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McLean County Times

Sunday, December 22, 2024

Livingston County home valuations rose in October compared to the same period in 2023

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Kristy Masching, Clerk & Recorder of Livingston County | https://i0.wp.com/www.livingstoncounty-il.org/

Kristy Masching, Clerk & Recorder of Livingston County | https://i0.wp.com/www.livingstoncounty-il.org/

In October, the median sale price of a home in Livingston County rose by $13,000 from the same period in the previous year, while total sales decreased by 51.1%, according to BlockShopper.com.

There were 23 homes sold in October, with a median sale price of $115,000 — a 12.7% increase over the $102,000 median sale price during the same period of the previous year. In comparison, 47 homes were sold in Livingston County in October 2023.

Based on the latest available data from 2021, the median sales tax in Livingston County was $2,252, which stands at 2% of October's median home sale price.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Livingston County from October 2023 to October 2024.

October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024June 2024July 2024August 2024September 2024October 2024$102,000$102,000$90,750$90,750$92,500$92,500$150,000$150,000$99,250$99,250$152,000$152,000$96,000$96,000$68,000$68,000$208,500$208,500$134,900$134,900$150,500$150,500$142,500$142,500$115,000$115,000

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