Cheap Homes for Sale in South Lyon, MI

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South Lyon, MI Housing Market Overview

South Lyon is moving fast, and is a seller's market. Just 3.2 months of supply and 35 days on the market mean less competition for buyers and more leverage for you.

Status

Seller's Market

Days on Market

35

Inventory

79

Aug 2021Mar 2024Mar 2026

Median Home Price

$370,000Up 1.35%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
79 Up 0.60%
Newly Listed Homes
32 Up 0.88%
Months of Supply
3.2 Down 1.10%

Housing Demand

Homes Sold
15 Up 1.00%
Sale-to-List Ratio
96.4% Down 2.52%
Homes Sold Above List
6.7% Down 21.90%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full South Lyon Market Report
  • mls-imgIDX Logo
    Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Sep 16, 2026, 8:45 PM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. ​© 2024 Realcomp II Ltd. MLS. All Rights Reserved.
  • mls-imgIDX Logo
    Based on information from MiRealSource through Sep 16, 2026, 8:45 PM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2026 MiRealSource. All Rights Reserved.

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South Lyon, MI Housing Marketlink qauare
Homes Available icon

79

Homes Available

Median List Price icon

$ 370,000

Median List Price

Avg on Market icon

35 Days

Avg on Market

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