$4,275 Closing Credit*
$360,000
2,184 SqFt
4 Beds
•1 Full Bath, 1 Partial
Connie Helen Balis, Listing Office: Romano Realty
Is Berlin, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, NJ
How much do homes in Berlin, NJ cost?
Median Sold Price
$367,500
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,250(+11.3%)
Key Takeaway
Homes in Berlin have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Berlin was $367,500 in October 2024, up 11.3% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $146K | +6.2% |
| 2 Bedrooms | $320K | $380K | +18.8% |
| 3 Bedrooms | $295.5K | $340K | +15.1% |
| 4 Bedrooms | $390K | $460K | +17.9% |
| 5+ Bedrooms | $380K | $498K | +31.1% |
Summary: Berlin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Cities
| Atco | $286K | $320K | +11.9% |
| Berlin | $330.2K | $367.5K | +11.3% |
| West Berlin | $320K | $348.2K | +8.8% |
| Berlin Township | $332.7K | $360K | +8.2% |
| Lindenwold | $236K | $230K | -2.5% |
Housing Supply in Berlin, NJ
How many homes are available in Berlin, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Berlin real estate market had 47 homes for sale in October 2024, a 17.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 14 | +133.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Berlin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Berlin in October 2024, down by 21.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.
Days on Market for Berlin, NJ
How long does it take to sell a home in Berlin, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 31 Days | +20.7% |
Summary: Homes in Berlin had an average of 31 days on market in Oct 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berlin are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Berlin; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
