Page 6 - Housing Report - January 2025

JAN 2025
SEMI HOUSING REPORT

Birmingham/Bloomfield Hills

Single-Family Homes
MONTHLY Closed Sales

34
DEC NEW LISTINGS YOY Sales YOY $/SF
-19% from last month Oct +31% Monthly Sales and Avg $/SF Dec -16%
25 60 Nov -28% $500
Dec +22%
NEW PENDINGS 50
+14% from last month $400
40
28 $300
CLOSED SALES 30
even with last month 20 $200
$412 10 $100
PRICE PER SQ FT
-5% from last month 0 $-
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
$1.17M Sales '22 Sales '23 Sales '24
AVG SALE PRICE
-11% from last month $/SF '22 $/SF '23 $/SF '24

All Price Ranges

Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 62 42 34 864 881 2%
New Pendings 36 22 25 417 464 11%
Closed Sales 38 28 28 391 439 12%
Price/SF $395 $435 $412 $390 $426 9%
Avg Price $1.134m $1.131m $1.173m $1.103m $1.275m 16%
<$700k
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 16 10 11 215 211 -2%
New Pendings 10 8 8 161 158 -2%
Closed Sales 12 9 10 156 142 -9%
Price/SF $340 $315 $335 $288 $325 13%
$700k-$1.4m
Oct '24 Nov '24 Dec '24 YTD
'23 '24 (+/-)
Listings Taken 24 11 10 278 270 -3%
New Pendings 12 10 11 140 168 20%
Closed Sales 16 10 11 134 166 24%
Price/SF $332 $386 $332 $331 $355 7%
>$1.4m
YTD
Oct '24 Nov '24 Dec '24
'23 '24 (+/-)
Listings Taken 22 21 13 371 400 8%
New Pendings 14 4 6 116 138 19%
Closed Sales 10 9 7 101 131 30%
Price/SF $493 $506 $512 $495 $514 4%
Data source: Realcomp MLS using Great Lakes Repository Data.

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