$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 Township, 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 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
$360,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,223(+8.2%)
Key Takeaway
Homes in Berlin Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Berlin Township was $360,000 in October 2024, up 8.2% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $146K | +6.2% |
| 2 Bedrooms | $310K | $380K | +22.6% |
| 3 Bedrooms | $310K | $339.9K | +9.7% |
| 4 Bedrooms | $371K | $425K | +14.6% |
| 5+ Bedrooms | $372.5K | $453.3K | +21.7% |
Summary: Berlin Township 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 22.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Berlin | $330.2K | $367.5K | +11.3% |
| Evesham Township | $387.8K | $423.5K | +9.2% |
| West Berlin | $320K | $348.2K | +8.8% |
| Berlin Township | $332.7K | $360K | +8.2% |
| Voorhees | $403.6K | $425K | +5.3% |
Housing Supply in Berlin Township, NJ
How many homes are available in Berlin Township, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 66 | +20.0% |
Summary: The Berlin Township real estate market had 66 homes for sale in October 2024, a 20.0% 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 | 9 | 16 | +77.8% |
| 3 Bedrooms | 29 | 29 | 0.0% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Berlin Township 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 77.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Berlin Township in October 2024, down by 22.2% month-over-month. Of the 14 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 26 Days | +13.9% |
Summary: Homes in Berlin Township had an average of 26 days on market in Oct 2024, up by 13.9% compared to last year.
Breakdown of Home Sale Times
10 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Berlin Township; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.