Southeast Michigan Housing Report September 2024
SEMI 5-County Summary
5,649
Aug New Listings
-2% from last month
4,183
New Pendings
+6% from last month
3,746
Closed Sales
-8% from last month
$207
Price Per Sq. Ft.
-1% from last month
$355K
Avg. Sale Price
-3% from last month
All Price Ranges
| Jun ’24 | Jul ’24 | Aug ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 5,615 | 5,793 | 5,649 | 41,902 | 40,659 | -3% |
| New Pendings | 4,228 | 3,931 | 4,183 | 29,309 | 29,211 | 0% |
| Closed Sales | 3,712 | 4,050 | 3,746 | 26,723 | 26,509 | -1% |
| Price/SF | $205 | $209 | $207 | $183 | $199 | 9% |
| Avg Price | $348,881 | $365,830 | $355,463 | $309,119 | $334,670 | 8% |
<$250k
| Jun ’24 | Jul ’24 | Aug ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,417 | 2,482 | 2,496 | 20,647 | 18,840 | -9% |
| New Pendings | 1,774 | 1,666 | 1,916 | 14,498 | 13,396 | -8% |
| Closed Sales | 1,499 | 1,570 | 1,552 | 12,860 | 11,817 | -8% |
| Price/SF | $131 | $134 | $133 | $125 | $129 | 3% |
$250k to $500k
| Jun ’24 | Jul ’24 | Aug ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,989 | 2,160 | 2,067 | 14,219 | 14,142 | -1% |
| New Pendings | 1,637 | 1,595 | 1,570 | 10,763 | 11,018 | 2% |
| Closed Sales | 1,501 | 1,650 | 1,486 | 10,051 | 10,133 | 1% |
| Price/SF | $206 | $208 | $209 | $192 | $205 | 7% |
>$500k
| Jun ’24 | Jul ’24 | Aug ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,209 | 1,151 | 1,086 | 7,036 | 7,677 | 9% |
| New Pendings | 817 | 670 | 697 | 4,048 | 4,797 | 19% |
| Closed Sales | 712 | 830 | 708 | 3,812 | 4,559 | 20% |
| Price/SF | $266 | $264 | $269 | $245 | $264 | 8% |
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