Is Berrien County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berrien County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Berrien County has remained a Seller's Market.

Key Takeaway

Berrien County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Berrien County, MI

How much do homes in Berrien County, MI cost?

Median Sold Price

$274,053

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,571(+6.4%)

Key Takeaway

Homes in Berrien County have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Berrien County was $274,053 in October 2024, up 6.4% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $132K$235.7K
+78.6%
2 $174.7K$188.3K
+7.8%
3 $235K$250.1K
+6.4%
4 $385.3K$356.3K
-7.5%
5+ $590K$575K
-2.5%

Summary: Berrien County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.6%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Counties

Cass County
+17.4%
Berrien County
+6.4%
Van Buren County
+5.3%

Housing Supply in Berrien County, MI

How many homes are available in Berrien County, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
861898+4.3%

Summary: The Berrien County real estate market had 898 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1711
-35.3%
2 149149
0.0%
3 349366
+4.9%
4 233255
+9.4%
5+ 113117
+3.5%

Summary: The Berrien County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 35.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 3.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
156196+25.6%

Asking Price vs. Sold Price

118 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berrien County, you may be able to get a good deal. 60.2% of homes here sold below asking price last month.

Summary: A total of 196 homes were sold or pending in Berrien County in October 2024, up by 25.6% month-over-month. Of the 196 sold homes, 60% were sold under asking, 19% were sold at asking, and 21% were sold over asking.

Days on Market for Berrien County, MI

How long does it take to sell a home in Berrien County, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days55 Days-8.3%

Summary: Homes in Berrien County had an average of 55 days on market in Oct 2024, down by 8.3% compared to last year.

Breakdown of Home Sale Times

79 Homes Were Sold
Under 30 Days

80 Homes Were Sold
In 30 - 90 Days

35 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Berrien County has remained consistent over time.

Summary: During October 2024, 196 homes were sold in Berrien County; 40% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Berrien County, MI

Nearby Markets to Berrien County, MI

What housing markets are near Berrien County, MI?