Livingston County home prices rose 4% in February

In Livingston County, home sellers increased their asking prices in February. The median price for homes listed was $452,250, which is a 4% rise from January's $434,725. However, this price is down 6.9% compared to February 2024, when it was $489,619. The typical home in the county was 1,890 square feet, with a listing price of $243 per square foot. This price per square foot has decreased by 3.2% since last year. Homes for sale in Livingston County sold faster, staying on the market a median of 54 days. In comparison, the national average was 66 days. There were about 162 new homes listed in February, an 11% increase from last year’s 146 listings. The data provided only includes single-family homes, condos, and townhomes, and does not account for most new constructions. Throughout Michigan, the median home price was $265,350, up slightly from January. This home was typically 1,552 square feet, priced at $170 per square foot. Nationally, the median home price was $412,000, also reflecting a small increase. The average home size in the U.S. was 1,791 square feet, with a listing price of $227 per square foot. Experts suggest using median prices for a clearer picture of the market, as they are less affected by extreme prices than average listings.