South Lyon Real Estate
26 neighborhoods and communities
Active listings 147
Sold (past 12mo) 547
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.
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Featured Neighborhoods and Condos
Neighborhoods(13)
11 activeHidden Lake
Median $995,000
5 activeOakmonte Estates At Mill River
Median $449,900
2 activeTwin Pines
Median $512,450
2 activeWoodwind Glen And Woodwind Village
Median $680,000
1 activeArbors 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 147 active listings in South Lyon. The median asking price is $470,000.
What is the median home price in South Lyon?
Homes in South Lyon sell for a median of $470,000, drawn from 547 transactions over the past year.
How fast do homes sell in South Lyon?
The average days on market in South Lyon is 80, based on 547 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, Twin Pines, Woodwind Glen And Woodwind Village, 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 3.2 months of inventory, South Lyon is currently a balanced market. This is based on 147 active listings and 547 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.
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