$4,452 Closing Credit*
$374,900
1,750 SqFt
3 Beds
•2 Full Baths
Christos Filyo, Listing Office: Jason Mitchell Real Estate Group Michigan 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 October 2023
Since last year, Berlin Charter Township has remained a Seller's Market.
Key Takeaway
Berlin Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin Charter Township, MI
How much do homes in Berlin Charter Township, MI cost?
Median Sold Price
$299,950
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,950(+9.1%)
Key Takeaway
Homes in Berlin Charter Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Berlin Charter Township was $299,950 in October 2024, up 9.1% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $195K | 0.0% |
| 3 Bedrooms | $275K | $280K | +1.8% |
| 4 Bedrooms | $297.5K | $340K | +14.3% |
| 5+ Bedrooms | $355K | $390K | +9.9% |
Summary: Berlin Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Rockwood | $227K | $277.5K | +22.2% |
| Berlin Charter Township | $275K | $299.9K | +9.1% |
| Brownstown Charter Township | $277.5K | $300.5K | +8.3% |
| Flat Rock | $321.7K | $300K | -6.7% |
Housing Supply in Berlin Charter Township, MI
How many homes are available in Berlin Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 47 | -11.3% |
Summary: The Berlin Charter Township real estate market had 47 homes for sale in October 2024, a 11.3% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 27 | 22 | -18.5% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berlin Charter Township 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 decreased by 40%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin Charter Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Berlin Charter Township in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 22 Days | -19.7% |
Summary: Homes in Berlin Charter Township had an average of 22 days on market in Oct 2024, down by 19.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 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 October 2024, 9 homes were sold in Berlin Charter Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.