Southeast Michigan Housing Report May 2024
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SEMI 5-County Summary
5,102
Apr New Listings
+19% from last month
4,032
New Pendings
+14% from last month
3,240
Closed Sales
+9% from last month
$198
Price Per Sq. Ft.
+4% from last month
$328K
Avg. Sale Price
+5% from last month
All Price Ranges
| Feb ’24 | Mar ’24 | Apr’ 24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 3,815 | 4,272 | 5,102 | 17,194 | 16,947 | -1% |
| New Pendings | 2,949 | 3,524 | 4,032 | 13,104 | 13,294 | 1% |
| Closed Sales | 2,566 | 2,959 | 3,240 | 11,092 | 11,122 | 0% |
| Price/SF | $181 | $191 | $198 | $173 | $189 | 9% |
| Avg Price | $289,807 | $310,934 | $327,857 | $286,222 | $306,633 | 7% |
<$250k
| Feb ’24 | Mar ’24 | Apr ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,036 | 2,086 | 2,274 | 8,923 | 8,516 | -5% |
| New Pendings | 1,508 | 1,719 | 1,865 | 6,868 | 6,583 | -4% |
| Closed Sales | 1,346 | 1,462 | 1,450 | 5,906 | 5,542 | -6% |
| Price/SF | $122 | $127 | $127 | $122 | $125 | 2% |
$250k to $500k
| Feb ’24 | Mar ’24 | Apr ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,223 | 1,442 | 1,831 | 5,519 | 5,554 | 1% |
| New Pendings | 1,051 | 1,277 | 1,494 | 4,586 | 4,755 | 4% |
| Closed Sales | 874 | 1,055 | 1,273 | 3,905 | 4,003 | 3% |
| Price/SF | $199 | $201 | $204 | $184 | $200 | 9% |
>$500k
| Feb ’24 | Mar ’24 | Apr ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 556 | 744 | 997 | 2,752 | 2,877 | 5% |
| New Pendings | 390 | 528 | 673 | 1,650 | 1,956 | 19% |
| Closed Sales | 346 | 442 | 517 | 1,281 | 1,577 | 23% |
| Price/SF | $246 | $259 | $268 | $240 | $259 | 8% |
