$4,511 Closing Credit*
$379,900
1,876 SqFt
2 Beds
•3 Full Baths, 1 Partial
Jeffrey Senges, Listing Office: BHHS Fox & Roach-Marlton
Is Berlin, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$370,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$39,750(+12.0%)
Key Takeaway
Homes in Berlin have sold for 12% more than they did a year ago.
Summary: The median home sold price in Berlin was $370,000 in November 2024, up 12% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $146K | +6.2% |
| 2 Bedrooms | $320K | $375K | +17.2% |
| 3 Bedrooms | $295.5K | $340K | +15.1% |
| 4 Bedrooms | $399.9K | $460K | +15.0% |
| 5+ Bedrooms | $380K | $498K | +31.1% |
Summary: Berlin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 31.1%.
Median Sold Price Compared To Nearby Cities
| Berlin | $330.2K | $370K | +12.0% |
| West Berlin | $320K | $349.4K | +9.2% |
| Berlin Township | $334.9K | $360.7K | +7.7% |
| Atco | $315K | $330K | +4.8% |
| Lindenwold | $236.5K | $237.6K | 0.5% |
Housing Supply in Berlin, NJ
How many homes are available in Berlin, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 40 | -13.0% |
Summary: The Berlin real estate market had 40 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 21 | 17 | -19.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Berlin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Berlin in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 0% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 26 Days | -12.7% |
Summary: Homes in Berlin had an average of 26 days on market in Nov 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
6 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 Berlin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Berlin; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
