Is Berkeley, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Berkeley has remained a Seller's Market.
Housing Prices in Berkeley, MO
How much do homes in Berkeley, MO cost?
Median Sold Price
$88,250
$82/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Berkeley was $88,250 in May 2024, up 20.9% from last year, and the median price per square foot was $82.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $43.8K | N/A |
2 Bedrooms | $60K | $65K | +8.3% |
3 Bedrooms | $86.5K | $100K | +15.6% |
4 Bedrooms | $73K | $110K | +50.7% |
5+ Bedrooms | $400K | - | N/A |
Summary: Berkeley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 50.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Berkeley | $73K | $88.2K | +20.9% |
Airport Township | $130.5K | $135K | +3.4% |
Woodson Terrace | $134.9K | $125K | -7.4% |
Bel-Ridge | $65K | $58.1K | -10.6% |
Housing Supply in Berkeley, MO
How many homes are available in Berkeley, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 29 | -9.4% |
Summary: The Berkeley real estate market had 29 homes for sale in May 2024, a 9.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 21 | 18 | -14.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berkeley housing inventory by bedroom type for May 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 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Berkeley in May 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 0% were sold at asking, and 73% were sold over asking.
Days on Market for Berkeley, MO
How long does it take to sell a home in Berkeley, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 23 Days | -40.2% |
Summary: Homes in Berkeley had an average of 23 days on market in May 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Berkeley; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.