Derek Bauer (734) 678-4745

South Lyon, MI 48178

Single-Family Homes

Real Estate One - Brighton | https://BauerRealtySolutions.com


South Lyon, MI 48178

Wed May 20 2026
This week the median list price for South Lyon, MI 48178 is $632,450 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has increased to 52. Click here to stay informed with the South Lyon market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

South Lyon, MI 48178

Wed May 20 2026
This week the median list price for South Lyon, MI 48178 is $632,450 with the market action index hovering around 45. This is an increase over last month's market action index of 41. Inventory has increased to 52. Click here to stay informed with the South Lyon market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the South Lyon market.
Median List Price $632,450
Median Price of New Listings $689,900
Per Square Foot $234
Average Days on Market 72
Median Days on Market 42
Price Decreased 25%
Price Increased 8%
Relisted 10%
Inventory 52
Median Rent
Market Action 45
Strong Seller's Market

You can see that prices in this zip code have been upward in the last few weeks and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,299,000 3,577 0.5 - 1 acre 4 3.5 6 1 2 42
$745,990 3,172 0.25 - 0.5 acre 4 3 0 3 3 84
$599,900 2,400 0.25 - 0.5 acre 4 2.5 10 2 3 42
$374,900 2,018 0.25 - 0.5 acre 4 2 54 1 4 35