Page 30 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Sterling Heights

Single-Family Homes
MONTHLY Closed Sales

84
DEC NEW LISTINGS YOY Sales YOY $/SF
-15% from last month Oct +39 Monthly Sales and Avg $/SF Dec +5%
72 180 Nov +18% $250
Dec -1%
NEW PENDINGS 160
-14% from last month 140 $200
120
80 100 $150
CLOSED SALES 80
+1% from last month 60 $100
$198 40 $50
PRICE PER SQ FT 20
+3% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$330K 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 144 99 84 1,411 1,461 4%
New Pendings 99 84 72 1,059 1,059 0%
Closed Sales 110 79 80 1,010 1,040 3%
Price/SF $204 $192 $198 $186 $201 8%
Avg Price $346,189 $318,361 $330,370 $318,210 $340,909 7%
<$250k

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 14 9 12 209 147 -30%
New Pendings 6 10 11 192 116 -40%
Closed Sales 10 7 9 165 90 -45%
Price/SF $181 $137 $181 $176 $178 1%
$250k-$400k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 99 71 60 897 1,034 15%
New Pendings 82 62 52 710 774 9%
Closed Sales 77 64 59 699 756 8%
Price/SF $203 $194 $198 $185 $201 9%
>$400k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 31 19 12 305 280 -8%
New Pendings 11 12 9 157 169 8%
Closed Sales 23 8 12 146 194 33%
Price/SF $212 $207 $205 $195 $207 6%
Data source: Realcomp MLS using Great Lakes Repository Data.

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