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 November 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

$310,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$43,000(+16.1%)

Key Takeaway

Homes in Livonia have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Livonia was $310,000 in November 2024, up 16.1% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $152.5K$185K
+21.3%
3 $272.5K$310K
+13.8%
4 $265K$336K
+26.8%
5+ $482.5K$215K
-55.4%

Summary: Livonia housing prices by bedroom type for November 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 13.8%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 55.4%.

Housing Supply in Livonia, NY

How many homes are available in Livonia, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1912-36.8%

Summary: The Livonia real estate market had 12 homes for sale in November 2024, a 36.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 88
0.0%
4 63
-50.0%
5+ 20
-100.0%

Summary: The Livonia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Livonia, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Livonia in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
21 Days26 Days+23.3%

Summary: Homes in Livonia had an average of 26 days on market in Nov 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were 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 November 2024, 4 homes were sold in Livonia; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

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