South Lyon, MI Real Estate & Property Data

South Lyon Real Estate Market Trends
Last Updated: April 27, 2024

Accurate and comprehensive real estate data is critical for insight into South Lyon, MI. ATTOM’s South Lyon real estate data is updated daily, and current market trends show that in South Lyon, MI a total of 469 residential properties have sold over the past year. With a median home price of $406,000 in South Lyon and a total of 2 foreclosures. Get detailed property data for South Lyon, MI instantly. ATTOM is your one-stop-shop for the South Lyon property reports and real estate data you need in South Lyon, MI.

South Lyon Real Estate Market Trends
Total Residential Properties 12,551
Total Commercial Properties 313
Avg. Home Age (Single Family Home) 41 Years
Avg. Square Feet (Single Family Home) 2,070
Total 2024 Residential Sales (year-to-date) 53
% of Homes Seriously Underwater (Q2 2024) 0.95%
Total 2023 Residential Sales 443
% of Equity Rich Homes (Q2 2024) 46.29%
Effective 2023 Property Tax 0.94%
Total Foreclosure Filings (year-to-date) 3
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South Lyon, MI Real Estate Overview

There were 469 residential properties sold in the past year in South Lyon, MI. The median home value in South Lyon, MI is $469,280. There are a total of 12,551 residential properties in the South Lyon.

Median Sales Price i
$406,000
(Feb 2024)
+16%
year-over-year
y-o-y
  • February '24 Feb '24 $406,000
  • January '24 Jan '24 $380,500
  • December '23 Dec '23 $395,000
  • November '23 Nov '23 $435,000
  • October '23 Oct '23 $307,400
  • September '23 Sep '23 $495,000
  • August '23 Aug '23 $375,000
  • July '23 Jul '23 $560,000
  • June '23 Jun '23 $453,500
  • May '23 May '23 $295,000
  • April '23 Apr '23 $366,000
  • March '23 Mar '23 $420,000
Median Down Payment i
$75,000
(Feb 2024)
+119.3%
year-over-year
y-o-y
  • February '24 Feb '24 $75,000
  • January '24 Jan '24 $60,875
  • December '23 Dec '23 $78,000
  • November '23 Nov '23 $84,800
  • October '23 Oct '23 $43,985
  • September '23 Sep '23 $43,925
  • August '23 Aug '23 $75,000
  • July '23 Jul '23 $149,125
  • June '23 Jun '23 $96,250
  • May '23 May '23 $65,000
  • April '23 Apr '23 $65,375
  • March '23 Mar '23 $50,000
Number of Homes Sold i
25
(Feb 2024)
+13.6%
year-over-year
y-o-y
  • February '24 Feb '24 25
  • January '24 Jan '24 28
  • December '23 Dec '23 36
  • November '23 Nov '23 36
  • October '23 Oct '23 37
  • September '23 Sep '23 37
  • August '23 Aug '23 41
  • July '23 Jul '23 46
  • June '23 Jun '23 58
  • May '23 May '23 37
  • April '23 Apr '23 35
  • March '23 Mar '23 31
Number of Purchase Loans i
26
(Feb 2024)
+23.8%
year-over-year
y-o-y
  • February '24 Feb '24 26
  • January '24 Jan '24 24
  • December '23 Dec '23 41
  • November '23 Nov '23 29
  • October '23 Oct '23 31
  • September '23 Sep '23 29
  • August '23 Aug '23 28
  • July '23 Jul '23 37
  • June '23 Jun '23 35
  • May '23 May '23 27
  • April '23 Apr '23 37
  • March '23 Mar '23 42
Number of REFI Loans i
23
(Feb 2024)
+53.3%
year-over-year
y-o-y
  • February '24 Feb '24 23
  • January '24 Jan '24 19
  • December '23 Dec '23 16
  • November '23 Nov '23 21
  • October '23 Oct '23 27
  • September '23 Sep '23 18
  • August '23 Aug '23 23
  • July '23 Jul '23 28
  • June '23 Jun '23 27
  • May '23 May '23 33
  • April '23 Apr '23 21
  • March '23 Mar '23 20
Number of HELOC Loans i
13
(Feb 2024)
+8.3%
year-over-year
y-o-y
  • February '24 Feb '24 13
  • January '24 Jan '24 16
  • December '23 Dec '23 16
  • November '23 Nov '23 20
  • October '23 Oct '23 21
  • September '23 Sep '23 21
  • August '23 Aug '23 19
  • July '23 Jul '23 22
  • June '23 Jun '23 13
  • May '23 May '23 27
  • April '23 Apr '23 15
  • March '23 Mar '23 24

South Lyon, MI Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value

South Lyon, MI Foreclosure Activity

There were a total of 2 South Lyon, MI properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 1
  • July '23 Jul '23 1
  • June '23 Jun '23 5
  • May '23 May '23 1
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Foreclosure Starts i
2
(Feb 2024)
+100%
year-over-year
y-o-y
  • February '24 Feb '24 2
  • January '24 Jan '24 1
  • December '23 Dec '23 1
  • November '23 Nov '23 3
  • October '23 Oct '23 2
  • September '23 Sep '23 3
  • August '23 Aug '23 1
  • July '23 Jul '23 1
  • June '23 Jun '23 5
  • May '23 May '23 1
  • April '23 Apr '23 1
  • March '23 Mar '23 3
Completed Foreclosures (REOs) i
  • February '24 Feb '24 N/A
  • January '24 Jan '24 N/A
  • December '23 Dec '23 N/A
  • November '23 Nov '23 N/A
  • October '23 Oct '23 N/A
  • September '23 Sep '23 N/A
  • August '23 Aug '23 N/A
  • July '23 Jul '23 N/A
  • June '23 Jun '23 N/A
  • May '23 May '23 N/A
  • April '23 Apr '23 N/A
  • March '23 Mar '23 N/A
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