Is Berwick, PA 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, Berwick has remained a Seller's Market.
Key Takeaway
Berwick is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berwick, PA
How much do homes in Berwick, PA cost?
Median Sold Price
$194,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berwick have sold for 21.3% more than they did a year ago.
Summary: The median home sold price in Berwick was $194,000 in May 2024, up 21.3% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.5K | $85K | -13.7% |
| 2 Bedrooms | $140.5K | $157K | +11.7% |
| 3 Bedrooms | $173.5K | $196K | +13.0% |
| 4 Bedrooms | $171.5K | $230K | +34.1% |
| 5+ Bedrooms | $155K | $182.6K | +17.9% |
Summary: Berwick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 17.9%.
Median Sold Price Compared To Nearby Cities
| Berwick | $160K | $194K | +21.3% |
| Salem Township | $195.7K | $230K | +17.5% |
| Mifflin Township | $204.9K | $195K | -4.9% |
Housing Supply in Berwick, PA
How many homes are available in Berwick, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 39 | -4.9% |
Summary: The Berwick real estate market had 39 homes for sale in May 2024, a 4.9% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 24 | 20 | -16.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Berwick 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 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berwick, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Berwick in May 2024, up by 54.5% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.
Days on Market for Berwick, PA
How long does it take to sell a home in Berwick, PA?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berwick are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Berwick; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
