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South Lyon, MI 48178 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
South Lyon, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 5656PendingPending sales: 99
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): $290k$290kSoldMedian sold price (last 6 months): $500k$500k
What homes actually sell for in South Lyon, MI
Distribution of 465 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $205k to $695k
$90k to $211k: 96 sales96sales$90k$211k to $333k: 42 sales$333k to $454k: 60 sales$333k$454k to $576k: 64 sales$576k to $697k: 64 sales$576k$697k to $819k: 48 sales$819k to $940k: 31 sales$819k$940k to $1.06M: 13 salesMedian $500k

What the numbers say

As of October 26, 2026, Resideline is tracking 56 active listings and 9 pending sales in ZIP code 48178. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $289,949, while the median of the 465 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 74 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 465 closed sales tracked by Resideline. The middle half of those sales ranged from $205,000 to $695,000.

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

Resideline is currently tracking 9 pending sales against 56 active listings in 48178, a pending-to-active ratio of 0.16. 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

Full South Lyon, MI housing market report →

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