Blog > Housing Report > Southeast Michigan > Southeast Michigan November 2021

Southeast Michigan November 2021


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

Select report(s) to receive:



Available Listings
-11% from last month


New Pendings
-13% from last month


YTD Closed Sales
+7% from last year


YTD Avg Sale Price
+14% from last year


YTD Price Per Sq Ft
+15% from last year


The fierce buyer competition seen in the early months of this year have been a tough act to follow. Spring bidding wars caused average sale price and price per square foot to peak in June at $319k and $178 (see chart above). While prices and sales have tailed off slightly since, YTD closed sales, average sale price, and price per square foot are all up—7%, 14% and 15% respectively. Prior to the pandemic, demand was high and supply low. The sudden need for home offices and temporary home schooling shot the already-high demand through the roof. Over the past year and a half, most buyers who have had an urgent need to move have by now done so. As demand normalizes, expect prices to settle and stabilize.

Monthly Activity

Monthly Activity

ListingsChangeNew PendingsChangeMonths SupplyChange
$10k - $150k1,939-3%1,152-12%1.710%
$150k - $250k1,391-12%1,560-13%0.91%
$250k - $500k1,670-15%1,827-15%0.9-1%

YTD Closed Activity

YTD Closed’21 v ’20’21 v ’19$/SF’21 v ’20’21 v ’19
$10k - $150k9,278-18%-35%$887%9%
$150k - $250k13,0594%2%$1529%13%
$250k - $500k16,62317%29%$17412%16%

Get our Michigan Housing Market Reports right in your inbox

Which report(s) would you like to receive?

Featured Stories

View all →

Performance Update and Outlook – SE MI, December ’21

< 1 minute Recent Rate of Sales: 2021 began with extreme high demand and low inventory. Through the first half of the year, fierce buyer competition created bidding wars and “over-asking” sales that [...]

Read More

Performance Update and Outlook – SE MI, November ’21

< 1 minute Recent Rate of Sales: The chart below tracks the weekly number of listings that went under contract for each week since January 2019. While the ‘20 line shows a strong [...]

Read More

Performance Update and Outlook – Southeast Michigan

< 1 minute Appreciation Rates: Although YTD average price per square foot is up 15% compared to last year, most of that increase came from an increased proportion of upper-end sales. When looking [...]

Read More

View all featured stories →