$3,266 Closing Credit*
$275,000
1,366 SqFt
3 Beds
•1 Full Bath
#50160201, Lydie Hawkins, Listing Office: Real Estate One Chesterfield
Is Berlin Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Berlin Township has remained a Seller's Market.
Key Takeaway
Berlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin Township, MI
How much do homes in Berlin Township, MI cost?
Median Sold Price
$237,500
$215/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$27,500(+13.1%)
Key Takeaway
Homes in Berlin Township have sold for 13.1% more than they did a month ago.
Summary: The median home sold price in Berlin Township was $237,500 in October 2024, up 13.1% from last month, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $193K | -8.1% |
| 3 Bedrooms | $272.5K | $362.5K | +33.0% |
| 4 Bedrooms | - | $200K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Berlin Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 33%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Berlin Township, MI
How many homes are available in Berlin Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Berlin Township real estate market had 8 homes for sale in October 2024, a 20.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berlin 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 50%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Berlin Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Berlin Township, MI
How long does it take to sell a home in Berlin Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 Days | 16 Days | -67.3% |
Summary: Homes in Berlin Township had an average of 16 days on market in Oct 2024, down by 67.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berlin Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Berlin Township; 75% of homes were sold within 30 days, 25% 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.