Page 19 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Detroit Single Family

Single-Family Homes
MONTHLY
656 Closed Sales

DEC NEW LISTINGS YOY Sales YOY $/SF
-19% from last month Oct +19% Monthly Sales and Avg $/SF Dec +5%
426 600 Nov +9% $90
Dec -1%
NEW PENDINGS 500
-12% from last month
400 $60
425
CLOSED SALES 300
-7% from last month 200 $30
$84 100
PRICE PER SQ FT
-4% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$114K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-3% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 997 811 656 11,800 11,625 -1%
New Pendings 594 482 426 5,640 5,917 5%
Closed Sales 536 459 425 4,966 5,372 8%
Price/SF $84 $87 $84 $78 $83 6%
Avg Price $107,838 $117,574 $114,310 $104,046 $109,434 5%
<$100k

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 476 389 340 7,529 6,295 -16%
New Pendings 347 268 258 3,534 3,436 -3%
Closed Sales 307 247 235 3,101 3,129 1%
Price/SF $52 $52 $51 $47 $50 6%
$100k-$300k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 472 385 285 3,850 4,780 24%
New Pendings 229 193 144 1,917 2,259 18%
Closed Sales 209 192 171 1,675 2,051 22%
Price/SF $109 $110 $107 $105 $109 4%
>$300k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 49 37 31 421 550 31%
New Pendings 18 21 24 189 222 17%
Closed Sales 20 20 19 190 192 1%
Price/SF $138 $135 $130 $144 $147 2%
Data source: Realcomp MLS using Great Lakes Repository Data.

Copyright 2025, Real Estate One