$1,600,000
6.25 Acres
Land
Mary Sutera, Listing Office: Carbutti & Co., Realtors
Is Berlin, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, CT
How much do homes in Berlin, CT cost?
Median Sold Price
$382,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.1%)
Key Takeaway
Homes in Berlin have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Berlin was $382,500 in October 2024, up 4.1% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $175K | +16.7% |
| 2 Bedrooms | $260K | $317.7K | +22.2% |
| 3 Bedrooms | $350K | $379K | +8.3% |
| 4 Bedrooms | $427.2K | $481.5K | +12.7% |
| 5+ Bedrooms | $490.5K | $500K | +1.9% |
Summary: Berlin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| East Berlin | $310K | $350K | +12.9% |
| New Britain | $250.9K | $280.6K | +11.9% |
| Newington | $300K | $325K | +8.3% |
| Cromwell | $292K | $310K | +6.2% |
| Berlin | $367.5K | $382.5K | +4.1% |
Housing Supply in Berlin, CT
How many homes are available in Berlin, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 59 | +18.0% |
Summary: The Berlin real estate market had 59 homes for sale in October 2024, a 18.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Berlin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 73.7% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Berlin in October 2024, up by 11.8% month-over-month. Of the 19 sold homes, 21% were sold under asking, 5% were sold at asking, and 74% were sold over asking.
Days on Market for Berlin, CT
We’re sorry, we don't have information for this market at the moment
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