Blog > Housing Report > Southeast Michigan > Southeast Michigan October 2022

Southeast Michigan October 2022

Subscribe

Get the latest Michigan Housing Reports delivered straight to your inbox!

Select report(s) to receive:

Topics

5,603

Sept New Listings
-12% from last month

4,119

New Pendings
-19% from last month

4,376

Closed Sales
-7% from last month

$298K

Avg Sale Price
-7% from last month

$179

YTD Price Per Sq Ft
-4% from last month

5-County Summary

All Price Ranges

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales3,7663,9753,72233,34331,404-6%
New Pendings3,9864,3443,50836,85434,042-8%
New Listings5,8655,3744,73045,87844,910-2%
Price/SF$189$186$179$168$1839%
Avg Price$325,764$320,920$297,522$293,430$310,5276%

<$300k

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales2,1132,2662,25920,83318,687-10%
New Pendings2,3662,6962,21523,84321,067-12%
New Listings3,3933,3332,93428,69026,824-7%
Price/SF$149$146$144$136$1435%

$300k to $800k

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales1,5161,5801,37911,65811,7201%
New Pendings1,4981,5391,19512,03011,925-1%
New Listings2,2461,8111,58415,27716,1186%
Price/SF$201$199$198$184$2009%

>$800k

JulAugSepYTD ’21YTD ’22YTD (+/-)
Closed Sales1371298485299717%
New Pendings122109989811,0507%
New Listings2262302121,9111,9683%
Price/SF$306$311$296$281$3028%

Get our Michigan Housing Market Reports right in your inbox

Which report(s) would you like to receive?

Featured Stories

View all →

Michigan Property Taxes in a Nutshell

2 minutes After several years of rapidly rising prices and mild inflation (until the past two years) homebuyers and sellers need to be aware of the potential for a significant jump between [...]

Read More

Southeast Michigan 2024 Housing: Trends and Predictions

2 minutes Through the first half of 2024, expect demand to continue to outweigh supply. However, as the year progresses, expect to see inventory gradually rise into a more balanced position as [...]

Read More

’23 Market Summary and ’24 Predictions

< 1 minute After a few years of supply shortages, inventory began to return to more normal levels in the second half of 2023. Demand remains strong and buyers continue to wait for [...]

Read More

View all featured stories →