Southeast Michigan Housing Report March 2025
SEMI 5-County Summary
3,360
Feb New Listings
-5% from last month
2,588
New Pendings
-3% from last month
2,396
Closed Sales
-1% from last month
$195
Price Per Sq. Ft.
+3% from last month
$317K
Avg. Sale Price
+4% from last month
All Price Ranges
| Dec ’24 | Jan ’25 | Feb ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 2,884 | 3,553 | 3,360 | 8,313 | 6,913 | -17% |
| New Pendings | 2,449 | 2,671 | 2,588 | 5,520 | 5,259 | -5% |
| Closed Sales | 3,097 | 2,429 | 2,396 | 4,926 | 4,825 | -2% |
| Price/SF | $193 | $189 | $195 | $180 | $192 | 6% |
| Avg Price | $322,091 | $305,832 | $316,728 | $290,073 | $311,242 | 7% |
<$200k
| Dec ’24 | Jan ’25 | Feb ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 1,241 | 1,363 | 1,324 | 3,683 | 2,687 | -27% |
| New Pendings | 886 | 958 | 932 | 2,133 | 1,890 | -11% |
| Closed Sales | 1,027 | 907 | 809 | 1,958 | 1,716 | -12% |
| Price/SF | $107 | $108 | $106 | $105 | $107 | 3% |
$200k to $400k
| Dec ’24 | Jan ’25 | Feb ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 1,045 | 1,296 | 1,159 | 2,776 | 2,455 | -12% |
| New Pendings | 988 | 1,103 | 1,066 | 2,199 | 2,169 | -1% |
| Closed Sales | 1,288 | 980 | 1,015 | 1,950 | 1,995 | 2% |
| Price/SF | $192 | $191 | $194 | $185 | $193 | 4% |
>$400k
| Dec ’24 | Jan ’25 | Feb ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 598 | 894 | 877 | 1,854 | 1,771 | -4% |
| New Pendings | 575 | 610 | 590 | 1,188 | 1,200 | 1% |
| Closed Sales | 782 | 542 | 572 | 1,018 | 1,114 | 9% |
| Price/SF | $245 | $243 | $249 | $237 | $246 | 4% |
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