Sylvan Lake, MI housing market
The typical Sylvan Lake home is worth about $377,000, up 2% in a year, 41% above the Michigan typical home. Homes typically sell in 21 days, below asking.
Home values, sales, trends and how Sylvan Lake compares with the towns next door — updated as new data is published.
Sylvan Lake at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Sylvan Lake | Michigan |
|---|---|---|
| 2017 | $222,000 | $144,000 |
| 2018 | $246,000 | $155,000 |
| 2019 | $260,000 | $165,000 |
| 2020 | $267,000 | $175,000 |
| 2021 | $291,000 | $194,000 |
| 2022 | $317,000 | $217,000 |
| 2023 | $340,000 | $230,000 |
| 2024 | $362,000 | $241,000 |
| 2025 | $371,000 | $253,000 |
| 2026 | $376,000 | $262,000 |
| August 2026 | $377,000 | $266,000 |
Sylvan Lake and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Sylvan Lake | $377K | +2% | 21 | $106,429 |
| West Bloomfield | $457K | +2.8% | — | $125,453 |
| Pontiac | $140K | +1.5% | 23 | $44,329 |
| Waterford | $278K | +3.1% | — | $77,101 |
3.5 years of income
The typical Sylvan Lake home costs about 3.5 years of the town's median household income, about the same as across Michigan (3.7).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.