Mar. New Listings
+44% from last month
New Pendings
+29% from last month
Closed Sales
+50% from last month
Price Per SQ FT
+2% from last month
Avg. Sale Price
-2% from last month
Property Type | Jan ’23 | Feb ’23 | Mar ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
All Combined | Sales | 106 | 126 | 189 | 21% | -16% |
Avg. Price | $399,489 | $450,491 | $442,574 | 30% | -2% | |
Waterfront | Sales | 14 | 20 | 28 | 7% | -13% |
Avg. Price | $803,743 | $948,932 | $802,714 | 41% | -10% | |
Non-Waterfront | Sales | 80 | 86 | 122 | 35% | -9% |
Avg. Price | $341,825 | $374,527 | $382,714 | 23% | -2% | |
Condo | Sales | 12 | 20 | 39 | -7% | -35% |
Avg. Price | $312,283 | $278,695 | $371,269 | 50% | 8% |
Price Range | Jan ’23 | Feb ’23 | Mar ’23 | YTD ’23 vs. ’21 | YTD ’23 vs. ’22 | |
All Combined | Sales | 106 | 126 | 189 | 21% | -16% |
$/SF | $216 | $250 | $255 | 33% | 1% | |
Avg. Price | $399,489 | $450,491 | $442,574 | 30% | -2% | |
<$350k | Sales | 55 | 63 | 91 | -12% | -29% |
$/SF | $154 | $181 | $181 | 21% | 2% | |
$350k-$700k | Sales | 42 | 47 | 70 | 85% | 19% |
$/SF | $221 | $229 | $251 | 22% | 7% | |
>$700k | Sales | 9 | 16 | 28 | 121% | -24% |
$/SF | $370 | $388 | $369 | 24% | -2% |
Mar. New Listings
+88% from last month
New Pendings
+21% from last month
Closed Sales
+40% from last month
Price Per SQ FT
-2% from last month
Avg. Sale Price
-15% from last month
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 32 | 25 | 47 | 96 | 104 | 8% |
New Pendings | 19 | 14 | 17 | 72 | 50 | -31% |
Closed Sales | 14 | 20 | 28 | 71 | 62 | -13% |
Price/SF | $312 | $374 | $367 | $378 | $356 | -6% |
Avg Price | $803,743 | $948,932 | $802,714 | $942,349 | $850,114 | -10% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 12 | 7 | 14 | 28 | 33 | 18% |
New Pendings | 10 | 2 | 7 | 23 | 19 | -17% |
Closed Sales | 4 | 10 | 12 | 24 | 26 | 8% |
Price/SF | $192 | $194 | $221 | $192 | $206 | 7% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 6 | 4 | 12 | 31 | 22 | -29% |
New Pendings | 5 | 7 | 5 | 29 | 17 | -41% |
Closed Sales | 6 | 4 | 8 | 22 | 18 | -18% |
Price/SF | $257 | $232 | $331 | $318 | $281 | -12% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 14 | 14 | 21 | 37 | 49 | 32% |
New Pendings | 4 | 5 | 5 | 20 | 14 | -30% |
Closed Sales | 4 | 6 | 8 | 25 | 18 | -28% |
Price/SF | $429 | $589 | $511 | $491 | $521 | 6% |
Mar. New Listings
-55% from last month
New Pendings
+14% from last month
Closed Sales
+42% from last month
Price Per SQ FT
+4% from last month
Avg. Sale Price
+2% from last month
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 120 | 91 | 141 | 358 | 352 | -2% |
New Pendings | 102 | 76 | 87 | 330 | 265 | -20% |
Closed Sales | 80 | 86 | 122 | 318 | 288 | -9% |
Price/SF | $188 | $206 | $214 | $198 | $204 | 3% |
Avg. Price | $341,825 | $374,527 | $382,714 | $377,704 | $368,911 | -2% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 40 | 30 | 44 | 169 | 114 | -33% |
New Pendings | 35 | 34 | 32 | 163 | 101 | -38% |
Closed Sales | 35 | 33 | 44 | 150 | 112 | -25% |
Price/SF | $130 | $155 | $156 | $150 | $147 | -2% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 67 | 41 | 71 | 144 | 179 | 24% |
New Pendings | 60 | 31 | 42 | 127 | 133 | 5% |
Closed Sales | 40 | 44 | 61 | 124 | 145 | 17% |
Price/SF | $208 | $218 | $219 | $192 | $216 | 12% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 13 | 20 | 26 | 45 | 59 | 31% |
New Pendings | 7 | 11 | 13 | 40 | 31 | -23% |
Closed Sales | 5 | 9 | 17 | 44 | 31 | -30% |
Price/SF | $258 | $247 | $265 | $267 | $258 | -3% |
Mar. New Listings
+2% from last month
New Pendings
+90% from last month
Closed Sales
+95% from last month
Price Per SQ FT
+4% from last month
Avg. Sale Price
+33% from last month
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 43 | 50 | 51 | 150 | 144 | -4% |
New Pendings | 22 | 20 | 38 | 124 | 80 | -35% |
Closed Sales | 12 | 20 | 39 | 110 | 71 | -35% |
Price/SF | $253 | $287 | $297 | $250 | $287 | 15% |
Avg. Price | $312,283 | $278,695 | $371,269 | $311,270 | $335,223 | 8% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 20 | 8 | 11 | 37 | 39 | 5% |
New Pendings | 13 | 11 | 8 | 38 | 32 | -16% |
Closed Sales | 5 | 11 | 12 | 41 | 28 | -32% |
Price/SF | $188 | $253 | $199 | $142 | $216 | 52% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 18 | 21 | 28 | 77 | 67 | -13% |
New Pendings | 9 | 8 | 22 | 65 | 39 | -40% |
Closed Sales | 6 | 8 | 20 | 54 | 34 | -37% |
Price/SF | $306 | $304 | $328 | $282 | $318 | 13% |
Jan ’23 | Feb ’23 | Mar ’23 | YTD ’22 | YTD ’23 | YTD (+/-) | |
Listings Taken | 5 | 21 | 12 | 36 | 38 | 6% |
New Pendings | - | 1 | 8 | 21 | 9 | -57% |
Closed Sales | 1 | 1 | 7 | 15 | 9 | -40% |
Price/SF | $251 | $389 | $327 | $361 | $321 | -11% |
Michigan Property Taxes in a Nutshell
2 minutes
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After several years of rapidly rising prices and mild inflation (until the past two years) homebuyers and sellers need to be aware of the potential for a significant jump between [...]
Southeast Michigan 2024 Housing: Trends and Predictions
2 minutes
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Through the first half of 2024, expect demand to continue to outweigh supply. However, as the year progresses, expect to see inventory gradually rise into a more balanced position as [...]
’23 Market Summary and ’24 Predictions
< 1 minute
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After a few years of supply shortages, inventory began to return to more normal levels in the second half of 2023. Demand remains strong and buyers continue to wait for [...]