How much does it cost to buy a house in South Lyon, MI?

In May 2026 South Lyon homes were listed to buy for a median price of $553K, The median value of a home listed to buy in South Lyon in May 2026 was $199 per sqft, which is a 4% decrease to April 2025 last month, and a 3% decrease to May 2025 last year.

Is it affordable or expensive to live in South Lyon, MI?

It is expensive to live in South Lyon. Buying a home in South Lyon is 1% more expensive compared with the national average.

Is it a good time to buy property in South Lyon, MI?

Yes now is a good time to buy property in South Lyon, in May 2026, homes in South Lyon have decreased in value (price per sqft) by 3% in the last year compared with May 2025.

Is the South Lyon, MI housing market slowing down?

The housing market in South Lyon is slowing down. In May 2026, homes to buy in South Lyon spent an median 38 days on the market, a 19% decrease from May 2025 last year.

What are the best and safest places to live in South Lyon, MI?

The best and safest neighborhoods to live in South Lyon in May 2026 are North Burns Park, Earhart Village, Downtown South Lyon, Lower Burns Park, Chalmers, North Central, Heritage Ridge Condominiums, Wildwood Park, Downtown Ann Arbor, Glazier Way, Newport West Condominiums, Downtown Wixom, Foxfire Condominiums, Woodbury Park, Coventry Gardens, Downtown Milford, Geddes Lake Condominiums, Broadway, River House Condominiums, Chapel Hill Condominiums

How much money should I make to buy a house in South Lyon, MI?

In May 2026, South Lyon homes were listed to buy for a median price of $553K, with 25% down you would need $3.46K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $118K.

Is it a good time to sell my house in South Lyon, MI?

Yes now is a good time to sell your house in South Lyon, in May 2026, homes in South Lyon have decreased in value (price per sqft) by 3% in the last year compared with May 2025.

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South Lyon, MI Real Estate Snapshot

List Price

$543,000

$/Sqft

$196

Homes For Sale

129

Home Size

2,322 Sqft

Days on Movoto

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South Lyon, MI Real Estate Snapshot

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