South Lyon Real Estate

26 neighborhoods and communities

Active listings 150

Sold (past 12mo) 551

HFG +16.5%ⓘ

Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.

Your South Lyon Realtor

Alexander Munro

Broker of Record · MI License #6502405404

Direct-to-broker representation for buyers and sellers in South Lyon and across Southeast Michigan. No team handoffs, no junk fees, full media included on every listing. Research-first approach grounded in MLS, public records, and on-the-ground knowledge of the local market.

(734) 272-6612 [email protected]Full bio & credentials →

Explore by Area

Loading map...

Market Dashboard

Featured Neighborhoods and Condos

Neighborhoods(13)

8 active

Hidden Lake

Median $1,095,000

6 active

Oakmonte Estates At Mill River

Median $435,000

3 active

Woodwind Glen And Woodwind Village

Median $675,000

2 active

Twin Pines

Median $507,450

1 active

Arbors Of Lyon

Median $599,900

Charleston Park

No active listings

Eagle Heights

No active listings

Nichwagh Lake Estates

No active listings

Park Woods

No active listings

The Heights At Elkow Farms

No active listings

Trailside At Mill River

No active listings

Trotters Pointe

No active listings

Condo Communities(13)

Brookwood Villiage

No active listings

Centennial Village

No active listings

Colonial Acres

No active listings

Evergreen Court

No active listings

Evergreen Pond

No active listings

Fountain View

No active listings

Hampton Square

No active listings

Lexington Place

No active listings

Oakwood Meadows

No active listings

Princeton Square

No active listings

Quail Run

No active listings

Southridge Condos

No active listings

Frequently Asked Questions about South Lyon

Are there homes available in South Lyon right now?

There are currently 150 active listings in South Lyon. The median asking price is $476,000.

What is the median home price in South Lyon?

Homes in South Lyon sell for a median of $476,000, drawn from 551 transactions over the past year.

How fast do homes sell in South Lyon?

The average days on market in South Lyon is 79, based on 551 recent transactions.

What are the best neighborhoods in South Lyon?

There are 26 neighborhoods and condo communities in South Lyon. Popular areas include Hidden Lake, Oakmonte Estates At Mill River, Woodwind Glen And Woodwind Village, Twin Pines, Arbors Of Lyon, Charleston Park. Of these, 13 are condo communities.

What school districts serve South Lyon?

South Lyon is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of South Lyon may be zoned for different districts. Check individual listings for the specific school district assignment.

Is South Lyon a buyer's or seller's market?

With 3.3 months of inventory, South Lyon is currently a balanced market. This is based on 150 active listings and 551 sales in the past 12 months.

How are property taxes calculated in South Lyon?

Michigan property taxes in South Lyon are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.

Is housing demand growing in South Lyon?

Census demographic data shows a +16.5% Household Formation Gap in South Lyon. As average household size fell from 2.53 to 2.34, the estimated number of households grew by 715. Population grew 7.7% over the same period. HFG is a secondary market indicator reflecting household formation trends, distinct from primary indicators like comparative market analysis.

South Lyon market brief — by email.

New listings, sold comps, and muni beat recaps. One email a week.

Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.