Is Berkeley, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Berkeley was a Seller's Market.
Housing Prices in Berkeley, SC
How much do homes in Berkeley, SC cost?
Median Sold Price
$827,878
$407/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berkeley was $827,878 in May 2024, up 11.9% from last year, and the median price per square foot was $407.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $296.7K | $345K | +16.3% |
2 Bedrooms | $403K | $493K | +22.3% |
3 Bedrooms | $562.4K | $610.3K | +8.5% |
4 Bedrooms | $910K | $920.6K | +1.2% |
5+ Bedrooms | $1.9M | $2.2M | +11.6% |
Summary: Berkeley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Neighborhoods
Daniel Island | $1.2M | $1.4M | +13.4% |
Berkeley | $740K | $827.8K | +11.9% |
Housing Supply in Berkeley, SC
How many homes are available in Berkeley, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
186 | 215 | +15.6% |
Summary: The Berkeley real estate market had 215 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 44 | 47 | +6.8% |
3 Bedrooms | 58 | 70 | +20.7% |
4 Bedrooms | 45 | 59 | +31.1% |
5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The Berkeley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 34 | -19.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Berkeley in May 2024, down by 19.0% month-over-month. Of the 34 sold homes, 41% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Berkeley, SC
We’re sorry, we don't have information for this market at the moment