Southeast Michigan Housing Report December 2024
SEMI 5-County Summary
4,773
Nov New Listings
-29% from last month
3,737
New Pendings
-16% from last month
3,661
Closed Sales
-20% from last month
$201
Price Per Sq. Ft.
even with last month
$325K
Avg. Sale Price
even with from last month
All Price Ranges
| Sep ’24 | Oct ’24 | Nov ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 7,042 | 6,755 | 4,773 | 67,903 | 69,194 | 2% |
| New Pendings | 4,276 | 4,470 | 3,737 | 46,367 | 46,786 | 1% |
| Closed Sales | 4,185 | 4,506 | 3,621 | 43,927 | 44,072 | 0% |
| Price/SF | $202 | $200 | $201 | $184 | $199 | 8% |
| Avg Price | $330,204 | $326,749 | $325,270 | $300,316 | $325,263 | 8% |
<$250k
| Sep ’24 | Oct ’24 | Nov ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,398 | 2,372 | 1,873 | 26,604 | 24,612 | -7% |
| New Pendings | 1,403 | 1,573 | 1,385 | 17,720 | 15,847 | -11% |
| Closed Sales | 1,295 | 1,448 | 1,175 | 15,937 | 14,201 | -11% |
| Price/SF | $116 | $112 | $114 | $111 | $112 | 1% |
$250k to $500k
| Sep ’24 | Oct ’24 | Nov ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,757 | 2,603 | 1,859 | 24,821 | 26,282 | 6% |
| New Pendings | 1,813 | 1,831 | 1,540 | 18,728 | 19,575 | 5% |
| Closed Sales | 1,809 | 1,892 | 1,555 | 18,192 | 18,721 | 3% |
| Price/SF | $196 | $195 | $194 | $185 | $195 | 5% |
>$500k
| Sep ’24 | Oct ’24 | Nov ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,887 | 1,780 | 1,041 | 16,478 | 18,300 | 11% |
| New Pendings | 1,060 | 1,066 | 812 | 9,919 | 11,364 | 15% |
| Closed Sales | 1,081 | 1,166 | 891 | 9,798 | 11,150 | 14% |
| Price/SF | $252 | $252 | $257 | $233 | $251 | 8% |
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