Is Berkshire Lakes, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkshire Lakes is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Berkshire Lakes was a Seller's Market.

Key Takeaway

Berkshire Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Berkshire Lakes, FL

How much do homes in Berkshire Lakes, FL cost?

Median Sold Price

$348,750

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$15,000(-4.1%)

Key Takeaway

Homes in Berkshire Lakes have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in Berkshire Lakes was $348,750 in September 2024, down 4.1% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $333.5K$316.7K
-5.0%
3 $536K$425K
-20.7%
4 $805K$908.5K
+12.9%
5+ -$650K
N/A

Summary: Berkshire Lakes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 20.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes did not change.

Housing Supply in Berkshire Lakes, FL

How many homes are available in Berkshire Lakes, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3539+11.4%

Summary: The Berkshire Lakes real estate market had 39 homes for sale in September 2024, a 11.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1315
+15.4%
3 2224
+9.1%
4 00
0.0%
5+ 00
0.0%

Summary: The Berkshire Lakes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkshire Lakes, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Berkshire Lakes in September 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Berkshire Lakes, FL

How long does it take to sell a home in Berkshire Lakes, FL?

Average Sale Time

Sep 2023Sep 2024CHANGE
33 Days83 Days+152.3%

Summary: Homes in Berkshire Lakes had an average of 83 days on market in Sep 2024, up by 152.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Berkshire Lakes has remained consistent over time.

Summary: During September 2024, 4 homes were sold in Berkshire Lakes; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 Sep 1, 2024

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