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February 2024 Market Activity in Livingston County
Do you have big plans with Livingston County real estate this spring? Whether you're buying or selling, spring is one of the busiest times of year for real estate transactions, which often means more opportunity but also more competition. One way to stay ahead of the crowd is by keeping up with the latest market trends and applying what you learn as you navigate the Livingston County real estate market. Our real estate agents are here to help you prepare with our guide to Livingston County Market Activity for February 2024.
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Active Listings
During January 2024, there were 230 active listings in Livingston County, which marks a decrease in active listings compared to both the previous month and the previous year. The number of active listings in Livingston County was down 24 percent compared to January 2023 and down 8 percent compared to December 2023. A decrease in active listings typically also means a smaller selection for buyers to choose from. However, that selection will usually begin to increase with the start of spring. -
Median Listing Price
The median listing price for properties in Livingston County during January 2024 was $459,000, which is modestly higher than the previous month and substantially higher than it was one year ago. Compare to current median listing price to the December 2023 median listing price of $449,000, and to the January 2023 median listing price of $412,000. -
Average Days on Market Before Being Sold
In January 2024, homes spent an average of 50 days on the market before being sold, a slight increase in days spent on market compared to one year ago. Homes spent an average of 48 days on the market before being sold in January 2023, which means that average days spent on market before being sold has increased by 4 percent compared to the previous year. -
Median Sales Price
The median sales price has seen some variation over the last year, with the January 2024 median sales price of $350,000 checking in between the numbers from the previous month and prior year. The median sales price in January 2023 was $340,000, while the median sales price in December 2023 was $379,000. -
Number of Units Sold
In total, there were 77 units sold during January 2024, a decrease compared to the most recent data. There were 87 units sold in January 2023 and 139 units sold in December 2023. So the number of units sold decreased 11 percent compared to the previous year and decreased 44 percent when compared to the previous month.
Ready to start planning your next steps? Our local team is here to help you accomplish your Livingston County real estate goals. Contact us to buy and sell homes throughout the Livingston County, MI area.