6 months.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
225k-250k 1 0
250k-275k 1 0

Condos

Hottest Segment 🔥
$50k – $75k

Absorption rate of 1, with 1 months of inventory.

Coolest Segment ❄️
$125k – $150k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$75k – $100k

3 active listings with 7 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 2.2 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
25k-50k 1 0.2 0 Seller's
50k-75k 1 6 1 1 Seller's
75k-100k 3 7 1 0.4 2.6 Seller's
100k-125k 1 3 0.5 2 Seller's
125k-150k 3 3 1 0.2 6 Balanced
150k-175k 1 2 0.3 3 Balanced
175k-200k 3 1 0.5 0 Seller's

Land

Hottest Segment 🔥
$25k – $50k

Absorption rate of 0.

Coolest Segment ❄️
$175k – $200k

With 0 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$175k – $200k

0 active listings with 1 sold in the last 6 months.

Market Overview
All Segments

With 36 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
25k-50k 3 0
175k-200k 1 0.2 0 Seller's
225k-250k 1 0
300k-325k 1 0
375k-400k 1 0

Neighboring Cities

View cities near Lansing