$1,366 Closing Credit*
$115,000
140 SqFt
3 Beds
•1 Full Bath, 1 Partial
Amber L Gross, Listing Office: NextHome Leaders
Is Berea, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Berea was a Neutral Market.
Key Takeaway
Berea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Berea, MD
How much do homes in Berea, MD cost?
Median Sold Price
$130,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,250(+30.3%)
Key Takeaway
Homes in Berea have sold for 30.3% more than they did a year ago.
Summary: The median home sold price in Berea was $130,000 in November 2024, up 30.3% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $82.8K | $132.4K | +59.8% |
| 3 Bedrooms | $99.7K | $124.7K | +25.1% |
| 4 Bedrooms | $168.5K | $115K | -31.8% |
| 5+ Bedrooms | - | $115K | N/A |
Summary: Berea housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 59.8%, 3 bedroom homes increased by 25.1%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Four by Four | $90.7K | $123K | +35.5% |
| Berea | $99.7K | $130K | +30.3% |
| Broadway East | $71K | $80K | +12.7% |
| East | $120K | $129.9K | +8.3% |
Housing Supply in Berea, MD
How many homes are available in Berea, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Berea real estate market had 32 homes for sale in November 2024, a 23.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 18 | 22 | +22.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berea 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 increased by 20%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Berea, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Berea in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Berea, MD
How long does it take to sell a home in Berea, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 5 Days | -67.6% |
Summary: Homes in Berea had an average of 5 days on market in Nov 2024, down by 67.6% compared to last year.
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
Key Takeaway
Many homes in Berea are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Berea; 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.
