Is New Berlin, WI 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, New Berlin has remained a Seller's Market.
Housing Prices in New Berlin, WI
How much do homes in New Berlin, WI cost?
Median Sold Price
$406,333
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in New Berlin was $406,333 in May 2024, up 8.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117.5K | $165.3K | +40.7% |
2 Bedrooms | $264.9K | $286K | +7.9% |
3 Bedrooms | $370K | $408.5K | +10.4% |
4 Bedrooms | $450K | $445.7K | -0.9% |
5+ Bedrooms | $585.1K | $730K | +24.8% |
Summary: New Berlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 24.8%.
Median Sold Price Compared To Nearby Cities
Hales Corners | $315K | $356.4K | +13.1% |
Muskego | $425K | $469K | +10.4% |
West Allis | $222.1K | $242.9K | +9.4% |
Brookfield | $426.9K | $467K | +9.4% |
New Berlin | $374.8K | $406.3K | +8.4% |
Housing Supply in New Berlin, WI
How many homes are available in New Berlin, WI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 97 | +34.7% |
Summary: The New Berlin real estate market had 97 homes for sale in May 2024, a 34.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 20 | +66.7% |
3 Bedrooms | 39 | 46 | +17.9% |
4 Bedrooms | 18 | 23 | +27.8% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The New Berlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 37 | +60.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in New Berlin in May 2024, up by 60.9% month-over-month. Of the 37 sold homes, 11% were sold under asking, 8% were sold at asking, and 81% 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