Page 4 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

SEMI 5-County Summary

MONTHLY Closed Single-Family Sales

2,840
DEC NEW LISTINGS YOY Sales YOY $/SF
-30% from last month Aug +9% Monthly Sales and Avg $/SF Dec +9%
2,488 6000 Sep +5% $250
Oct +3%
NEW PENDINGS 5000 $200
-21% from last month
4000
3,020 3000 $150
CLOSED SALES $100
-5% from last month 2000
$193 1000 $50
PRICE PER SQ FT 0 $-
-1% from last month
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$323K Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-1% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 5,580 4,038 2,840 61,831 61,658 0%
New Pendings 3,765 3,138 2,488 41,706 41,756 0%
Closed Sales 3,774 3,195 3,020 39,798 40,170 1%
Price/SF $201 $196 $193 $183 $199 9%
Avg Price $337,374 $325,352 $323,397 $306,416 $333,420 9%
<$250k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 2,592 2,064 1,562 31,547 29,065 -8%
New Pendings 1,751 1,502 1,232 21,081 19,161 -9%
Closed Sales 1,679 1,437 1,359 19,388 17,875 -8%
Price/SF $129 $129 $126 $126 $129 2%
$250k-$500k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 2,038 1,386 874 20,329 21,354 5%
New Pendings 1,422 1,201 920 15,138 15,863 5%
Closed Sales 1,424 1,247 1,212 14,929 15,487 4%
Price/SF $206 $204 $201 $192 $205 6%
>$500k
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 950 588 404 9,955 11,239 13%
New Pendings 592 435 336 5,487 6,732 23%
Closed Sales 671 511 449 5,481 6,808 24%
Price/SF $267 $260 $263 $247 $264 7%
Data source: Realcomp MLS using Great Lakes Repository Data.

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