Page 24 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Livonia

Single-Family Homes
MONTHLY
40 Closed Sales

DEC NEW LISTINGS YOY Sales YOY $/SF
-55% from last month Oct +4 Monthly Sales and Avg $/SF Dec +4%
54 160 Nov +22% $250
Dec -3%
NEW PENDINGS 140
-33% from last month 120 $200
69 100 $150

CLOSED SALES 80
-27% from last month 60 $100
$204 40 $50
20
PRICE PER SQ FT
-2% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$305K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-5% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 120 89 40 1,291 1,371 6%
New Pendings 111 81 54 1,109 1,154 4%
Closed Sales 110 94 69 1,063 1,120 5%
Price/SF $219 $209 $204 $198 $214 8%
Avg Price $319,987 $321,663 $305,349 $300,128 $323,949 8%
<$250k

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 27 20 7 398 303 -24%
New Pendings 27 13 10 368 248 -33%
Closed Sales 16 18 16 310 203 -35%
Price/SF $182 $174 $175 $176 $186 6%
$250k-$400k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 75 56 25 659 837 27%
New Pendings 72 54 36 585 710 21%
Closed Sales 75 62 42 584 701 20%
Price/SF $223 $222 $209 $207 $222 7%
>$400k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 18 13 8 234 231 -1%
New Pendings 12 14 8 156 196 26%
Closed Sales 19 14 11 169 216 28%
Price/SF $226 $196 $214 $197 $210 7%
Data source: Realcomp MLS using Great Lakes Repository Data.

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