Sylvan Lake Real Estate
2 active listings · 23 sold in the past 12mo
$439,450
Median List Price
23
Sold (past 12mo)
66
Avg Days on Market
+11.6%
HFGⓘ
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.
Active Listings
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Homes for Sale(2)
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For Sale
1/35
$589,900
2155 Avondale, Sylvan Lake, MI 48320
3 bd3 ba2,640 sqft0.17 ac
Single Family
For Sale
1/23
$289,000
1921 Beverly Street, Sylvan Lake, MI 48320
4 bd1 ba1,144 sqft0.20 ac
Single Family
Recently Sold(23)
Frequently Asked Questions about Sylvan Lake
How many homes are for sale in Sylvan Lake?
Sylvan Lake currently has 2 homes listed for sale. The median asking price is $439,450.
How much do homes cost in Sylvan Lake?
The median sale price in Sylvan Lake is $439,450, based on 23 closed sales over the past 12 months.
How long do homes stay on the market in Sylvan Lake?
Homes in Sylvan Lake sell in an average of 66 days, based on 23 sales over the past 12 months.
What schools are in Sylvan Lake?
Multiple school districts may serve Sylvan Lake. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Sylvan Lake?
Sylvan Lake is currently a seller's market, with 1.0 months of supply. That ratio comes from 2 active listings relative to 23 sales per year.
How much are property taxes in Sylvan Lake?
Property taxes in Sylvan Lake are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Sylvan Lake?
Per U.S. Census ACS data, Sylvan Lake has a +11.6% Household Formation Gap over the past 15 years. Average household size decreased from 2.28 to 1.92, creating demand for approximately 91 additional housing units even as population declined 6.0%. HFG is a secondary market indicator — it reflects demographic trends, not a primary measure like income-based affordability.