Southeast Michigan Housing Report April 2025
SEMI 5-County Summary
4,640
Mar New Listings
+37% from last month
3,463
New Pendings
+30% from last month
2,648
Closed Sales
+9% from last month
$195
Price Per Sq. Ft.
even with last month
$317K
Avg. Sale Price
even with last month
All Price Ranges
| Jan ’25 | Feb ’25 | Mar ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 3,588 | 3,376 | 4,640 | 13,036 | 11,604 | -11% |
| New Pendings | 2,700 | 2,645 | 3,463 | 9,025 | 8,808 | -2% |
| Closed Sales | 2,429 | 2,424 | 2,648 | 7,887 | 7,501 | -5% |
| Price/SF | $189 | $195 | $195 | $184 | $193 | 5% |
| Avg Price | $305,832 | $316,654 | $316,716 | $297,870 | $313,171 | 5% |
<$200k
| Jan ’25 | Feb ’25 | Mar ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 1,378 | 1,333 | 1,634 | 5,539 | 4,345 | -22% |
| New Pendings | 959 | 939 | 1,205 | 3,369 | 3,103 | -8% |
| Closed Sales | 907 | 815 | 904 | 3,044 | 2,626 | -14% |
| Price/SF | $108 | $107 | $106 | $105 | $107 | 2% |
$200k to $400k
| Jan ’25 | Feb ’25 | Mar ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 1,307 | 1,161 | 1,633 | 4,375 | 4,101 | -6% |
| New Pendings | 1,122 | 1,089 | 1,338 | 3,609 | 3,549 | -2% |
| Closed Sales | 980 | 1,032 | 1,065 | 3,123 | 3,077 | -1% |
| Price/SF | $191 | $194 | $198 | $188 | $194 | 3% |
>$400k
| Jan ’25 | Feb ’25 | Mar ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 903 | 882 | 1,373 | 3,122 | 3,158 | 1% |
| New Pendings | 619 | 617 | 920 | 2,047 | 2,156 | 5% |
| Closed Sales | 542 | 577 | 679 | 1,720 | 1,798 | 5% |
| Price/SF | $243 | $249 | $247 | $240 | $246 | 3% |
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