$3,918 Closing Credit*
$329,900
1,116 SqFt
2 Beds
•1 Full Bath
Eileen Brewer-Akin, Listing Office: William Raveis Real Estate
Is Berlin, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$390,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,000(+5.7%)
Key Takeaway
Homes in Berlin have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Berlin was $390,000 in November 2024, up 5.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $176.5K | +17.7% |
| 2 Bedrooms | $292.5K | $315.5K | +7.9% |
| 3 Bedrooms | $350K | $395K | +12.9% |
| 4 Bedrooms | $445K | $480K | +7.9% |
| 5+ Bedrooms | $475K | $592.5K | +24.7% |
Summary: Berlin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 24.7%.
Median Sold Price Compared To Nearby Cities
| New Britain | $255K | $288.2K | +13.0% |
| Newington | $304.9K | $325.7K | +6.8% |
| Berlin | $369K | $390K | +5.7% |
| Cromwell | $305K | $310K | +1.6% |
Housing Supply in Berlin, CT
How many homes are available in Berlin, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 54 | -6.9% |
Summary: The Berlin real estate market had 54 homes for sale in November 2024, a 6.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 30 | 26 | -13.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Berlin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Berlin in November 2024, down by 15.8% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% 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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