South Lyon, MI Foreclosures
How much do homes sell for in South Lyon, MI?
The average home price is currently $528,150.
In South Lyon, MI, how many homes are available?
There are currently 30 active home listings available in South Lyon.
What’s the average rental cost in South Lyon, MI?
The average rental price in South Lyon is $1,926.
What is the most expensive home in South Lyon?
The most expensive home sold in South Lyon had a price of $6,810,390.
What is currently the cheapest priced home in South Lyon, MI?
The cheapest home for sale in South Lyon is priced at $15,541.
Living in South Lyon, MI
South Lyon, Michigan, offers a quaint suburban lifestyle with a strong sense of community. The city is home to beautiful parks, quality schools, and a thriving downtown area, making it an ideal place for families. With easy access to major highways, residents enjoy a convenient commute to nearby metropolitan areas.
Current Market Conditions in South Lyon, MI
The real estate market in South Lyon is currently experiencing a steady demand, with an increase in home sales over the past few months. There has been a notable influx of new residents attracted by the city's family-friendly atmosphere and robust community amenities. Buyers are particularly interested in single-family homes, townhouses, and properties with larger yards, which are limited in supply.
As South Lyon continues to grow, housing prices have seen a gradual increase, but they remain relatively affordable compared to neighboring cities. The combination of good schools, parks, and a welcoming community environment contributes to maintaining a healthy market for both buyers and sellers.
Home Value Estimator For South Lyon, MI
There are currently 13,697 real estate properties
in South Lyon, MI,
with a median automated valuation model (AVM) price
of $514,516.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in South Lyon, 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 South Lyon, MI,
is $528,150.00, with the most expensive house
in South Lyon, MI, topping out
at $6,810,390.00 and the cheapest home
in South Lyon, MI,
clocking in at $15,541.00. In other words, there’s
something for every potential homebuyer
or savvy investor in South Lyon, MI!
Rent Prices
In South Lyon, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in South Lyon, MI, is on
a rollercoaster ride. The
average rent price in South Lyon, MI,
is $1,926.00. Indeed, when looking to rent in
South Lyon, MI, you can expect to pay as little
as $530.00 or as much
as $2,920.00,
with the average rent median estimated to
be $2,020.00. The good news is that finding
an affordable and desirable property to rent in South Lyon, 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.
Learn more on Foreclosure homes
