$3,088 Closing Credit*
$260,000
1,025 SqFt
3 Beds
•2 Full Baths
Sandra Libby, Listing Office: Berkshire Hathaway HomeServices The Loft Warehouse
Is Livonia, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Livonia has remained a Seller's Market.
Key Takeaway
Livonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Livonia, MI
How much do homes in Livonia, MI cost?
Median Sold Price
$299,607
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$24,607(+8.9%)
Key Takeaway
Homes in Livonia have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Livonia was $299,607 in September 2024, up 8.9% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102.5K | $125K | +22.0% |
| 2 Bedrooms | $205K | $196K | -4.4% |
| 3 Bedrooms | $265K | $290K | +9.4% |
| 4 Bedrooms | $366K | $385K | +5.2% |
| 5+ Bedrooms | $350K | $431.5K | +23.3% |
Summary: Livonia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 23.3%.
Median Sold Price Compared To Nearby Cities
| Redford Charter Township | $153.4K | $170.3K | +11.0% |
| Redford | $153.9K | $170.6K | +10.9% |
| Livonia | $275K | $299.6K | +8.9% |
| Farmington Hills | $350K | $350K | 0.0% |
| Farmington | $307K | $300K | -2.3% |
Housing Supply in Livonia, MI
How many homes are available in Livonia, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 338 | 314 | -7.1% |
Summary: The Livonia real estate market had 314 homes for sale in September 2024, a 7.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 26 | 26 | 0.0% |
| 3 Bedrooms | 216 | 203 | -6.0% |
| 4 Bedrooms | 80 | 66 | -17.5% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Livonia housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 123 | 101 | -17.9% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Livonia, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 101 homes were sold or pending in Livonia in September 2024, down by 17.9% month-over-month. Of the 101 sold homes, 35% were sold under asking, 11% were sold at asking, and 54% were sold over asking.
Days on Market for Livonia, MI
How long does it take to sell a home in Livonia, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | +2.5% |
Summary: Homes in Livonia had an average of 13 days on market in Sep 2024, up by 2.5% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Livonia are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 101 homes were sold in Livonia; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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.