Is Livingston County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Livingston County has remained a Seller's Market.
Key Takeaway
Livingston County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Livingston County, MI
How much do homes in Livingston County, MI cost?
Median Sold Price
$364,755
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Livingston County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Livingston County was $364,755 in March 2024, up 5.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.4K | $159K | +4.3% |
| 2 Bedrooms | $235K | $259.9K | +10.6% |
| 3 Bedrooms | $328.3K | $346.5K | +5.6% |
| 4 Bedrooms | $430.5K | $444.6K | +3.3% |
| 5+ Bedrooms | $511.5K | $520K | +1.7% |
Summary: Livingston County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Counties
| Livingston County | $344.8K | $364.7K | +5.8% |
| Washtenaw County | $369.4K | $389.4K | +5.4% |
| Oakland County | $322.3K | $332.9K | +3.3% |
| Genesee County | $189.5K | $195.1K | +2.9% |
| Shiawassee County | $175K | $175.7K | 0.4% |
Housing Supply in Livingston County, MI
How many homes are available in Livingston County, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 400 | 443 | +10.8% |
Summary: The Livingston County real estate market had 443 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 69 | 78 | +13.0% |
| 3 Bedrooms | 173 | 196 | +13.3% |
| 4 Bedrooms | 124 | 130 | +4.8% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The Livingston County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 116 | 108 | -6.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Livingston County, you could pay more than the asking price. 45.4% of homes here sold above asking price last month.
Summary: A total of 108 homes were sold or pending in Livingston County in March 2024, down by 6.9% month-over-month. Of the 108 sold homes, 32% were sold under asking, 22% were sold at asking, and 45% were sold over asking.
Days on Market for Livingston County, MI
How long does it take to sell a home in Livingston County, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 91 Days | 38 Days | -57.8% |
Summary: Homes in Livingston County had an average of 38 days on market in Mar 2024, down by 57.8% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Livingston County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 108 homes were sold in Livingston County; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.