Is Berlin Center, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berlin Center is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Berlin Center was a Neutral Market.

Key Takeaway

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

Housing Prices in Berlin Center, OH

How much do homes in Berlin Center, OH cost?

Median Sold Price

$249,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$46,000(-15.6%)

Key Takeaway

Homes in Berlin Center have sold for 15.6% less than they did a year ago.

Summary: The median home sold price in Berlin Center was $249,000 in November 2024, down 15.6% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $575K$123K
-78.6%
3 $240K$317.4K
+32.3%
4 $444.9K$270.7K
-39.2%
5+ $1.0M$436.5K
-58.9%

Summary: Berlin Center housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 78.6%, 3 bedroom homes increased by 32.3%, 4 bedroom homes decreased by 39.2%, and 5+ bedroom homes decreased by 58.9%.

Median Sold Price Compared To Nearby Cities

Lake Milton
+29.6%
North Jackson
+19.9%
Berlin Township
-2.7%
Berlin Center
-15.6%

Housing Supply in Berlin Center, OH

How many homes are available in Berlin Center, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
54-20.0%

Summary: The Berlin Center real estate market had 4 homes for sale in November 2024, a 20.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 43
-25.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Berlin Center 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 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berlin Center, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Berlin Center in November 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Berlin Center, OH

How long does it take to sell a home in Berlin Center, OH?

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days52 Days+87.5%

Summary: Homes in Berlin Center had an average of 52 days on market in Nov 2024, up by 87.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Berlin Center has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Berlin Center; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in Berlin Center, OH

Nearby Markets to Berlin Center, OH

What housing markets are near Berlin Center, OH?