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Foreclosure Homes in South Lyon, MI

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South Lyon, MI Foreclosures

Current Market Conditions in in South Lyon, MI As of April 2026?
Over the past month, South Lyon's real estate market has experienced a slight uptick in home sales, suggesting a vibrant market as buyers are eager to secure properties before the winter months. The average days on the market have decreased, reflecting competitive bidding situations and a growing interest in the community. However, prices have remained relatively stable, indicating a healthy balance between supply and demand.
How much do homes sell for in South Lyon, MI?
The average home price is currently $520,256.
In South Lyon, MI, how many homes are available?
There are currently 35 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 $6,649,755.
What is currently the cheapest priced home in South Lyon, MI?
The cheapest home for sale in South Lyon is priced at $16,342.

Living in South Lyon, MI

South Lyon, Michigan, is a vibrant community that combines small-town charm with modern amenities. With a focus on family and community, South Lyon features excellent schools, numerous parks, and recreational activities. The downtown area is home to a variety of local shops and restaurants, fostering a strong local economy and social environment.

Buyer vs Seller Market in South Lyon, MI

The real estate market in South Lyon has seen a steady increase in home values due to high demand and limited inventory. With its appealing suburban lifestyle and good schools, many families are looking to settle in the area, driving up prices.

In recent months, the city has witnessed a notable increase in real estate activity, with new listings and a significant number of homes being sold in quick succession.

Home Value Estimator For South Lyon, MI

There are currently 13,692 real estate properties in South Lyon, MI, with a median automated valuation model (AVM) price of $506,800.00. 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 $520,256.00, with the most expensive house in South Lyon, MI, topping out at $6,649,755.00 and the cheapest home in South Lyon, MI, clocking in at $16,342.00. 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.

South Lyon, MI Foreclosures

Market Trend for South Lyon, MI

Total Listings Available: 35

Market Values:

Home Prices from $16,342 to $6,649,755

Average Sales Price: $520,256

Rental Values:

Rental from $530 to $2,920

Average Rent Value: $1,926 / month

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