Is Berlin Center, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Berlin Center has remained a Seller's Market.
Housing Prices in Berlin Center, OH
How much do homes in Berlin Center, OH cost?
Median Sold Price
$297,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berlin Center was $297,000 in May 2024, up 23.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $130K | N/A |
3 Bedrooms | $234.2K | $283.5K | +21.0% |
4 Bedrooms | $350K | $373K | +6.6% |
5+ Bedrooms | $1.0M | $625K | -41.2% |
Summary: Berlin Center housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 41.2%.
Median Sold Price Compared To Nearby Cities
Berlin Center | $240K | $297K | +23.8% |
Lake Milton | $189.5K | $211.2K | +11.5% |
Berlin Township | $237.5K | $250K | +5.3% |
Housing Supply in Berlin Center, OH
How many homes are available in Berlin Center, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Summary: The Berlin Center real estate market had 8 homes for sale in May 2024, a 11.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Berlin Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Berlin Center in May 2024, up by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Berlin Center, OH
How long does it take to sell a home in Berlin Center, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 88 Days | +18.6% |
Summary: Homes in Berlin Center had an average of 88 days on market in May 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Berlin Center; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.