Livingston County stands out with its housing market trends. In October, the median home listed here was $485,900, showing a 1.6% increase from the previous month's $478,450. This upward trend continued when compared to October 2023, with a 1.6% rise from $478,200. It's important to note that these statistics only cover houses listed for sale and not those that have been sold.

Uncover the Housing Insights in Livingston County

Livingston County's Home Size and Price per Square Foot

The median home in Livingston County measures 2,011 square feet and is listed at $235 per square foot. This price per square foot has seen a 2.8% increase compared to October 2023. It gives a clear picture of the value and size of homes in the area. 1: The 2,011 square feet of Livingston County's median home provides ample space for families and individuals alike. It offers a comfortable living environment with enough room for various activities. The $235 per square foot price indicates that the market values this size and layout. 2: The increase in price per square foot over the years showcases the growth and development of the Livingston County housing market. It also reflects the demand for such properties and the overall economic conditions.

Listing Speed in Livingston County

Listings in Livingston County move quickly, with a median of 40 days on the market compared to the national median of 58 days. In the previous month, homes had a median of 38 days. This indicates a healthy market with active buyers and sellers. 1: The swift listing speed in Livingston County shows that there is a high level of interest in the housing market. Buyers are actively looking for properties, and sellers are able to find buyers relatively quickly. 2: It also suggests that the market is well-balanced, with neither an oversupply nor a shortage of homes. This leads to a more stable and efficient market.

Comparisons with Michigan and the USA

In Michigan, the median home price was $289,950, a slight decrease from September. The median Michigan home had 1,603 square feet and a price of $178 per square foot. 1: Michigan's median home price shows a different trend compared to Livingston County. While there is a slight decrease, the size and price per square foot still provide valuable insights into the Michigan housing market. 2: By comparing Livingston County with Michigan, we can see how the local market is performing in relation to the state as a whole.Across the United States, the median home price was $424,950, a slight decrease from the previous month. The median American home had 1,835 square feet and a price of $226 per square foot. 1: The national median home price gives a broader perspective on the housing market. It shows how Livingston County's market compares to the rest of the country. 2: The differences in size and price per square foot highlight the regional variations in the housing market.

The Significance of Median Home List Price

The median home list price represents the midway point of all the houses or units listed over a given period. It offers a more accurate view of the market than the average list price. 1: By using the median, we avoid being skewed by one particularly low or high price. It gives a more representative picture of the market conditions and helps buyers and sellers make more informed decisions. 2: The median is a crucial metric in understanding the housing market and its trends. It provides a stable benchmark for analysis.The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.