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Foreclosure Homes in Livonia, MI

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Livonia, MI Foreclosures

How much do homes sell for in Livonia, MI?
The average home price is currently $316,285.
In Livonia, MI, how many homes are available?
There are currently 135 active home listings available in Livonia.
What’s the average rental cost in Livonia, MI?
The average rental price in Livonia is $1,615.
What is the most expensive home in Livonia?
The most expensive home sold in Livonia had a price of $20,993,114.
What is currently the cheapest priced home in Livonia, MI?
The cheapest home for sale in Livonia is priced at $15,324.

Living in Livonia, MI

Livonia, MI is a welcoming suburban community known for its excellent schools, abundant parks, and a variety of shopping and dining opportunities. Located within close proximity to Detroit, it offers a family-friendly environment with a strong sense of community and well-developed infrastructure.

Current Market Conditions in Livonia, MI

The Livonia real estate market is currently experiencing a strong demand, largely due to its attractive suburban lifestyle and amenities. Recent trends indicate a significant increase in home prices, driven by buyers seeking both investment opportunities and family-friendly neighborhoods.

Inventory levels have remained low, creating a competitive market for buyers. Homes in Livonia are typically receiving multiple offers, which has further propelled prices upward. Developers are also exploring new construction options to accommodate the growing population.

Home Value Estimator For Livonia, MI

There are currently 40,616 real estate properties in Livonia, MI, with a median automated valuation model (AVM) price of $307,528.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Livonia, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Livonia, MI, is $316,285.00, with the most expensive house in Livonia, MI, topping out at $20,993,114.00 and the cheapest home in Livonia, MI, clocking in at $15,324.00. In other words, there’s something for every potential homebuyer or savvy investor in Livonia, MI!

Rent Prices In Livonia, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Livonia, MI, is on a rollercoaster ride. The average rent price in Livonia, MI, is $1,615.00. Indeed, when looking to rent in Livonia, MI, you can expect to pay as little as $580.00 or as much as $3,220.00, with the average rent median estimated to be $1,510.00. The good news is that finding an affordable and desirable property to rent in Livonia, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Livonia, MI Foreclosures

Market Trend for Livonia, MI

Total Listings Available: 135

Market Values:

Home Prices from $15,324 to $20,993,114

Average Sales Price: $316,285

Rental Values:

Rental from $580 to $3,220

Average Rent Value: $1,615 / month

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