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South Lyon, MI Real Estate & Property Data

South Lyon Real Estate Market Trends

Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into South Lyon, MI 48178. ATTOM’s South Lyon real estate data is updated daily, and current market trends show that in South Lyon, MI a total of 457 residential properties have sold over the past year. With a median home price of $425,000 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

Get property data for any address in South Lyon, MI or the country:

Total Residential Properties 13,047

Total Commercial Properties 314

Avg. Home Age (Single Family Home) 42 Years

Avg. Square Feet (Single Family Home) 2,084

Total 2025 Residential Sales (year-to-date) 63

% of Homes Seriously Underwater (Q2 2025) 1.25%

Total 2024 Residential Sales 423

% of Equity Rich Homes (Q2 2025) 44.57%

Effective 2024 Property Tax 1.08%

Total Foreclosure Filings (year-to-date) 2

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South Lyon, MI 48178 Real Estate Overview

There were 457 residential properties sold in the past year in South Lyon, MI 48178. The median home value in South Lyon, MI 48178 is $480,083. There are a total of 13,047 residential properties in the 48178.

Median Sales Price i

$425,000

(Feb 2025)

+12.4%

year-over-year

y-o-y

February '25 Feb '25 $425,000
January '25 Jan '25 $435,000
December '24 Dec '24 $430,000
November '24 Nov '24 $482,000
October '24 Oct '24 $480,000
September '24 Sep '24 $463,500
August '24 Aug '24 $440,000
July '24 Jul '24 $470,000
June '24 Jun '24 $446,000
May '24 May '24 $440,000
April '24 Apr '24 $450,000
March '24 Mar '24 $440,000

Median Down Payment i

$63,400

(Feb 2025)

-15.5%

year-over-year

y-o-y

February '25 Feb '25 $63,400
January '25 Jan '25 $35,115
December '24 Dec '24 $71,000
November '24 Nov '24 $56,250
October '24 Oct '24 $94,000
September '24 Sep '24 $100,000
August '24 Aug '24 $70,900
July '24 Jul '24 $74,000
June '24 Jun '24 $68,000
May '24 May '24 $56,500
April '24 Apr '24 $87,000
March '24 Mar '24 $48,000

Number of Homes Sold i

28

(Feb 2025)

+47.4%

year-over-year

y-o-y

February '25 Feb '25 28
January '25 Jan '25 35
December '24 Dec '24 31
November '24 Nov '24 33
October '24 Oct '24 40
September '24 Sep '24 30
August '24 Aug '24 54
July '24 Jul '24 47
June '24 Jun '24 39
May '24 May '24 32
April '24 Apr '24 26
March '24 Mar '24 43

Number of Purchase Loans i

26

(Feb 2025)

+13%

year-over-year

y-o-y

February '25 Feb '25 26
January '25 Jan '25 32
December '24 Dec '24 44
November '24 Nov '24 38
October '24 Oct '24 51
September '24 Sep '24 32
August '24 Aug '24 46
July '24 Jul '24 34
June '24 Jun '24 33
May '24 May '24 26
April '24 Apr '24 23
March '24 Mar '24 28

Number of REFI Loans i

23

(Feb 2025)

+27.8%

year-over-year

y-o-y

February '25 Feb '25 23
January '25 Jan '25 23
December '24 Dec '24 32
November '24 Nov '24 24
October '24 Oct '24 49
September '24 Sep '24 29
August '24 Aug '24 39
July '24 Jul '24 20
June '24 Jun '24 14
May '24 May '24 20
April '24 Apr '24 22
March '24 Mar '24 17

Number of HELOC Loans i

21

(Feb 2025)

+50%

year-over-year

y-o-y

February '25 Feb '25 21
January '25 Jan '25 13
December '24 Dec '24 21
November '24 Nov '24 17
October '24 Oct '24 17
September '24 Sep '24 28
August '24 Aug '24 25
July '24 Jul '24 24
June '24 Jun '24 26
May '24 May '24 20
April '24 Apr '24 32
March '24 Mar '24 22

South Lyon, MI 48178 Real Estate Market Overview

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South Lyon, MI 48178 Foreclosure Activity

There were a total of 2 South Lyon, MI 48178 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i

2

(Feb 2025)

year-over-year

y-o-y

February '25 Feb '25 2
January '25 Jan '25 N/A
December '24 Dec '24 2
November '24 Nov '24 1
October '24 Oct '24 2
September '24 Sep '24 1
August '24 Aug '24 3
July '24 Jul '24 1
June '24 Jun '24 3
May '24 May '24 2
April '24 Apr '24 2
March '24 Mar '24 1

Foreclosure Starts i

2

(Feb 2025)

year-over-year

y-o-y

February '25 Feb '25 2
January '25 Jan '25 N/A
December '24 Dec '24 2
November '24 Nov '24 1
October '24 Oct '24 2
September '24 Sep '24 1
August '24 Aug '24 3
July '24 Jul '24 1
June '24 Jun '24 3
May '24 May '24 2
April '24 Apr '24 2
March '24 Mar '24 1

Completed Foreclosures (REOs) i

February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A
June '24 Jun '24 N/A
May '24 May '24 N/A
April '24 Apr '24 N/A
March '24 Mar '24 1

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