Southeast Michigan Housing Report February 2024
SEMI 5-County Summary
4,964
Jan New Listings
+6% from last month
2,955
New Pendings
+6% from last month
2,270
Closed Sales
-22% from last month
$181
Price Per Sq. Ft.
+2% from last month
$290K
Avg. Sale Price
+1% from last month
All Price Ranges
| Nov ’23 | Dec ’23 | Jan ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 5,301 | 4,681 | 4,964 | 3,869 | 4,964 | 27% |
| New Pendings | 3,273 | 2,784 | 2,955 | 3,063 | 2,955 | -4% |
| Closed Sales | 3,039 | 2,926 | 2,270 | 2,290 | 2,270 | -1% |
| Price/SF | $184 | $177 | $181 | $166 | $181 | 9% |
| Avg Price | $299,884 | $287,818 | $290,076 | $267,297 | $290,076 | 9% |
<$250k
| Nov ’23 | Dec ’23 | Jan ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,939 | 2,835 | 2,837 | 2,153 | 2,837 | 32% |
| New Pendings | 1,794 | 1,568 | 1,617 | 1,712 | 1,617 | -6% |
| Closed Sales | 1,558 | 1,567 | 1,232 | 1,329 | 1,232 | -7% |
| Price/SF | $125 | $126 | $125 | $122 | $125 | 2% |
$250k to $500k
| Nov ’23 | Dec ’23 | Jan ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,581 | 1,246 | 1,366 | 1,204 | 1,366 | 13% |
| New Pendings | 1,096 | 921 | 962 | 1,026 | 962 | -6% |
| Closed Sales | 1,108 | 1,021 | 778 | 738 | 778 | 5% |
| Price/SF | $194 | $190 | $195 | $179 | $195 | 9% |
>$500k
| Nov ’23 | Dec ’23 | Jan ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 781 | 600 | 761 | 539 | 761 | 41% |
| New Pendings | 383 | 295 | 376 | 325 | 376 | 16% |
| Closed Sales | 373 | 338 | 260 | 223 | 260 | 17% |
| Price/SF | $259 | $246 | $255 | $237 | $255 | 8% |
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