Southeast Michigan Housing Report April 2024
SEMI 5-County Summary
4,242
Mar New Listings
+12% from last month
3,612
New Pendings
+20% from last month
2,914
Closed Sales
+14% from last month
$191
Price Per Sq. Ft.
+5% from last month
$312K
Avg. Sale Price
+8% from last month
All Price Ranges
| Jan ’24 | Feb ’24 | Mar ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 3,715 | 3,773 | 4,242 | 12,162 | 11,730 | -4% |
| New Pendings | 2,833 | 3,004 | 3,612 | 9,362 | 9,449 | 1% |
| Closed Sales | 2,357 | 2,565 | 2,914 | 8,141 | 7,736 | -4% |
| Price/SF | $181 | $181 | $191 | $170 | $185 | 9% |
| Avg Price | $290,377 | $289,783 | $311,908 | $281,248 | $298,189 | 6% |
<$250k
| Jan ’24 | Feb ’24 | Mar ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 2,094 | 2,005 | 2,062 | 6,533 | 6,161 | -6% |
| New Pendings | 1,521 | 1,546 | 1,785 | 5,065 | 4,852 | -4% |
| Closed Sales | 1,284 | 1,346 | 1,435 | 4,416 | 4,065 | -8% |
| Price/SF | $125 | $122 | $127 | $122 | $125 | 3% |
$250k to $500k
| Jan ’24 | Feb ’24 | Mar ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 1,054 | 1,219 | 1,436 | 3,787 | 3,709 | 2% |
| New Pendings | 945 | 1,066 | 1,291 | 3,196 | 3,302 | 3% |
| Closed Sales | 801 | 873 | 1,041 | 2,830 | 2,715 | -4% |
| Price/SF | $195 | $199 | $201 | $182 | $198 | 9% |
>$500k
| Jan ’24 | Feb ’24 | Mar ’24 | YTD ’23 | YTD ’24 | YTD (+/-) | |
| Listings Taken | 567 | 549 | 744 | 1,842 | 1,860 | 1% |
| New Pendings | 367 | 392 | 536 | 1,101 | 1,295 | 18% |
| Closed Sales | 272 | 346 | 438 | 895 | 1,056 | 18% |
| Price/SF | $255 | $246 | $259 | $236 | $254 | 8% |
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