South Lyon, MI Housing Market 2026: Median Home Price, Last 12 Months

South Lyon produces a steady stream of closings but little consensus: sales over the last 12 months span a range wide enough that the median is a midpoint between different markets, not a going rate. The distribution below matters more than the headline.

The snapshot

• •Closings tracked, last 12 months: 273
• •Median sold price, last 12 months: $285,000
• •Median sold $/sqft, last 12 months: $162
• •Middle half of sales closed between: $163,000 and $425,000

What the numbers say

Resideline tracked 273 closed sales in South Lyon over the last 12 months, with a median closing price of $285,000. That median is the midpoint of what buyers actually paid, not what sellers hoped to get, which is why it moves differently from the asking prices you see on listing sites. The middle half of those sales closed between $163,000 and $425,000. That spread matters more than the headline median: where a specific property sits inside it decides whether the citywide number helps you or misleads you. These are the closings Resideline tracks and may differ from complete county or municipal records. Across the 273 closings with usable living area, the middle half sold between $128 and $202 per square foot.

Figures last updated August 22, 2026 from closings Resideline tracked.

Median home price in South Lyon, MI (August 2026)

The median home price in South Lyon is $285,000, measured across the 273 closed sales Resideline tracked over the last 12 months. The middle half of those sales closed between $163,000 and $425,000.

Where South Lyon sale prices land

Medians hide the shape of a market. The distribution above covers the closed sales Resideline tracked in South Lyon over the last 12 months, trimmed to the 5th through 95th percentile, with the middle half of sales closing between $163,000 and $425,000. Where your target property sits inside that spread matters more than the citywide median.

How long a sale takes here

• •Listed to under contract: a median of 16 days, across 184 South Lyon closings Resideline tracked in the last 12 months
• •Contract to closing: a median of 20 days, across 192 South Lyon closings Resideline tracked in the last 12 months

The South Lyon angle

A band running from $163,000 to $425,000 this wide tells you that the citywide median is a weak anchor for a specific South Lyon address. $285,000 summarises the record, but it does not describe the house you are looking at, and the gap between the ends of the band is broader here than in most markets we track. What helps is volume. 273 closings is a solid base, so the right move is to stop leaning on the citywide figure and build a comp set that matches on type, size and condition. Depth is what lets you be strict without running out of sales.

From market read to offer price

A spread this wide means the citywide number cannot price a specific address; the step that matters is the property-level read. The decision still comes down to one property and one number: what it is actually worth and what you should pay. Every Resideline report opens with this same market snapshot for the subject's exact ZIP code, then gives you the property's value, the sold comps behind it, and a market rent estimate. Pricing a specific deal? The free ARV calculator and rental property calculator run the numbers in about a minute.

And we show our work. Every estimate is frozen while the home is for sale and graded against the real closing price after it sells. As of August 2026, the public scoreboard showed 3.26% median error across 11,465+ graded closings. See the live accuracy dashboard for the receipts, or read how the Area Market Snapshot works.

Run any South Lyon address through Resideline and you will see the local market and the property's value together, in one report.

Cite this

Using these numbers? Please cite the source and the sample size:

Source: Resideline Market Watch
Market: South Lyon, MI
Data updated: August 2026
Analysis period: last 12 months
Tracked closings: 273
Median sold price: $285,000
Median sold $/sqft: $162 (273 qualifying)
https://resideline.com/blog/south-lyon-mi-housing-market

The local market statistics in this report are calculated from closed sales tracked by Resideline. Transaction coverage may differ from complete county or municipal records.

Every local market figure on this page is computed from closed sales Resideline tracked in South Lyon over the last 12 months, and is refreshed when the data is. The closings we track inside the city limits are not limited to listing-service sales: they also include foreclosure deeds, estate and family transfers, and other off-market sales that portal medians exclude, which is why 15% of the 273 closings in this window never appeared on a listing service, and the median of MLS-listed sales alone was $290,000.