Is New Berlin Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Berlin Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, New Berlin Township has remained a Seller's Market.

Key Takeaway

New Berlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Berlin Township, IL

How much do homes in New Berlin Township, IL cost?

Median Sold Price

$153,500

$67/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$71,400(-31.7%)

Key Takeaway

Homes in New Berlin Township have sold for 31.7% less than they did a month ago.

Summary: The median home sold price in New Berlin Township was $153,500 in November 2024, down 31.7% from last month, and the median price per square foot was $67.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$147K
N/A
3 $135K-
N/A
4 $247.4K-
N/A
5+ -$160K
N/A

Summary: New Berlin Township housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Berlin Township
-31.7%
New Berlin
-31.7%

Housing Supply in New Berlin Township, IL

How many homes are available in New Berlin Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The New Berlin Township real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The New Berlin Township housing inventory by bedroom type for November 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 decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Berlin Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in New Berlin Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for New Berlin Township, IL

How long does it take to sell a home in New Berlin Township, IL?

Average Sale Time

Oct 2024Nov 2024CHANGE
1 Days6 Days+290.0%

Summary: Homes in New Berlin Township had an average of 6 days on market in Nov 2024, up by 290% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Berlin Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in New Berlin Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in New Berlin Township, IL

Nearby Markets to New Berlin Township, IL