$5,341 Closing Credit*
$449,750
2,115 SqFt
3 Beds
•2 Full Baths, 1 Partial
Marlene Ott, Listing Office: Berkshire Hathaway HomeServices PenFed Realty - OP
Is Berlin, MD 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, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, MD
How much do homes in Berlin, MD cost?
Median Sold Price
$433,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$3,000(-0.7%)
Key Takeaway
Homes in Berlin have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Berlin was $433,000 in October 2024, down 0.7% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $151K | +20.8% |
| 2 Bedrooms | $290K | $307.5K | +6.0% |
| 3 Bedrooms | $389.5K | $399.8K | +2.6% |
| 4 Bedrooms | $600K | $525.3K | -12.4% |
| 5+ Bedrooms | $810K | $907.5K | +12.0% |
Summary: Berlin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 12%.
Housing Supply in Berlin, MD
How many homes are available in Berlin, MD?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 217 | 240 | +10.6% |
Summary: The Berlin real estate market had 240 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 133 | 151 | +13.5% |
| 4 Bedrooms | 57 | 63 | +10.5% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Berlin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Berlin in October 2024, up by 28.6% month-over-month. Of the 45 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Berlin, MD
How long does it take to sell a home in Berlin, MD?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 41 Days | +87.6% |
Summary: Homes in Berlin had an average of 41 days on market in Oct 2024, up by 87.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berlin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in Berlin; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
