$713 Closing Credit*
$60,000
885 SqFt
3 Beds
•1 Full Bath
John Graham, Listing Office: John Graham Realty, LLC
Is Berlin Charter Township, MI 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, Berlin Charter Township was a Seller's Market.
Key Takeaway
Berlin Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Berlin Charter Township, MI
How much do homes in Berlin Charter Township, MI cost?
Median Sold Price
$300,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,550(+8.1%)
Key Takeaway
Homes in Berlin Charter Township have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Berlin Charter Township was $300,000 in November 2024, up 8.1% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $194K | -0.5% |
| 3 Bedrooms | $279.9K | $282.5K | +0.9% |
| 4 Bedrooms | $300K | $342.4K | +14.2% |
| 5+ Bedrooms | $355K | $390K | +9.9% |
Summary: Berlin Charter Township 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 decreased by 0.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Rockwood | $245K | $285K | +16.3% |
| Berlin Charter Township | $277.4K | $300K | +8.1% |
| Brownstown Charter Township | $285K | $300K | +5.3% |
| Flat Rock | $305K | $302.5K | -0.8% |
Housing Supply in Berlin Charter Township, MI
How many homes are available in Berlin Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The Berlin Charter Township real estate market had 50 homes for sale in November 2024, a 2.0% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berlin Charter 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 increased by 13.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
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 Berlin Charter Township, 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 Berlin Charter Township in November 2024, down by 66.7% 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 Berlin Charter Township, MI
How long does it take to sell a home in Berlin Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 12 Days | -67.9% |
Summary: Homes in Berlin Charter Township had an average of 12 days on market in Nov 2024, down by 67.9% compared to last year.
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 Berlin Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Berlin Charter 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.