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Multi-family Foreclosures in South Lyon, MI

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South Lyon, MI Foreclosures

How much do homes sell for in South Lyon, MI?
The average home price is currently $516,542.
In South Lyon, MI, how many homes are available?
There are currently 2 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 $7,489,100.
What is currently the cheapest priced home in South Lyon, MI?
The cheapest home for sale in South Lyon is priced at $25,410.

Living in South Lyon, MI

South Lyon, MI, is a quaint city that offers a welcoming community atmosphere with a mix of urban and suburban conveniences. Surrounded by beautiful parks and recreational facilities, it promotes an active lifestyle while maintaining a close-knit community vibe. With great schools, shops, and dining options, South Lyon is an ideal location for families and young professionals alike.

Current Market Conditions in South Lyon, MI

The South Lyon real estate market is currently experiencing steady growth, with an increase in home values as demand rises. Many young families are moving into the area, attracted by good schools and a safe community environment, driving up competition for homes.

Interest rates remain favorable, allowing potential buyers to secure financing for their dream homes. Inventory levels remain relatively low, which further enforces a seller's market in some neighborhoods.

Home Value Estimator For South Lyon, MI

There are currently 11,798 real estate properties in South Lyon, MI, with a median automated valuation model (AVM) price of $501,969.00. 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 $516,542.00, with the most expensive house in South Lyon, MI, topping out at $7,489,100.00 and the cheapest home in South Lyon, MI, clocking in at $25,410.00. 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 Multi-family Homes

Market Trend for South Lyon, MI

Total Listings Available: 2

Market Values:

Home Prices from $25,410 to $7,489,100

Average Sales Price: $516,542

Rental Values:

Rental from $530 to $2,920

Average Rent Value: $1,926 / month

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