Southeast Michigan Housing Report October 2024
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SEMI 5-County Summary
5,256
Sep New Listings
-7% from last month
3,669
New Pendings
-10% from last month
3,434
Closed Sales
-11% from last month
$201
Price Per Sq. Ft.
-3% from last month
$338K
Avg. Sale Price
-4% from last month
All Price Ranges
| Jul ’24 | Aug ’24 | Sep ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 5,842 | 5,649 | 5,256 | 47,526 | 46,369 | -2% |
| New Pendings | 3,916 | 4,083 | 3,669 | 32,735 | 32,726 | 0% |
| Closed Sales | 4,059 | 3,848 | 3,434 | 30,363 | 30,054 | -1% |
| Price/SF | $209 | $207 | $201 | $184 | $199 | 8% |
| Avg Price | $365,443 | $352,841 | $337,637 | $309,619 | $334,701 | 8% |
<$250k
| Jul ’24 | Aug ’24 | Sep ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2.505 | 2,518 | 2,376 | 23,570 | 21,460 | -9% |
| New Pendings | 1,642 | 1,845 | 1,678 | 16,245 | 14,942 | -8% |
| Closed Sales | 1,576 | 1,608 | 1,455 | 14,569 | 13,334 | -8% |
| Price/SF | $134 | $133 | $133 | $126 | $129 | 2% |
$250k to $500k
| Jul ’24 | Aug ’24 | Sep ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,177 | 2,056 | 1,922 | 16,025 | 16,200 | 1% |
| New Pendings | 1,598 | 1,554 | 1,407 | 12,011 | 12,405 | 3% |
| Closed Sales | 1,653 | 1,524 | 1,388 | 11,474 | 11,562 | 1% |
| Price/SF | $208 | $209 | $204 | $192 | $205 | 7% |
>$500k
| Jul ’24 | Aug ’24 | Sep ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,160 | 1,075 | 958 | 7,931 | 8,709 | 10% |
| New Pendings | 676 | 684 | 584 | 4,479 | 5,379 | 20% |
| Closed Sales | 830 | 716 | 591 | 4,320 | 5,158 | 19% |
| Price/SF | $264 | $269 | $265 | $246 | $264 | 7% |
