Is Berrien County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berrien County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Berrien County has remained a Seller's Market.

Key Takeaway

Berrien County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Berrien County, MI

How much do homes in Berrien County, MI cost?

Median Sold Price

$269,890

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,282(+11.7%)

Key Takeaway

Homes in Berrien County have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Berrien County was $269,890 in May 2024, up 11.7% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $147.5K$215.5K
+46.1%
2 $161.3K$199K
+23.3%
3 $225K$245.8K
+9.2%
4 $350.7K$370.5K
+5.6%
5+ $518.5K$555K
+7.0%

Summary: Berrien County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Counties

Berrien County
+11.7%
Van Buren County
+6.3%
Cass County
-0.3%

Housing Supply in Berrien County, MI

How many homes are available in Berrien County, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
663765+15.4%

Summary: The Berrien County real estate market had 765 homes for sale in May 2024, a 15.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 610
+66.7%
2 113130
+15.0%
3 274299
+9.1%
4 178204
+14.6%
5+ 92122
+32.6%

Summary: The Berrien County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 32.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
172149-13.4%

Asking Price vs. Sold Price

70 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berrien County, you may be able to get a good deal. 47% of homes here sold below asking price last month.

Summary: A total of 149 homes were sold or pending in Berrien County in May 2024, down by 13.4% month-over-month. Of the 149 sold homes, 47% were sold under asking, 23% were sold at asking, and 30% were sold over asking.

Days on Market for Berrien County, MI

How long does it take to sell a home in Berrien County, MI?

Average Sale Time

May 2023May 2024CHANGE
53 Days50 Days-4.3%

Summary: Homes in Berrien County had an average of 50 days on market in May 2024, down by 4.3% compared to last year.

Breakdown of Home Sale Times

66 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berrien County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 149 homes were sold in Berrien County; 44% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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