19

South Lyon, MI Homes under $200,000

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  • 25159 Franklin Terrace Unit 8, South Lyon, MI 48178
    25159 Franklin Terrace Unit 8, South Lyon, MI 48178
    25159 Franklin Terrace Unit 8, South Lyon, MI 48178
    /16

    $139,000

    • 1 Bed
    • 2 Baths
    • 820 Sq Ft

    25159 Franklin Terrace Unit 8, South Lyon, MI 48178

    Updated in 2025, this unique end-unit at the desirable 55+ Colonial Acres Co-op offers low maintenance living and plenty of natural light. Freshly painted, one bedroom and two bathrooms with walk-in showers, this home has convenient first floor laundry equipped with an all-in-one washer and dryer. The kitchen showcases new bright-white Shaker style cabinetry, granite counter tops w/ a gourmet

    Agent Photo

    Cheryl McKinnon

    Real Estate One-Northville

    (947) 237-3168

    25159 Franklin Terrace Unit 8, South Lyon, MI 48178
  • 25234 Franklin Terrace Unit 1, South Lyon, MI 48178
    25234 Franklin Terrace Unit 1, South Lyon, MI 48178
    25234 Franklin Terrace Unit 1, South Lyon, MI 48178
    /17

    $135,000

    • 2 Beds
    • 1.5 Baths
    • 850 Sq Ft

    25234 Franklin Terrace Unit 1, South Lyon, MI 48178

    Welcome to Colonial Acres Co-Operative for the 55+ community. This highly sought after end unit was Remodeled in 2022- Bright Kitchen, cabinets, granite, subway tile backsplash. Large Breakfast nook, living room with electric fireplace, Over the fire place, Flat screen TV. Walk-in shower (updated) Bathroom. Easy care laminate floors. 2 nicely sized carpeted bedrooms. Some newer windows. Paver

    Agent Photo

    Cheryl McKinnon

    Real Estate One-Northville

    (248) 327-0282

    25234 Franklin Terrace Unit 1, South Lyon, MI 48178
  • 62341 Arlington Cir Unit 6, South Lyon, MI 48178
    62341 Arlington Cir Unit 6, South Lyon, MI 48178
    62341 Arlington Cir Unit 6, South Lyon, MI 48178
    /24

    $169,900

    • 2 Beds
    • 2 Baths
    • 1,650 Sq Ft

    62341 Arlington Cir Unit 6, South Lyon, MI 48178

    (55+) This gorgeous end unit boasts hardwood floors throughout the main level, a light and airy open floor plan, two full baths, and central air. Walking trails, bike trails, pond, pool, and tons of senior activities. Great location for accessing shopping and entertainment!

    Sarah Walls Walls Realty

    62341 Arlington Cir Unit 6, South Lyon, MI 48178
  • 249 Brookwood Dr, South Lyon, MI 48178
    249 Brookwood Dr, South Lyon, MI 48178
    249 Brookwood Dr, South Lyon, MI 48178
    /26

    $185,000

    • 2 Beds
    • 2 Baths
    • 1,015 Sq Ft

    249 Brookwood Dr, South Lyon, MI 48178

    Welcome to this beautiful fully updated spacious open floorplan ground level 2 Bed, 2 bath condo in the very popular Brookwood farms community. The remodeled kitchen showcases very popular granite countertop, stainless steel appliances and modern backsplash. Laminate flooring throughout the condo. Spacious primary suite with walk in closet and ensuite bath. Freshly painted in the most popular

    Jonathan Minerick HomeCoin.com

    249 Brookwood Dr, South Lyon, MI 48178
  • 61043 Greenwood Dr Unit 167, South Lyon, MI 48178
    61043 Greenwood Dr Unit 167, South Lyon, MI 48178
    61043 Greenwood Dr Unit 167, South Lyon, MI 48178
    /17

    $179,500

    • 2 Beds
    • 2 Baths
    • 1,195 Sq Ft

    61043 Greenwood Dr Unit 167, South Lyon, MI 48178

    This spacious condo offers a fantastic opportunity to own in a highly desirable location. Enjoy the convenience of being just minutes from charming downtown South Lyon, local shops, restaurants, parks, and major commuter routes. The unit features a functional layout and generous room sizes, is clean, well maintained, and move in ready. Whether you're a first time homebuyer, downsizing, or looking

    Todd Warda EXP Realty - Fenton

    61043 Greenwood Dr Unit 167, South Lyon, MI 48178
  • 206 Princeton Dr Unit 50, South Lyon, MI 48178
    206 Princeton Dr Unit 50, South Lyon, MI 48178
    206 Princeton Dr Unit 50, South Lyon, MI 48178
    /27

    $115,000

    • 2 Beds
    • 1 Bath
    • 746 Sq Ft

    206 Princeton Dr Unit 50, South Lyon, MI 48178

    ADORABLE AND AFFORDABLE! YOU WILL LOVE THIS PRINCETON CONDO UPPER RANCH! This cozy, light-filled unit has a great layout and use of space. Freshly painted with details like crown molding add to its charm. Updates include beautiful plank flooring throughout; ceramic tile floor and enclosure in bath, updated fixtures, washer dryer combo in spacious utility room with extra storage. All

    Karen Slater Century 21 Curran & Oberski

    206 Princeton Dr Unit 50, South Lyon, MI 48178
  • 12374 Oakridge Cir, South Lyon, MI 48178
    12374 Oakridge Cir, South Lyon, MI 48178
    12374 Oakridge Cir, South Lyon, MI 48178
    /24

    $155,000

    • 4 Beds
    • 2 Baths
    • 2,200 Sq Ft

    12374 Oakridge Cir, South Lyon, MI 48178

    This spacious 4-bedroom, 2-bath home offers 2,200 square feet of comfortable living on a premium corner lot in an established community. Designed with an open-concept layout, it features both a living room and a family room, providing plenty of space to relax or entertain. The large kitchen boasts a walk-in pantry for ample storage, while the primary suite offers a generous walk-in closet and a

    Adam Schaffer Wentworth Real Estate Group

    12374 Oakridge Cir, South Lyon, MI 48178
  • 11201 Spring Arbor Ct, South Lyon, MI 48178
    11201 Spring Arbor Ct, South Lyon, MI 48178
    11201 Spring Arbor Ct, South Lyon, MI 48178
    /31

    $137,000

    • 4 Beds
    • 2 Baths
    • 2,128 Sq Ft

    11201 Spring Arbor Ct, South Lyon, MI 48178

    Don’t miss your chance to own this spacious 2017 manufactured home offering over 2,000 sq ft of comfortable living space, located on a quiet dead-end street with no rear neighbors! This 4-bedroom, 2-bathroom home features a large open-concept kitchen, an inviting great room, and a versatile bonus activity room—ideal for a home office, playroom, or hobby space. The property also includes a 10x10

    Ryanne Fahnestock @properties Christie's Int'l RE Northville

    11201 Spring Arbor Ct, South Lyon, MI 48178
  • 61960 Arlington Cir Unit 1, South Lyon, MI 48178
    61960 Arlington Cir Unit 1, South Lyon, MI 48178
    61960 Arlington Cir Unit 1, South Lyon, MI 48178
    /30

    $179,000

    • 2 Beds
    • 2 Baths
    • 900 Sq Ft

    61960 Arlington Cir Unit 1, South Lyon, MI 48178

    MOVE IN READY END UNIT OPEN FLOOR PLAN TWO BEDROOMS ENTRY LEVEL, TWO FULL BATHS KITCHEN WITH GAS STOVE WINDOW IN KITCHEN NEW COUNTERS ...THREE SEASON SUN ROOM WITH HEATER. WALLSIDE WINDOWS WITH 30 YEAR WARRANTY. NEWER FLOORS AND PAINT THROUGHOUT.PRIVATE GATED COURT YARD. CENTRAL AIR .GREAT LOCATION NEAR RAIL TRAIL, WALK TO DOWNTOWN, SENIOR CENTER, CONCERTS IN THE PARK AND FARMERS

    Kimberly Champe Real Estate One-Brighton

    61960 Arlington Cir Unit 1, South Lyon, MI 48178
  • 11199 Shady Grove Ct, South Lyon, MI 48178
    11199 Shady Grove Ct, South Lyon, MI 48178
    11199 Shady Grove Ct, South Lyon, MI 48178
    /30

    $160,000

    • 3 Beds
    • 2.5 Baths
    • 2,000 Sq Ft

    11199 Shady Grove Ct, South Lyon, MI 48178

    Step into a realm of peaceful living with this charming new listing nestled in a sought-after Woodland Ridge manufactured home community of South Lyon. This delightful home boasts a sprawling 2,000 square feet of spacious living areas, including 3 bedrooms and 2 1/2 bathrooms, ensuring ample privacy and comfort for all. The heart of this home is its expansive kitchen, complete with a central

    Tricia Maskin Berkshire Hathaway HomeServices Kee Realty Clinton

    11199 Shady Grove Ct, South Lyon, MI 48178
  • 61962 Yorktown Dr Unit 5, South Lyon, MI 48178
    61962 Yorktown Dr Unit 5, South Lyon, MI 48178
    61962 Yorktown Dr Unit 5, South Lyon, MI 48178
    /36

    $149,900

    • 2 Beds
    • 2 Baths
    • 1,650 Sq Ft

    61962 Yorktown Dr Unit 5, South Lyon, MI 48178

    Very nice unit in excellent condition ready for the new owner to enjoy! Open floor plan with adjoining living room and kitchen with breakfast bar features vaulted ceiling and skylight. Light pastel colors throughout and beige carpeting create warm environment. First floor includes two bedrooms and full bathroom. One bedroom leads to 3 season sunroom facing west with door wall to ground level

    Gregory Giniel Giniel Financial Group Real Es

    61962 Yorktown Dr Unit 5, South Lyon, MI 48178
  • 9986 Holly Ridge Ln, South Lyon, MI 48178
    9986 Holly Ridge Ln, South Lyon, MI 48178
    9986 Holly Ridge Ln, South Lyon, MI 48178
    /8

    $135,000

    • Land
    • 1.18 Acres
    • $114,407 per Acre

    9986 Holly Ridge Ln, South Lyon, MI 48178

    SEMI-SECLUDED 1.18 ACRE SHOVEL READY BUILDING SITE LOCATED IN HOLLY RIDGE SUBDIVISION IN GREEN OAK TOWNSHIP OFFERING SOUTH LYON SCHOOLS * SITE IS HEAVILY WOODED AND OFFERS A FULL WALKOUT BASEMENT POTENTIAL * SITE COMES WITH DEEDED USE OF A SMALL CHAIN OF LAKES VIA A COMMON LAUNCH AND DOCK AREA ON CROOKED LAKE (NON MOTORIZED VESSEL USE ONLY) * SITE HAS AN APPROVED PERK AREA AND UNDERGROUND GAS AND

    Michael Wickham Mayfair Real Estate Group

    9986 Holly Ridge Ln, South Lyon, MI 48178
  • 1206 Coach House Ln, South Lyon, MI 48178
    1206 Coach House Ln, South Lyon, MI 48178
    1206 Coach House Ln, South Lyon, MI 48178
    /4

    $199,900

    • Land
    • 0.38 Acre
    • $526,053 per Acre

    1206 Coach House Ln, South Lyon, MI 48178

    Towering evergreens on the side and rear provide year round privacy. Unique opportunity to custom build your dream home on one of eight new homesites attached to existing community of 190 upscale homes.100' wide homesite means you can build a 60 foot wide home with a side entry garage.You can use your builder or ours. Listing Broker is related to Owner.

    David Steuer Steuer & Associates Inc

    1206 Coach House Ln, South Lyon, MI 48178
  • 9062 Tower Rd, South Lyon, MI 48178
    9062 Tower Rd, South Lyon, MI 48178
    9062 Tower Rd, South Lyon, MI 48178
    /6

    $179,900

    • Land
    • 4.24 Acres
    • $42,429 per Acre

    9062 Tower Rd, South Lyon, MI 48178

    MOTIVATED SELLER!! Looking for a great piece of property to build your dream home on? This could be it. Check out this beautiful 4+ acre lot - with pond in south west corner - in Salem Twp, with South Lyon schools. The land perks and is ready to be built on using your builder or ours. This property is located north of the home at 9050 Tower.

    Robert Cuffe Remerica Integrity II

    9062 Tower Rd, South Lyon, MI 48178
  • VL 11 Mile Rd, South Lyon, MI 48178
    VL 11 Mile Rd, South Lyon, MI 48178
    VL 11 Mile Rd, South Lyon, MI 48178
    /4

    $185,000

    • Land
    • 2.20 Acres
    • $84,091 per Acre

    VL 11 Mile Rd, South Lyon, MI 48178

    The Sellers are splitting their current property of approximately 4.5 acres into two parcels. One parcel will retain the existing house and a second lot which is vacant is listed for sale in this listing. The vacant lot will consist of approximately 2.2 acres 236 x 400 of the westerly portion of parcel 21 24 201 016 including the ingress easement of the property. The two lots shall be serviced by

    Terry Sever Century 21 Professionals Livonia

    VL 11 Mile Rd, South Lyon, MI 48178
  • 8239 Stoney Creek Dr, South Lyon, MI 48178
    8239 Stoney Creek Dr, South Lyon, MI 48178
    8239 Stoney Creek Dr, South Lyon, MI 48178
    /6

    $149,900

    • Land
    • 0.97 Acre
    • $154,536 per Acre

    8239 Stoney Creek Dr, South Lyon, MI 48178

    Build your dream house on this private wooded 1 acre lot nestled in the prestigious gated community of Hidden Lake Estates. This gated community offers an all sports lake with a sandy beach, walking and biking trails and much more! This is one of the remaining vacant lots and boasts natural common area to the north giving you much more privacy once you build your dream home. Water, sewer, gas

    Kelly Knight Coldwell Banker Professionals-Plymouth

    8239 Stoney Creek Dr, South Lyon, MI 48178
  • 0 9 Mile Rd Unit 24009378, South Lyon, MI 48178
    0 9 Mile Rd Unit 24009378, South Lyon, MI 48178
    0 9 Mile Rd Unit 24009378, South Lyon, MI 48178
    /33

    $140,000

    • Land
    • 2.50 Acres
    • $56,000 per Acre

    0 9 Mile Rd Unit 24009378, South Lyon, MI 48178

    Are you ready to build your dream home in an idyllic setting? Look no further! We're thrilled to present this exceptional 2.5-acre wooded vacant lot, perfectly situated across from a golf course, offering unparalleled views and endless possibilities. Nestled amidst towering trees and lush foliage, this picturesque parcel of land provides the ultimate retreat from the hustle and bustle of city

    Cassie McCarthy Cornerstone Real Estate

    0 9 Mile Rd Unit 24009378, South Lyon, MI 48178
  • 25323 Potomac Dr Unit 2, South Lyon, MI 48178
    25323 Potomac Dr Unit 2, South Lyon, MI 48178
    25323 Potomac Dr Unit 2, South Lyon, MI 48178
    /13

    $149,900

    • 2 Beds
    • 1.5 Baths
    • 1,000 Sq Ft

    25323 Potomac Dr Unit 2, South Lyon, MI 48178

    Welcome to a charming 55+ community in South Lyon w/ Pool,Clubhouse, Exercise Room, and activities. This condo is completely updated!! Presenting a fullyremodeled two-bedroom has a warm & inviting atmosphere. The property is freshly painted through out, new carpet, interior doors & hardware, new heating system, flooring, light fixtures, kitchen, appliances and bathroomsan open-concept kitchen w/

    Diana Tillman Tillman & Assoc Realty LLC

    25323 Potomac Dr Unit 2, South Lyon, MI 48178
  • 62341 Arlington Cir Unit 3, South Lyon, MI 48178
    62341 Arlington Cir Unit 3, South Lyon, MI 48178
    62341 Arlington Cir Unit 3, South Lyon, MI 48178
    /30

    $175,000

    • 2 Beds
    • 2 Baths
    • 900 Sq Ft

    62341 Arlington Cir Unit 3, South Lyon, MI 48178

    MOVE IN READY , 3 Bedroom 2 Full Bath 55+ Condo. Kitchen offers all New Appliances, Corian Counters, upgraded Cabinets, Includes 1st Floor washer & Dryer. Open Floor Plan, Cathedral Ceiling in Living Room, Beautiful wooden gate for Stairs Leading to Basement. Finished lower level with Large Family Room, 3rd Bedroom w/ Walk In Closet, Full Bath. Plenty of storage. Central Air, Gas forced Air heat,

    Kimberly Champe Real Estate One-Brighton

    62341 Arlington Cir Unit 3, South Lyon, MI 48178
Michigan South Lyon

Real Estate & Homes in South Lyon, MI under $200,000

Home Trends in South Lyon, MI

On average, homes in South Lyon, MI sell after 26 days on the market compared to the national average of 47 days. The average sale price for homes in South Lyon, MI over the last 12 months is $454,666, up 5% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)
$450,000
Median Single Family Price
$514,000
Median 2 Bedroom Price
$155,000
Median 1 Bedroom Price
$85,500
Average Price Per Sq Ft
$216
Number of Homes for Sale
50
Last 12 months Home Sales
412
Months of Supply
1.50
Median List Price
$450,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
7%
How to Buy a Home How to Finance a Home How to Sell a Home

In South Lyon, you'll find a diverse selection of properties with 19 homes for sale under $200,000, catering to budget-conscious buyers seeking affordable housing solutions. Whether you're a first-time homebuyer in search of a cozy starter home or an investor eyeing a promising opportunity, these affordable homes provide a gateway into the real estate market in South Lyon, MI.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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