Is Livingston County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Livingston County is a seller's market

Buyer's
Market

Difference Since April 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

$364,809

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,821(+4.5%)

Key Takeaway

Homes in Livingston County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Livingston County was $364,809 in April 2024, up 4.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $155K$159.5K
+2.9%
2 $235K$259.9K
+10.6%
3 $330K$347.1K
+5.2%
4 $428.4K$450K
+5.0%
5+ $511.5K$527.5K
+3.1%

Summary: Livingston County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Counties

Washtenaw County
+5.5%
Livingston County
+4.5%
Genesee County
+3.9%
Oakland County
+3.7%
Shiawassee County
+1.2%

Housing Supply in Livingston County, MI

How many homes are available in Livingston County, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
454547+20.5%

Summary: The Livingston County real estate market had 547 homes for sale in April 2024, a 20.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 78
+14.3%
2 8195
+17.3%
3 201245
+21.9%
4 135158
+17.0%
5+ 3041
+36.7%

Summary: The Livingston County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 36.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
118159+34.7%

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

72 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Livingston County, you could pay more than the asking price. 45.3% of homes here sold above asking price last month.

Summary: A total of 159 homes were sold or pending in Livingston County in April 2024, up by 34.7% month-over-month. Of the 159 sold homes, 32% were sold under asking, 23% 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

Apr 2023Apr 2024CHANGE
76 Days21 Days-71.7%

Summary: Homes in Livingston County had an average of 21 days on market in Apr 2024, down by 71.7% compared to last year.

Breakdown of Home Sale Times

136 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 159 homes were sold in Livingston County; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Livingston County, MI

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