$5,224 Closing Credit*
$439,900
1,830 SqFt
4 Beds
•2 Full Baths
#1902363, Hoffmann Team*, Listing Office: RE/MAX Lakeside-Central
Is New Berlin, WI 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, New Berlin has remained a Seller's Market.
Key Takeaway
New Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Berlin, WI
How much do homes in New Berlin, WI cost?
Median Sold Price
$410,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,950(+5.1%)
Key Takeaway
Homes in New Berlin have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in New Berlin was $410,000 in November 2024, up 5.1% 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 | $154.6K | $170K | +9.9% |
| 2 Bedrooms | $279.5K | $295K | +5.5% |
| 3 Bedrooms | $390K | $420K | +7.7% |
| 4 Bedrooms | $463K | $460K | -0.6% |
| 5+ Bedrooms | $725K | $600K | -17.2% |
Summary: New Berlin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
| Brookfield | $441.4K | $481.5K | +9.1% |
| West Allis | $235K | $255K | +8.5% |
| Hales Corners | $335K | $363K | +8.4% |
| New Berlin | $390K | $410K | +5.1% |
| Muskego | $450K | $470K | +4.4% |
Housing Supply in New Berlin, WI
How many homes are available in New Berlin, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 100 | 76 | -24.0% |
Summary: The New Berlin real estate market had 76 homes for sale in November 2024, a 24.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 15 | -6.3% |
| 3 Bedrooms | 56 | 42 | -25.0% |
| 4 Bedrooms | 22 | 16 | -27.3% |
| 5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The New 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 6.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 42 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Berlin, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in New Berlin in November 2024, the same as the previous month. Of the 42 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for New Berlin, WI
We’re sorry, we don't have information for this market at the moment
