Page 16 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

West Woodward Corridor

Ferndale, Pleasant Ridge, Huntington Woods, Berkley
MONTHLY
53 Closed Sales

DEC NEW LISTINGS YOY Sales YOY $/SF
-23% from last month Oct +25% Monthly Sales and Avg $/SF Dec +2%
42 140 Nov +22% $350
Dec -2%
NEW PENDINGS 120 $300
-33% from last month
100 $250
53 80 $200
CLOSED SALES 60 $150
-20% from last month 40 $100
$247 20 $50
PRICE PER SQ FT
-4% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$298K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-4% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 102 69 53 1,054 1,077 2%
New Pendings 70 63 42 787 803 2%
Closed Sales 71 66 53 749 783 5%
Price/SF $270 $258 $247 $249 $265 6%
Avg Price $352,730 $309,714 $298,278 $327,766 $339,150 3%
<$200k

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 16 14 7 174 142 -18%
New Pendings 10 11 4 130 104 -20%
Closed Sales 5 9 11 110 104 -5%
Price/SF $179 $193 $192 $188 $194 3%
$200k-$350k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 50 37 29 551 563 2%
New Pendings 40 27 26 428 428 0%
Closed Sales 38 37 26 393 400 2%
Price/SF $257 $254 $235 $244 $251 3%
>$350k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 36 18 17 329 372 13%
New Pendings 20 25 12 229 271 18%
Closed Sales 28 20 16 246 279 13%
Price/SF $289 $280 $285 $268 $291 9%
Data source: Realcomp MLS using Great Lakes Repository Data.

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