Is Berkeley Lake, GA 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, Berkeley Lake has remained a Seller's Market.
Housing Prices in Berkeley Lake, GA
How much do homes in Berkeley Lake, GA cost?
Median Sold Price
$690,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berkeley Lake was $690,000 in May 2024, up 9.5% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $630K | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $510K | $555K | +8.8% |
4 Bedrooms | $575K | $674K | +17.2% |
5+ Bedrooms | $685K | $780K | +13.9% |
Summary: Berkeley Lake 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 8.8%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
Duluth | $443.8K | $499K | +12.4% |
Suwanee-Duluth | $461.6K | $515K | +11.5% |
Berkeley Lake | $630K | $690K | +9.5% |
Johns Creek | $623.9K | $680.5K | +9.1% |
Peachtree Corners | $495.1K | $539.9K | +9.0% |
Housing Supply in Berkeley Lake, GA
How many homes are available in Berkeley Lake, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Summary: The Berkeley Lake real estate market had 15 homes for sale in May 2024, a 66.7% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Berkeley Lake 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Berkeley Lake in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Berkeley Lake, GA
How long does it take to sell a home in Berkeley Lake, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 11 Days | +175.0% |
Summary: Homes in Berkeley Lake had an average of 11 days on market in May 2024, up by 175% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Berkeley Lake; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.