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South Lyon, MI 48178 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
South Lyon, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 5757PendingPending sales: 88
South Lyon, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $400k$400kSoldMedian sold price (last 6 months): $500k$500k
What homes actually sell for in South Lyon, MI
Distribution of 480 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $205k to $690k
$85k to $209k: 98 sales98sales$85k$209k to $334k: 45 sales$334k to $458k: 63 sales$334k$458k to $582k: 74 sales$582k to $707k: 61 sales$582k$707k to $831k: 60 sales$831k to $956k: 19 sales$831k$956k to $1.08M: 11 salesMedian $500k

What the numbers say

As of September 14, 2026, Resideline is tracking 57 active listings and 8 pending sales in ZIP code 48178. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $400,000, while the median of the 480 closed sales Resideline tracked over the last six months was $499,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48178 for 65 days.

Frequently asked questions

What is the median home price in 48178?

The median closed sale price in South Lyon, MI 48178 was $499,900 over the last six months, based on 480 closed sales tracked by Resideline. The middle half of those sales ranged from $205,000 to $690,000.

Is 48178 a buyer's or seller's market?

Resideline is currently tracking 8 pending sales against 57 active listings in 48178, a pending-to-active ratio of 0.14. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48178 currently looks like a balanced market.

Nearby ZIP code market data

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