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 November 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

$375,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,153(+2.8%)

Key Takeaway

Homes in Livingston County have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Livingston County was $375,000 in November 2024, up 2.8% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112.5K$190K
+68.9%
2 $253.2K$265K
+4.6%
3 $340.7K$359.9K
+5.6%
4 $443.6K$460.1K
+3.7%
5+ $510.1K$577.5K
+13.2%

Summary: Livingston County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.2%.

Median Sold Price Compared To Nearby Counties

Oakland County
+5.6%
Washtenaw County
+5.3%
Genesee County
+3.9%
Livingston County
+2.8%
Shiawassee County
+1.4%

Housing Supply in Livingston County, MI

How many homes are available in Livingston County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
662613-7.4%

Summary: The Livingston County real estate market had 613 homes for sale in November 2024, a 7.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 63
-50.0%
2 125127
+1.6%
3 286266
-7.0%
4 193172
-10.9%
5+ 5245
-13.5%

Summary: The Livingston County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 13.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
189141-25.4%

Asking Price vs. Sold Price

63 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Livingston County, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Summary: A total of 141 homes were sold or pending in Livingston County in November 2024, down by 25.4% month-over-month. Of the 141 sold homes, 45% were sold under asking, 25% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
41 Days36 Days-10.4%

Summary: Homes in Livingston County had an average of 36 days on market in Nov 2024, down by 10.4% compared to last year.

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

14 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 November 2024, 141 homes were sold in Livingston County; 61% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% 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

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