Southeast Michigan Housing Report November 2024
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SEMI 5-County Summary
5,268
Oct New Listings
even with last month
3,849
New Pendings
+8% from last month
3,692
Closed Sales
+4% from last month
$201
Price Per Sq. Ft.
even with last month
$338K
Avg. Sale Price
even with from last month
All Price Ranges
| Aug ’24 | Sep ’24 | Oct ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 5,649 | 5,273 | 5,268 | 53,280 | 52,006 | -2% |
| New Pendings | 4,020 | 3,568 | 3,849 | 36,075 | 36,317 | 1% |
| Closed Sales | 3,848 | 3,551 | 3,692 | 33,830 | 33,865 | 0% |
| Price/SF | $207 | $201 | $201 | $184 | $199 | 9% |
| Avg Price | $352,841 | $336,502 | $337,807 | $308,619 | $334,927 | 9% |
<$250k
| Aug ’24 | Sep ’24 | Oct ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,548 | 2,408 | 2,435 | 26,662 | 24,098 | -10% |
| New Pendings | 1,803 | 1,600 | 1,802 | 17,995 | 16,558 | -8% |
| Closed Sales | 1,608 | 1,518 | 1,633 | 16,261 | 15,031 | -8% |
| Price/SF | $133 | $132 | $130 | $126 | $129 | 3% |
$250k to $500k
| Aug ’24 | Sep ’24 | Oct ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,067 | 1,921 | 1,936 | 17,818 | 18,244 | 2% |
| New Pendings | 1,537 | 1,385 | 1,451 | 13,216 | 13,794 | 4% |
| Closed Sales | 1,524 | 1,426 | 1,405 | 12,799 | 13,006 | 2% |
| Price/SF | $209 | $204 | $206 | $192 | $205 | 7% |
>$500k
| Aug ’24 | Sep ’24 | Oct ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,079 | 944 | 897 | 8,800 | 9,664 | 10% |
| New Pendings | 680 | 583 | 596 | 4,864 | 5,965 | 23% |
| Closed Sales | 716 | 607 | 654 | 4,770 | 5,828 | 22% |
| Price/SF | $269 | $264 | $267 | $246 | $264 | 7% |
