Housing in South Lyon, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$290,000
Median List Price
$389,900
Price Per Sq Ft
$173
Days on Market
39
Active Inventory
44
Months of Supply
6.3
Buyer's market
Zillow Home Value
$453,980
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
28.6%
Off Market in 2 Weeks
18.8%
Sale-to-List Ratio
97.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
7
New Listings
17
Pending Sales
16
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$173
Median List $/SF
$196
South Lyon vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. South Lyon is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$280,900
Median Rent
$1,208
Total Housing Units
5,201
Vacancy Rate
3.2%
Owner Occupied
79.6%
Renter Occupied
20.4%
Median Property Tax
$3,809
per year
Monthly Cost (w/ Mortgage)
$1,342
Housing Types
The current median sale price in South Lyon, MI is $290,000 according to Redfin data. Homes spend a median of 39 days on the market. 28.6% of homes sold above asking price. The market has 6.3 months of supply. The median price per square foot is $173. The median rent is $1,208 per month (Census ACS). About 79.6% of housing units are owner-occupied. The median year homes were built is 1991. There are 5,201 total housing units.