Southeast Michigan Housing Report March 2024
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SEMI 5-County Summary
3,745
Feb New Listings
+2% from last month
3,048
New Pendings
+7% from last month
2,499
Closed Sales
+6% from last month
$182
Price Per Sq. Ft.
+1% from last month
$292K
Avg. Sale Price
+1% from last month
All Price Ranges
| Dec ’23 | Jan ’24 | Feb ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 3,417 | 3,664 | 3,745 | 7,361 | 7,409 | 1% |
| New Pendings | 2,685 | 2,857 | 3,048 | 5,987 | 5,905 | -1% |
| Closed Sales | 2,927 | 2,357 | 2,499 | 4,853 | 4,856 | 0% |
| Price/SF | $177 | $181 | $182 | $167 | $181 | 9% |
| Avg Price | $287,817 | $290,377 | $291,950 | $273,712 | $291,186 | 6% |
<$250k
| Dec ’23 | Jan ’24 | Feb ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,063 | 2,062 | 1,974 | 4,047 | 4,036 | 0% |
| New Pendings | 1,512 | 1,541 | 1,580 | 3,255 | 3,121 | -4% |
| Closed Sales | 1,567 | 1,284 | 1,300 | 2,692 | 2,584 | -4% |
| Price/SF | $126 | $125 | $124 | $121 | $124 | 3% |
$250k to $500k
| Dec ’23 | Jan ’24 | Feb ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 940 | 1,044 | 1,218 | 2,240 | 2,262 | 1% |
| New Pendings | 899 | 946 | 1,076 | 2,060 | 2,022 | -2% |
| Closed Sales | 1,022 | 801 | 862 | 1,667 | 1,663 | 0% |
| Price/SF | $190 | $195 | $198 | $179 | $197 | 10% |
>$500k
| Dec ’23 | Jan ’24 | Feb ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 414 | 558 | 553 | 1,074 | 1,111 | 3% |
| New Pendings | 274 | 370 | 392 | 672 | 762 | 13% |
| Closed Sales | 338 | 272 | 337 | 494 | 609 | 23% |
| Price/SF | $246 | $255 | $247 | $234 | $251 | 7% |
