Page 22 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Grosse Ile

Single-Family Homes
MONTHLY Closed Sales

6
DEC NEW LISTINGS YOY Sales YOY $/SF
-45% from last month Oct +267% Monthly Sales and Avg $/SF Dec +27%
3 25 Nov -50% $250
Dec +57%
NEW PENDINGS 20 $200
-77% last month
11 15 $150
CLOSED SALES 10
+57% from last month $100
$221 5 $50
PRICE PER SQ FT
even with 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
-5% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 18 11 6 203 180 -11%
New Pendings 7 13 3 123 126 2%
Closed Sales 11 7 11 117 130 11%
Price/SF $163 $222 $221 $192 $197 3%
Avg Price $389,455 $504,286 $478,900 $450,809 $469,628 4%
<$350k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 6 5 1 67 48 -28%
New Pendings 2 3 - 48 40 -17%
Closed Sales 5 2 2 48 43 -10%
Price/SF $152 $216 $180 $157 $175 12%
$350k-$600k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 10 5 3 87 92 6%
New Pendings 3 10 2 52 62 19%
Closed Sales 5 2 8 45 63 40%
Price/SF $169 $182 $188 $182 $187 3%
>$600k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 2 1 2 49 40 -18%
New Pendings 2 - 1 23 24 4%
Closed Sales 1 3 1 24 24 0%
Price/SF $166 $250 $495 $241 $230 -4%
Data source: Realcomp MLS using Great Lakes Repository Data.

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