All Home Types
South Lyon, MI Housing Market
What is the housing market like in South Lyon today?
In October 2024, South Lyon home prices were down 10.2% compared to last year, selling for a median price of $170K. On average, homes in South Lyon sell after 57 days on the market compared to 27 days last year. There were 13 homes sold in October this year, down from 24 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$169,900
-10.2% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
South Lyon, MI
$169,900
-10.2%
United States
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South Lyon Migration & Relocation Trends
In Aug '24 - Oct '24, 21% of South Lyon homebuyers searched to move out of South Lyon, while 79% looked to stay within the metropolitan area.
- Across the nation, 0.83% of homebuyers searched to move into South Lyon from outside metros.
- Los Angeles homebuyers searched to move into South Lyon more than any other metro followed by New York and Washington.
Where are people moving to South Lyon from?
- 79% of South Lyon homebuyers searched to stay within the South Lyon metropolitan area.
- Traverse City was the most popular destination among South Lyon homebuyers followed by Cape Coral and Kalamazoo.
Where are people from South Lyon moving to?
Number of People Moving to South Lyon
least
most
People are moving to South Lyon from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 521 | ||
| 2 | 480 | ||
| 3 | 461 | ||
| 4 | 419 | ||
| 5 | 246 | ||
| 6 | 144 | ||
| 7 | 117 | ||
| 8 | 97 | ||
| 9 | 83 | ||
| 10 | 76 | ||
People are leaving South Lyon for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Aug '24 - Oct '24 | ||
| 1 | 190 | ||
| 2 | 162 | ||
| 3 | 140 | ||
| 4 | 122 | ||
| 5 | 112 | ||
| 6 | 102 | ||
| 7 | 81 | ||
| 8 | 75 | ||
| 9 | 68 | ||
| 10 | 49 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in South Lyon.
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