$1,186 Closing Credit*
$99,900
768 SqFt
2 Beds
•1 Full Bath
Listing Office: RE/MAX Results
Is Berkeley, MO 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, Berkeley was a Seller's Market.
Key Takeaway
Berkeley 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 Berkeley, MO
How much do homes in Berkeley, MO cost?
Median Sold Price
$89,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,050(+12.7%)
Key Takeaway
Homes in Berkeley have sold for 12.7% more than they did a year ago.
Summary: The median home sold price in Berkeley was $89,000 in October 2024, up 12.7% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $43.8K | N/A |
| 2 Bedrooms | $59K | $78K | +32.2% |
| 3 Bedrooms | $91.7K | $102K | +11.2% |
| 4 Bedrooms | $77.5K | $90K | +16.1% |
| 5+ Bedrooms | - | $160K | N/A |
Summary: Berkeley 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 32.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Woodson Terrace | $126.5K | $143.2K | +13.2% |
| Berkeley | $78.9K | $89K | +12.7% |
| Bel-Ridge | $57.8K | $60K | +3.8% |
| Airport Township | $134.9K | $138.7K | +2.8% |
Housing Supply in Berkeley, MO
How many homes are available in Berkeley, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 38 | +40.7% |
Summary: The Berkeley real estate market had 38 homes for sale in October 2024, a 40.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 16 | +220.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Berkeley 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 increased by 220%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 6 | -45.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Berkeley in October 2024, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% were sold over asking.
Days on Market for Berkeley, MO
How long does it take to sell a home in Berkeley, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 8 Days | -73.5% |
Summary: Homes in Berkeley had an average of 8 days on market in Oct 2024, down by 73.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berkeley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Berkeley; 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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.