LIVINGSTON COUNTY – The average home in Livingston County was listed for $496,817 in June, down 0.2% from $497,959 the previous month, an analysis of data from Realtor.com shows.
Compared to June 2023, the average residential list price increased 7.4% from $462,495.
The statistics in this article only refer to homes listed for sale in Livingston County, not homes that have been sold. Information about the local real estate market, along with other useful community data, is available at data.livingstondaily.com.
The average Livingston County home was 2,024 square feet, valued at $248 per square foot. The price per square meter of homes for sale increased by 6.8% compared to June 2023.
Listings in Livingston County have evolved quickly, with a median of 38 days listed compared to the June national median of 45 days on the market. In the previous month, homes had a median of 32 days on the market. About 240 homes were newly listed on the market in June, a 12.4% decrease from the 274 new listings in June 2023.
Average home prices reported by Realtor.com may exclude many, or even most, homes from a market. Price and volume represent single-family homes, condominiums or townhomes only. They include existing homes but exclude most new construction as well as pending and contingent sales.
In Michigan, median home prices were $309,900, a slight increase from May. The average Michigan home listed for sale was 1,645 square feet, priced at $183 per square foot.
In the United States, the median home price was $445,000, a slight increase from the previous month. The average American home for sale was listed at 1,868 square feet, with a price of $233 per square foot.
The average home listing price used in this report represents the midpoint of all homes or units listed during a given time period. Experts say the median offers a more accurate picture of what’s happening in the market than the average list price, which would mean taking the sum of all listing prices and then dividing it by the number of homes sold. The average can be skewed by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, generated with data from Realtor.com. Please leave any comments or corrections to this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Livingston Daily: Home sellers in Livingston County asked for less money in June
