$54,900
1.60 Acres
Land
Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
Is New Berlin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, New Berlin was a Neutral Market.
Key Takeaway
New Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Berlin, IL
How much do homes in New Berlin, IL cost?
Median Sold Price
$224,900
$103/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$19,900(+9.7%)
Key Takeaway
Homes in New Berlin have sold for 9.7% more than they did a month ago.
Summary: The median home sold price in New Berlin was $224,900 in October 2024, up 9.7% from last month, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $205K | $135K | -34.1% |
| 4 Bedrooms | - | $247.4K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: New Berlin housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 34.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Berlin | $205K | $224.9K | +9.7% |
| New Berlin Township | $205K | $224.9K | +9.7% |
Housing Supply in New Berlin, IL
How many homes are available in New Berlin, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The New Berlin real estate market had 6 homes for sale in October 2024, a 14.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The New 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Berlin, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Berlin in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for New Berlin, IL
How long does it take to sell a home in New Berlin, IL?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 1 Days | -84.8% |
Summary: Homes in New Berlin had an average of 1 days on market in Oct 2024, down by 84.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Berlin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in New Berlin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.