Is Berrien Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Berrien Township was a Seller's Market.
Housing Prices in Berrien Township, MI
How much do homes in Berrien Township, MI cost?
Median Sold Price
$325,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berrien Township was $325,000 in May 2024, up 41.9% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $184K | +15.0% |
2 Bedrooms | $135K | $201.3K | +49.2% |
3 Bedrooms | $219K | $300K | +37.0% |
4 Bedrooms | $370K | $382.5K | +3.4% |
5+ Bedrooms | $420K | $556.7K | +32.5% |
Summary: Berrien Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 49.2%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
Berrien Township | $229K | $325K | +41.9% |
Berrien Springs | $270K | $310K | +14.8% |
Oronoko Charter Township | $265K | $276.5K | +4.3% |
Housing Supply in Berrien Township, MI
How many homes are available in Berrien Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Summary: The Berrien Township real estate market had 14 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Berrien Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Berrien Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Berrien Township, MI
How long does it take to sell a home in Berrien Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 1 Day | -98.2% |
Summary: Homes in Berrien Township had an average of 1 days on market in May 2024, down by 98.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Berrien 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.