Page 15 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

West Bloomfield

Single-Family Homes
MONTHLY Closed Sales

34
DEC NEW LISTINGS YOY Sales YOY $/SF
-36% from last month Oct +51% Monthly Sales and Avg $/SF Dec +13%
31 100 Nov +14%
Dec +42%
NEW PENDINGS 80 $250
-31% from last month
$200
37 60 $150
CLOSED SALES 40
-10% from last month $100
$198 20 $50
PRICE PER SQ FT
-7% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$513K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-5% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 82 53 34 884 881 0%
New Pendings 41 45 31 561 550 -2%
Closed Sales 59 41 37 526 519 -1%
Price/SF $240 $213 $198 $200 $228 14%
Avg Price $616,537 $537,749 $513,224 $524,030 $593,935 13%
<$300k

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 8 9 5 91 90 -1%
New Pendings 9 8 1 74 66 -11%
Closed Sales 6 8 6 66 61 -8%
Price/SF $168 $171 $187 $174 $196 13%
$300k-$600k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 40 28 18 514 463 -10%
New Pendings 19 25 23 365 327 -10%
Closed Sales 31 22 21 337 307 -9%
Price/SF $199 $193 $190 $174 $189 8%
>$600k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 34 16 11 279 328 18%
New Pendings 13 12 7 122 157 29%
Closed Sales 22 11 10 123 151 23%
Price/SF $287 $247 $210 $254 $283 11%
Data source: Realcomp MLS using Great Lakes Repository Data.

Copyright 2025, Real Estate One