Is Berlin, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, MA
How much do homes in Berlin, MA cost?
Median Sold Price
$699,000
$327/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Berlin have sold for 1.7% more than they did a month ago.
Summary: The median home sold price in Berlin was $699,000 in April 2024, up 1.7% from last month, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $687.2K | $724.6K | +5.4% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $699K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Berlin housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Berlin, MA
How many homes are available in Berlin, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Summary: The Berlin real estate market had 17 homes for sale in April 2024, a 10.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 5 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Berlin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Berlin in April 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Berlin, MA
How long does it take to sell a home in Berlin, MA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 60 Days | +6.7% |
Summary: Homes in Berlin had an average of 60 days on market in Apr 2024, up by 6.7% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Berlin are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Berlin; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
