Is Berlin Township, MI 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 Township has remained a Neutral Market.
Housing Prices in Berlin Township, MI
How much do homes in Berlin Township, MI cost?
Median Sold Price
$253,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berlin Township was $253,000 in May 2024, down 6.3% 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 | $118K | $162K | +37.3% |
3 Bedrooms | $270K | $252.5K | -6.5% |
4 Bedrooms | $422.5K | $285K | -32.5% |
5+ Bedrooms | - | $265K | N/A |
Summary: Berlin Township 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 increased by 37.3%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ionia Township | $176.4K | $197.5K | +11.9% |
Ionia | $177.4K | $196K | +10.5% |
Easton Township | $223K | $217.5K | -2.5% |
Berlin Township | $270K | $253K | -6.3% |
Housing Supply in Berlin Township, MI
How many homes are available in Berlin Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Summary: The Berlin Township real estate market had 6 homes for sale in May 2024, a 14.3% 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 | 1 | -50.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Berlin Township 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 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Berlin Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Berlin Township, MI
How long does it take to sell a home in Berlin Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 5 Days | -68.8% |
Summary: Homes in Berlin Township had an average of 5 days on market in May 2024, down by 68.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Berlin Township; 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.