Is South New Berlin, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South New Berlin is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, South New Berlin was a Neutral Market.

Key Takeaway

South New Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South New Berlin, NY

How much do homes in South New Berlin, NY cost?

Median Sold Price

$98,975

$48/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$66,025(-40.0%)

Key Takeaway

Homes in South New Berlin have sold for 40% less than they did a month ago.

Summary: The median home sold price in South New Berlin was $98,975 in October 2024, down 40% from last month, and the median price per square foot was $48.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $165K$98.9K
-40.0%
4 --
N/A
5+ --
N/A

Summary: South New Berlin housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South New Berlin
-40.0%
New Berlin
-49.3%

Housing Supply in South New Berlin, NY

How many homes are available in South New Berlin, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The South New Berlin real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 00
0.0%
5+ 22
0.0%

Summary: The South New Berlin 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South New Berlin, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in South New Berlin in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for South New Berlin, NY

How long does it take to sell a home in South New Berlin, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
44 Days22 Days-48.9%

Summary: Homes in South New Berlin had an average of 22 days on market in Oct 2024, down by 48.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South New Berlin are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in South New Berlin; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in South New Berlin, NY

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