Housing Prices in Sylvan Lake, MI

How much do homes in Sylvan Lake, MI cost?

Median List Price

$315,000

$199/sqft

Based on all homes listed in the last 12 months.

Difference Since November 2023

-$15,000(-4.5%)

Key Takeaway

The list price of homes in Sylvan Lake has decreased by 4.5% since last year.

Summary: The median home list price in Sylvan Lake was $315,000 in November 2024, down 4.5% from the previous year, and the median price per square foot was $199.

Median List Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $256.9K$298K
+16.0%
3 $330K$309.9K
-6.1%
4 $674.9K$339.9K
-49.6%
5+ $750K$507.5K
-32.3%

Summary: Sylvan Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 49.6%, and 5+ bedroom homes decreased by 32.3%.

Median List Price Compared To Nearby Cities

Waterford Charter Township
+8.0%
West Bloomfield
+7.4%
West Bloomfield Charter Township
+6.9%
Pontiac
+4.4%
Sylvan Lake
-4.5%

Housing Supply in Sylvan Lake, MI

How many homes are available in Sylvan Lake, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Sylvan Lake real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Sylvan Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Sylvan Lake, MI

How long does it take to sell a home in Sylvan Lake, MI?

Average Listing Age

Nov 2023Nov 2024CHANGE
78 Days42 Days-45.9%

Summary: Homes in Sylvan Lake had an average listing age of 42 days in Nov 2024, down by 45.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Sylvan Lake, MI

Nearby Markets to Sylvan Lake, MI

What housing markets are near Sylvan Lake, MI?