Is Berlin Township, 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 Township has remained a Seller's Market.
Housing Prices in Berlin Township, OH
How much do homes in Berlin Township, OH cost?
Median Sold Price
$612,500
$195/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 $612,500 in May 2024, up 8.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $435K | $409.2K | -5.9% |
3 Bedrooms | $469.2K | $492.5K | +5.0% |
4 Bedrooms | $575K | $636.1K | +10.6% |
5+ Bedrooms | $627.4K | $716.5K | +14.2% |
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 decreased by 5.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
Delaware | $370K | $401.2K | +8.5% |
Berlin Township | $565K | $612.5K | +8.4% |
Lewis Center | $466.1K | $499.9K | +7.3% |
Delaware City Township | $330K | $335.7K | +1.8% |
Housing Supply in Berlin Township, OH
How many homes are available in Berlin Township, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 61 | +19.6% |
Summary: The Berlin Township real estate market had 61 homes for sale in May 2024, a 19.6% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 18 | 28 | +55.6% |
5+ Bedrooms | 19 | 21 | +10.5% |
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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Berlin Township in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 39% were sold at asking, and 28% were sold over asking.
Days on Market for Berlin Township, OH
How long does it take to sell a home in Berlin Township, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 35 Days | +381.3% |
Summary: Homes in Berlin Township had an average of 35 days on market in May 2024, up by 381.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Berlin Township; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.