Is Livonia, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Livonia is a seller's market

Buyer's
Market

Difference Since December 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, NY

How much do homes in Livonia, NY cost?

Median Sold Price

$302,500

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$44,500(+17.2%)

Key Takeaway

Homes in Livonia have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Livonia was $302,500 in December 2024, up 17.2% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $152.5K$185K
+21.3%
3 $269.9K$300K
+11.1%
4 $267K$324K
+21.3%
5+ $485K$252.5K
-47.9%

Summary: Livonia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 47.9%.

Housing Supply in Livonia, NY

How many homes are available in Livonia, NY?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1812-33.3%

Summary: The Livonia real estate market had 12 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 107
-30.0%
4 64
-33.3%
5+ 11
0.0%

Summary: The Livonia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Livonia, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Livonia in December 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Livonia, NY

How long does it take to sell a home in Livonia, NY?

Average Sale Time

Dec 2023Dec 2024CHANGE
17 Days15 Days-13.2%

Summary: Homes in Livonia had an average of 15 days on market in Dec 2024, down by 13.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 9 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.

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

Report Updated 4 Days Ago

Newest Listings in Livonia, NY

Nearby Markets to Livonia, NY