Page 18 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Grosse Pointe

Single-Family Homes
MONTHLY Closed Sales

34
DEC NEW LISTINGS YOY Sales YOY $/SF
-31% last month Monthly Sales and Avg $/SF
Oct +49% Dec +6%
35 120 Nov -20% $300
Dec -13%
NEW PENDINGS 100 $250
even with last month
80 $200
33
CLOSED SALES 60 $150
-11% from last month 40 $100
$219 20 $50
PRICE PER SQ FT
+4% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$479K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-10% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 72 49 34 941 849 -10%
New Pendings 47 35 35 613 617 1%
Closed Sales 55 37 33 595 609 2%
Price/SF $234 $210 $219 $210 $235 12%
Avg Price $508,323 $534,744 $478,693 $474,889 $561,442 18%
<$350k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 18 17 15 317 254 -20%
New Pendings 12 12 12 238 181 -24%
Closed Sales 21 9 11 226 177 -22%
Price/SF $208 $169 $187 $188 $203 8%
$350k-$750k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 31 24 13 471 416 -12%
New Pendings 28 19 19 300 327 9%
Closed Sales 23 24 18 293 323 10%
Price/SF $237 $202 $217 $209 $222 7%
>$750k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 23 8 6 153 179 17%
New Pendings 7 4 4 75 109 45%
Closed Sales 11 4 4 76 109 43%
Price/SF $247 $262 $252 $234 $272 16%
Data source: Realcomp MLS using Great Lakes Repository Data.

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