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Featured local agent — Sylvan Lake, MI
Sarah Mitchell
Compass Real Estate · Sylvan Lake, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Sylvan Lake, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Sylvan Lake, MI housing market right now?
The median home sale price in Sylvan Lake, MI is $400,000, up 26.6% year-over-year. Homes sell in an average of 21 days with 6 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Sylvan Lake a buyer's or seller's market?
Sylvan Lake, MI is currently a seller's market, based on 0.9 months of supply and homes selling in about 21 days. How we determine this →
Homes sold
7
Last 12 weeks
Days on market
21
Average pace
Active listings
6
0.9 months supply
Sale-to-list
95.0%
Below asking
What does the Sylvan Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $589,900 |
| Year-over-year price change | +26.6% |
| Average days on market | 21 days |
| Active inventory | 6 listings |
| Months of supply | 0.9 months |
| Sale-to-list price ratio | 95.0% |
| Median price per sq ft | $202/sq ft |
| Homes sold (latest month) | 7 |
| New listings (latest month) | 3 |
| Listings with a price cut | 16.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Sylvan Lake by property type?
How the Sylvan Lake, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $400,000 | $202/sq ft | 7 | 21 days |
Source: Redfin · Updated monthly
The Sylvan Lake housing market is currently classified as a seller's market with a median sale price of $400,000. Prices have risen 26.6% compared to last year, with homes spending an average of 21 days on market, indicating 0.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.6x provides context for how home values compare to local earning capacity.
Homes for sale in Sylvan Lake
There are currently 6 homes listed for sale in Sylvan Lake, Michigan. The median listing price is $590K.
Active listings
6
Homes on market
Median list price
$590K
Avg. days on market
21
Days until sale
New this week
3
Newly listed
Who lives in Sylvan Lake?
Population
1,672
Median income
$106,806/yr
Median age
52.9 years
Owner-occupied
82.1%
College grads
52.7%
Avg commute
25 min
Source: U.S. Census Bureau ACS
What are homes worth in Sylvan Lake?
Zillow home value
$383,344
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Sylvan Lake?
Sylvan Lake is a community of approximately 2K residents with a median age of 52.9 years.The median household income is $106,806, which reflects a relatively affluent area with strong earning potential. 52.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 82.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 25 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Sylvan Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Sylvan Lake, MI?
Want a head-to-head view? Compare Sylvan Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Sylvan Lake?
The median home sale price in Sylvan Lake is $400,000, up 26.6% from last year.
How long do homes stay on market in Sylvan Lake?
Homes typically spend 21 days on market before going under contract.
What is the median income in Sylvan Lake?
The median household income is $106,806 per year.
Is Sylvan Lake a buyer's or seller's market?
With 0.9 months of supply, Sylvan Lake is currently a seller's market.
What is the Zillow home value estimate for Sylvan Lake?
The Zillow Home Value Index (ZHVI) for Sylvan Lake is $383,344, representing the typical home value in the area.
How much does a single-family home cost in Sylvan Lake?
The median single-family home price in Sylvan Lake, MI is $400,000 (about $202 per square foot).
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