Southeast Michigan Housing Report May 2025
SEMI 5-County Summary
5,495
Apr New Listings
+18% from last month
3,634
New Pendings
+12% from last month
3,060
Closed Sales
+13% from last month
$209
Price Per Sq. Ft.
+7% from last month
$355K
Avg. Sale Price
+12% from last month
All Price Ranges
| Feb ’25 | Mar ’25 | Apr ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 3,422 | 4,659 | 5,495 | 18,736 | 17,216 | -8% |
| New Pendings | 2,557 | 3,248 | 3,634 | 12,500 | 12,074 | -3% |
| Closed Sales | 2,424 | 2,698 | 3,060 | 11,247 | 10,611 | -6% |
| Price/SF | $195 | $195 | $209 | $188 | $198 | 5% |
| Avg Price | $316,654 | $315,641 | $354,960 | $306,433 | $324,966 | 6% |
<$200k
| Feb ’25 | Mar ’25 | Apr ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 1,346 | 1,646 | 1,676 | 7,579 | 6,063 | -20% |
| New Pendings | 907 | 1,113 | 1,068 | 4,549 | 4, | -12% |
| Closed Sales | 815 | 924 | 918 | 4,146 | 3,564 | -14% |
| Price/SF | $107 | $106 | $110 | $105 | $108 | 2% |
$200k to $400k
| Feb ’25 | Mar ’25 | Apr ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 1,181 | 1,638 | 2,064 | 6,380 | 6,213 | -3% |
| New Pendings | 1,063 | 1,256 | 1,505 | 4,943 | 4,915 | -1% |
| Closed Sales | 1,032 | 1,086 | 1,240 | 4,509 | 4,338 | -4% |
| Price/SF | $194 | $198 | $200 | $190 | $196 | 3% |
>$400k
| Feb ’25 | Mar ’25 | Apr ’25 | YTD ’24 | YTD ’25 | YTD (+/-) | |
| Listings Taken | 895 | 1,375 | 1,755 | 4,777 | 4,940 | 3% |
| New Pendings | 587 | 879 | 1,061 | 3,008 | 3,138 | 4% |
| Closed Sales | 577 | 688 | 902 | 2,592 | 2,709 | 5% |
| Price/SF | $249 | $246 | $258 | $244 | $250 | 3% |
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