$1,425 Closing Credit*
$120,000
800 SqFt
1 Bed
•1 Full Bath
Matt Sieber, Listing Office: Realty Executives Instant Equity
Is Berrien Springs, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Berrien Springs was a Buyer's Market.
Key Takeaway
Berrien Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Berrien Springs, MI
How much do homes in Berrien Springs, MI cost?
Median Sold Price
$310,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+9.7%)
Key Takeaway
Homes in Berrien Springs have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Berrien Springs was $310,000 in October 2024, up 9.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $518K | +223.7% |
| 3 Bedrooms | $255K | $243.9K | -4.3% |
| 4 Bedrooms | $330K | $335.5K | +1.7% |
| 5+ Bedrooms | $320K | $353K | +10.3% |
Summary: Berrien Springs 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 increased by 223.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 10.3%.
Median Sold Price Compared To Nearby Cities
| Oronoko Charter Township | $260.4K | $287.5K | +10.4% |
| Berrien Springs | $282.5K | $310K | +9.7% |
Housing Supply in Berrien Springs, MI
How many homes are available in Berrien Springs, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 41 | 0.0% |
Summary: The Berrien Springs real estate market had 41 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Berrien Springs 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berrien Springs, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Berrien Springs in October 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Berrien Springs, MI
How long does it take to sell a home in Berrien Springs, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 26 Days | -48.0% |
Summary: Homes in Berrien Springs had an average of 26 days on market in Oct 2024, down by 48% compared to last year.
Breakdown of Home Sale Times
4 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 Berrien Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Berrien Springs; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
