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Southeast Michigan Housing Report January 2025

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SEMI 5-County Summary

2,840

Dec New Listings
-30% from last month

2,488

New Pendings
-21% from last month

3,020

Closed Sales
-5% from last month

$193

Price Per Sq. Ft.
-1% from last month

$323K

Avg. Sale Price
-1% from last month

All Price Ranges

Oct ’24Nov ’24Dec ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken5,5804,0382,84061,83161,6580%
New Pendings3,7653,1382,48841,70641,7560%
Closed Sales3,7743,1953,02039,79840,1701%
Price/SF$201$196$193$183$1999%
Avg Price$337,374$325,352$323,397$306,416$333,4209%

<$250k

Oct ’24Nov ’24Dec ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken2,5922,0641,56231,54729,065-8%
New Pendings1,7511,5021,23221,08119,161-9%
Closed Sales1,6791,4371,35919,38817,875-8%
Price/SF$129$129$126$126$1292%

$250k to $500k

Oct ’24Nov ’24Dec ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken2,0381,38687420,32921,3545%
New Pendings1,4221,20192015,13815,8635%
Closed Sales1,4241,2471,21214,92915,4874%
Price/SF$206$204$201$192$2056%

>$500k

Oct ’24Nov ’24Dec ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken9505884049,95511,23913%
New Pendings5924353365,4876,73223%
Closed Sales6715114495,4816,80824%
Price/SF$267$260$263$247$2647%

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