Sylvan Lake Housing Market Report May 2025•Oakland County, Michigan

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Housing Prices in Sylvan Lake, MI

How much do homes in Sylvan Lake, MI cost?

Housing Market Conditions

Is Sylvan Lake, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Sylvan Lake is a Seller's Market

Difference Since May 2024

Since last year, Sylvan Lake has remained a Seller's Market.

Insight

Sylvan Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$339,899$200/SqFt
+$63,899
+23.2%

Based on all homes sold in the last 12 months

Insight

Homes in Sylvan Lake have sold for 23.2% more than they did a year ago.

Summary: The median home sold price in Sylvan Lake was $339,899 in May 2025, up 23.2% from last year, and the median price per square foot was $200.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Sylvan Lake
+23.2%
Pontiac
+11.5%
West Bloomfield Charter Township
+6.2%
Waterford Charter Township
+6.0%
West Bloomfield
+4.6%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2$200K$237K
+18.5%
3$277.2K$385K
+38.9%
4$390K$310K
-20.5%
5$650.5K-
N/A

Summary: Sylvan Lake housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +18.5%. The home price for 3 bedroom homes increased by +38.9%. The home price for 4 bedroom homes decreased by -20.5%. The home price for 5 bedroom homes did not change.

How does Sylvan Lake, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Sylvan Lake, MI

Housing supply in Sylvan Lake, MI

How many homes are available in Sylvan Lake, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
9Last MonthMay 2025
92 months agoApr 2025
0.0 %
Change MoMApr – May

Summary: The Sylvan Lake real estate market had 9 homes for sale in May 2025, the same as Apr 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthMay 2025
32 months agoApr 2025
0.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
222
0.0%
366
0.0%
411
0.0%
500
0.0%

Summary: Sylvan Lake housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Sylvan Lake, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Sylvan Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Sylvan Lake in May 2025, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and and 33% were sold over asking.

Days on Market for Sylvan Lake, MI

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

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Sylvan Lake are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 3 homes were sold in Sylvan Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
10 DaysThis YearMay 2025
50 Days1 year agoMay 2024
-80.0 %
Change YoYMay 2024 – May 2025

Summary: Homes in Sylvan Lake had an average listing age of 10 days in May 2025, down by 80.0% compared to the previous year.

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Newest Listings in Sylvan Lake, MI

What homes are available in Sylvan Lake, MI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., for the period 06/01/2023 - 06/01/2025

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2025, 9:20:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.