Is East 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, East Berlin has remained a Seller's Market.
Key Takeaway
East Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Berlin, CT
How much do homes in East Berlin, CT cost?
Median Sold Price
$350,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Key Takeaway
Homes in East Berlin have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in East Berlin was $350,000 in October 2024, up 12.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $293K | N/A |
| 2 Bedrooms | $275K | $345K | +25.5% |
| 3 Bedrooms | $275K | $336.1K | +22.2% |
| 4 Bedrooms | $630K | $657K | +4.3% |
| 5+ Bedrooms | $861.6K | $535K | -37.9% |
Summary: East Berlin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 37.9%.
Median Sold Price Compared To Nearby Cities
| East Berlin | $310K | $350K | +12.9% |
| Middletown | $280K | $308K | +10.0% |
| Cromwell | $292K | $310K | +6.2% |
| Berlin | $367.5K | $382.5K | +4.1% |
Housing Supply in East Berlin, CT
How many homes are available in East Berlin, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Summary: The East Berlin real estate market had 1 homes for sale in October 2024, a 66.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Berlin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 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
Key Takeaway
If you're buying a home in East Berlin, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in East Berlin in October 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 East Berlin, CT
We’re sorry, we don't have information for this market at the moment
