Livonia, MI Home Values & Market Trends
Real estate market trends reflect that there have been 1,322 transactions over the past year in Livonia. The median value for residential home transactions that occurred over the previous year is $276,254.95. The number of current listings in Livonia is 99, and the percentage of properties for sale in the city is 99.00%. Livonia, MI currently has 28 properties in foreclosure, 6 bank owned properties, 22 properties headed for auction, and 99 properties for sale.
Livonia, MI Real Estate Market Overview
Housing Market Summary for Livonia, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $279.9K | $277.3K | -0.93% |
| Median Sold Price | $273.2K | $277.3K | 1.50% |
| Homes For Sale | 102 | 82 | -19.61% |
| Homes Sold | 1,044 | 799 | -23.47% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Livonia, MI
Browse Homes in Livonia, MI
Livonia home values range from $24,890 to $1,279,200. The median estimated value of a home in Livonia is $276,254.95. The median list price of a home is 290,000, and the total count of properties in the city is 37,437.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Livonia, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Livonia, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Livonia, MI ranges from the highest value of $360,976 in 48154 to the lowest value of $179,138 in 48150. Bank owned homes and properties account for 0.02% of properties in Livonia, MI. There are 3 zips within Livonia, MI; 48152 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48154 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Livonia, MI. Auction homes and other auction properties account for 0.06% of all properties in Livonia, MI. There are 3 zips within Livonia, MI; of those zips, the median estimated home value for homes going to auction ranges from $440,500 in 48152 to the lowest value of $85,677 in 48152.
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Guide for Livonia, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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