Richard Child Real Estate Agent

Home
United States
Lansing, MI
Richard Child Real Estate Agent

Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Richard Child Real Estate Agent, Estate agent, 6427 Centruion Drive, Suite 160, Lansing, MI.

12/07/2025

The Greater Lansing home market is starting to slow and conditions are beginning to be become more favorable for buyers. The median home selling price was $233,500, unchanged from one year ago. This is the first month with no inflation in home prices in many years, though one month does not mean a trend. The inventory remains low with only two months of supply, but this is better than an inventory of one month of less which was the case a few years ago. The median days on the market was 23 days, up from 14 days one year ago, another sign the market is tilting slightly toward buyers. If mortgage interest rates fall into the 5% or lower range in 2026, which some economists predict, we will see a more balanced market with neither the sellers nor the buyers dominating.

10/25/2025

Sunday November 2, 9457 Hollister in Laingsburg, priced at $299,900, will be open from 1:30 pm to 3:30 pm. There will be a random drawing for five $25 VISA gift cards with the first five names drawn each receiving a card. These cards can be used anywhere that accepts VISA credit cards. There will be a lender there, Steve Nardin from Guild Mortgage, with information on some exciting new down payment assistance programs. The house is move-in ready and, in many ways, shows like a new home. One acre private and level lot with parking for RVs, boats, etc. Oversize 2.5 car attached garage has space for a workshop with a 220 volt outlet for machine tools. Inside is spectacular with first floor primary suite and laundry. Nearly new high quality stainless steel gas stove and side-by-side refrigerator grace the island kitchen that is open to the living room and dining room. Four generous sized bedrooms and two full baths. There is also a builder-finished bonus space in the basement that could be a child's play area, office, home gym, media room., etc.. Nature views and quiet street. This can be your dream home.

10/07/2025

September results from the Greater Lansing Association of Realtors point to more of the same. We finally have more than a 2 month supply of homes for sale for the first time in many years with 2.32 months of inventory vs. 1.77 months one year ago. A normal or balanced market would mean a six month supply. The median sales price is back to a double-digit percentage increase with September 2025 's median sales price at $255,000 vs.$228,500 one year ago, an 11.6% increase. Median days on the market are continuing to slowly rise to 13 days in September vs. 11 days in September of 2024. The Greater Lansing market continues to defy national treads which show significantly increasing inventory and only modest percentage price increases compared to last year.

10/02/2025

Open this Sunday, October 12, 1:30 pm to 3:30 pm. 9457 Hollister, Laingsburg, just off Round Lake Road. $299,900. Four beds, 2 full baths, neutral decor, newer stainless steel gas stove and refrigerator, first floor primary suite with laundry conveniently behind,1 acre private lot, oversize 2.5 car garage with 220 volt service for power tools and bonus room in basement for office, children's play space, home gym, etc.

09/02/2025

Greater Lansing is still a Seller's market in August 2025. New listings were down more than 20% compared to August one year ago. The supply of homes for sale increased to 1.94 months from 1. 68 months a year ago, but still far below a 6 month supply which is a normal or balanced market. The median selling price increased by more than 11% to $260,000 from $232,500 a year ago. Mortgage interest rates dropped slightly, but are still around 6.5%, and this continues to slow the number of listings. Some big cities report a Buyer's market, but there are no signs of one in Greater Lansing.

08/03/2025

July home sales for Greater Lansing resulted in a median sale price of $250,000 compared to $235,000 one year ago today. Home prices are still rising, but at the rate of 5% to 6%, which is a much slower rate than the double-digit price increases we experienced for several years. Home mortgage rates remain near 7% which continues to slow the housing market considerably. The supply of homes edged up to 1.7 months from 1.5 months one year ago. The median days on the market is virtually unchanged at 8 days vs. 7 days a year ago.

07/03/2025

June results for the Greater Lansing housing market are mostly more of the same. We are still working with low levels of homes for sale with 1.6 months available in June 2025 vs. 1.4 months one year ago. The median home sale price was $265,000 compared to $250,000 one year ago, a 6 % increase. The median days on the market is 7 now vs. 5 days in June 2024. Nationwide, some of the larger cities are experiencing more sellers than buyers, but Greater Lansing is still a Seller's market. A normal or balanced market is a six month supply of homes for sale, but Greater Lansing has been averaging a 1 to 1.5 month supply for many years. Interest rates are still relatively unchanged at slightly less than 7%. The only good news is that the increases in home prices are growing at a much lower rate, but home prices are still increasing.

05/31/2025

May 2025 results for the Greater Lansing home sales market indicate a drop in the median sales price from $246,425 in May 2024 to $230,100, a 6.6% decline, However, the supply of homes for sale remained relatively unchanged at 1.4 months currently vs. 1.2 months one year ago. A balanced market would have a 6 month supply of homes for sale. The median days on the market is unchanged from last year at 6 days. On the national level, many larger cities are seeing a buyer's market for the first time in many years, with the number of sellers significantly exceeding the number of buyers. In Lansing, we are starting to see homes sell below the listing price, although it's too soon to tell if this will continue.

05/05/2025

The April 2025 median home sale price in Greater Lansing was up 4.2% at $230,000 compared to $220,750 April 2024. The median days on the market rose slightly in April to 10 vs. 7 days a year ago. The supply of homes for sale increased a bit to 1.31. months vs. 1.22 months in April 2024. Actual homes sold in April totaled 437 compared to 484 homes in April 2024, a drop of 5.2%. Greater Lansing continues to lag behind the national trend of more inventory of homes for sale and increasing home sales. One possible reason is that our population is stagnant.

04/01/2025

March 2025 home sales in Greater Lansing surprisingly showed a price decrease in the median sale price to $214,700 from $223,790 in the month of March 2024, a drop of 4%. This could be good news for buyers who have faced rising home prices for roughly ten years. The supply of homes for sale remained extremely low with 1.3 months of inventory vs. 1.21 months one year ago. A normal or balanced market consists of a 6 month supply. The median days on the market increased to 15 days from 8 days one year ago. However, this improvement is somewhat misleading. Move in ready homes priced between $150,000 and $300,000 are still selling in a matter of a few days, often with multiple offers above the listing price. The average 30 year mortgage interest rate is still around 6.8%, which, though down from the peak of 7.75%, is still too high to tempt existing home owners to sell unless a job change or other personal circumstance forces them to do so.

03/03/2025

A shortage of homes for sale continues to be the defining characteristic of the Greater Lansing home market. The supply of homes for sale inched up from 1.16 months in February last year to 1.32 months in February, 2025. In comparison, a normal or balanced market consists of a 6 month supply. The median sales price at the end of February 2025 was $223,500, up 5.6% from $211,500, which was the median home sale price in February 2024. The cumulative median days on the market increased significantly to 28 days compared to 16 days one year ago. Thirty year conventional mortgage rates continue to be slightly less than 7%, making it unattractive for discretionary sellers to sell their current homes, which likely have roughly a 3% mortgage rate. Clearly, a dramatic drop in 30 year mortgage rates is needed, but there is no short term solution available.

01/31/2025

According to the Greater Lansing Association of Realtors (GLAR), the median sales price for residential homes in our area rose to $230,000 for the calendar year 2024 vs. $211,000 for calendar 2023.
The supply of homes for sale in 2024 improved slightly to 1.46 months vs. 1.27 months for 2023. A normal or balanced market consists of a 6 month supply, so our area and the U.S. in general continue to experience a shortage of homes for sale. This shortage is likely to continue until there is a significant decline in 30 year fixed mortgage interest rates, which are currently between 6.5% and 7% locally and slightly under 7% nationally. The median days on the market before selling was unchanged at 9 days for both 2024 and 2023.

Address

6427 Centruion Drive, Suite 160
Lansing, MI
48917

Telephone

+15174891606

Website

https://richchild.nexthomereality.com/

Alerts

Be the first to know and let us send you an email when Richard Child Real Estate Agent posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Want your business to be the top-listed Realtor/realty Service in Lansing?