Southeast Michigan Housing Report February 2025
SEMI 5-County Summary
3,553
Jan New Listings
+24% from last month
2,775
New Pendings
+15% from last month
2,395
Closed Sales
-23% from last month
$189
Price Per Sq. Ft.
-2% from last month
$308K
Avg. Sale Price
-5% from last month
All Price Ranges
| Nov ’24 | Dec ’24 | Jan ’25 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 4,077 | 2,858 | 3,553 | 4,085 | 3,553 | -13% |
| New Pendings | 3,086 | 2,417 | 2,775 | 2,752 | 2,775 | 1% |
| Closed Sales | 3,195 | 3,092 | 2,395 | 2,360 | 2,395 | 1% |
| Price/SF | $196 | $193 | $189 | $180 | $189 | 5% |
| Avg Price | $325,352 | $323,219 | $307,568 | $290,364 | $307,568 | 6% |
<$250k
| Nov ’24 | Dec ’24 | Jan ’25 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,093 | 1,583 | 1,765 | 2,314 | 1,765 | -24% |
| New Pendings | 1,454 | 1,182 | 1,390 | 1,465 | 1,390 | -5% |
| Closed Sales | 1,437 | 1,396 | 1,217 | 1,284 | 1,217 | -5% |
| Price/SF | $129 | $217 | $129 | $125 | $129 | 4% |
$250k to $500k
| Nov ’24 | Dec ’24 | Jan ’25 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,392 | 868 | 1,184 | 1,137 | 1,184 | 4% |
| New Pendings | 1,197 | 904 | 1,002 | 923 | 1,002 | 9% |
| Closed Sales | 1,247 | 1,238 | 839 | 804 | 839 | 4% |
| Price/SF | $204 | $201 | $199 | $194 | $199 | 3% |
>$500k
| Nov ’24 | Dec ’24 | Nov ’25 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 592 | 407 | 604 | 634 | 604 | -5% |
| New Pendings | 435 | 331 | 383 | 364 | 383 | 5% |
| Closed Sales | 511 | 458 | 339 | 272 | 339 | 25% |
| Price/SF | $260 | $263 | $259 | $254 | $259 | 2% |
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