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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 ’24Mar ’24Apr’ 24YTD ’23YTD ’24YTD (+/-)
Listings Taken3,8154,2725,10217,19416,947-1%
New Pendings2,9493,5244,03213,10413,2941%
Closed Sales2,5662,9593,24011,09211,1220%
Price/SF$181$191$198$173$1899%
Avg Price$289,807$310,934$327,857$286,222$306,6337%

<$250k

Feb ’24Mar ’24Apr ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken2,0362,0862,2748,9238,516-5%
New Pendings1,5081,7191,8656,8686,583-4%
Closed Sales1,3461,4621,4505,9065,542-6%
Price/SF$122$127$127$122$1252%

$250k to $500k

Feb ’24Mar ’24Apr ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken1,2231,4421,8315,5195,5541%
New Pendings1,0511,2771,4944,5864,7554%
Closed Sales8741,0551,2733,9054,0033%
Price/SF$199$201$204$184$2009%

>$500k

Feb ’24Mar ’24Apr ’24YTD ’23YTD ’24YTD (+/-)
Listings Taken5567449972,7522,8775%
New Pendings3905286731,6501,95619%
Closed Sales3464425171,2811,57723%
Price/SF$246$259$268$240$2598%

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