$4,156 Closing Credit*
$350,000
4,000 SqFt
4 Beds
•3 Full Baths, 1 Partial
Connery Koski, Listing Office: Century 21 Advantage Gold-Cherry Hill
Is Berlin Township, 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 Township has remained a Seller's Market.
Key Takeaway
Berlin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin Township, NJ
How much do homes in Berlin Township, NJ cost?
Median Sold Price
$360,750
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,850(+7.7%)
Key Takeaway
Homes in Berlin Township have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Berlin Township was $360,750 in November 2024, up 7.7% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $146K | +6.2% |
| 2 Bedrooms | $320K | $380K | +18.8% |
| 3 Bedrooms | $308.7K | $340K | +10.1% |
| 4 Bedrooms | $375K | $432.7K | +15.4% |
| 5+ Bedrooms | $375K | $475.6K | +26.8% |
Summary: Berlin Township 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 18.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Berlin | $330.2K | $370K | +12.0% |
| Evesham Township | $386.9K | $430K | +11.1% |
| West Berlin | $320K | $349.4K | +9.2% |
| Berlin Township | $334.9K | $360.7K | +7.7% |
| Voorhees | $405K | $416.3K | +2.8% |
Housing Supply in Berlin Township, NJ
How many homes are available in Berlin Township, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 59 | -9.2% |
Summary: The Berlin Township real estate market had 59 homes for sale in November 2024, a 9.2% 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 | 15 | 11 | -26.7% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Berlin Township 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 26.7%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Berlin Township in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.
Days on Market for Berlin Township, NJ
How long does it take to sell a home in Berlin Township, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 25 Days | -14.7% |
Summary: Homes in Berlin Township had an average of 25 days on market in Nov 2024, down by 14.7% compared to last year.
Breakdown of Home Sale Times
8 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Berlin Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
