Page 17 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Wayne County

Single-Family Homes
MONTHLY
1,358 Closed Sales

DEC NEW LISTINGS YOY Sales YOY $/SF
-25% from last month Oct +8% Monthly Sales and Avg $/SF Dec +11%
1,073 1800 Nov +4% $175
Dec +1%
NEW PENDINGS 1600 $150
-19% from last month 1400
1200 $125
1,213 1000 $100
CLOSED SALES 800 $75
-8% from last month 600 $50
$156 400 $25
PRICE PER SQ FT 200
-3% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$228K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-2% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 2,394 1,808 1,358 26,884 26,658 -1%
New Pendings 1,594 1,325 1,073 16,941 17,022 0%
Closed Sales 1,530 1,323 1,213 15,784 16,131 2%
Price/SF $161 $161 $156 $148 $160 8%
Avg Price $231,129 $232,332 $228,087 $215,437 $232,563 8%
<$200k

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 1,416 1,135 892 17,381 16,017 -8%
New Pendings 913 778 655 10,296 9,584 -7%
Closed Sales 810 691 676 9,149 8,627 -6%
Price/SF $98 $100 $98 $97 $98 1%
$200k-$500k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 818 589 401 7,944 8,811 11%
New Pendings 587 466 370 5,684 6,268 10%
Closed Sales 606 534 463 5,662 6,291 11%
Price/SF $192 $187 $186 $180 $190 5%
>$500k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 160 84 65 1,559 1,830 17%
New Pendings 94 81 48 961 1,170 22%
Closed Sales 114 98 74 973 1,213 25%
Price/SF $243 $247 $256 $225 $245 9%
Data source: Realcomp MLS using Great Lakes Repository Data.

Copyright 2025, Real Estate One