South Lyon, MI Housing Market & Real Estate Update (March 3, 2026)
South Lyon, MI – March 3, 2026 – Redfin’s January 2026 snapshot cites a $290K median sale price (+1.8% YoY) with longer days on market, while Zillow shows about 147 active listi…
Top takeaways
- Closed-sale pricing is holding near $290K, but homes are taking longer to move than a year ago.
- Active listings look plentiful for early spring, giving buyers more selection than typical.
- Rent trackers show average apartment rents around $1,305, slightly lower year over year.
Market snapshot
South Lyon, MI remains competitive, but recent monthly metrics point to slower turn times compared with last year. Redfin’s January 2026 data cites a $290K median sale price (+1.8% YoY), about 39 median days on market, and 7 homes sold.
What’s for sale (and what buyers are seeing)
- Zillow’s city search showed about 147 active results, spanning condos through larger-lot properties.
- New construction options are appearing around the mid-$400Ks to mid-$500Ks range.
- Move-in-ready single-family homes commonly cluster from the high-$300Ks into the $600Ks, depending on size and lot.
In a market like this, attention often turns to how quickly homes are getting showings and whether price cuts or multiple offers are showing up more frequently. Which pattern is standing out most right now: price reductions, bidding pressure, or longer showing cycles?