Is Berlin Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Berlin Charter Township has remained a Seller's Market.
Housing Prices in Berlin Charter Township, MI
How much do homes in Berlin Charter Township, MI cost?
Median Sold Price
$280,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berlin Charter Township was $280,000 in April 2024, down 2.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $169.9K | $200K | +17.7% |
3 Bedrooms | $270K | $275K | +1.9% |
4 Bedrooms | $332K | $299.9K | -9.7% |
5+ Bedrooms | $435K | $309.5K | -28.8% |
Summary: Berlin Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 28.8%.
Median Sold Price Compared To Nearby Cities
Rockwood | $242.2K | $272.5K | +12.5% |
Brownstown Charter Township | $275.1K | $295K | +7.2% |
Flat Rock | $300K | $311.4K | +3.8% |
Berlin Charter Township | $287.5K | $280K | -2.6% |
Housing Supply in Berlin Charter Township, MI
How many homes are available in Berlin Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Summary: The Berlin Charter Township real estate market had 31 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Berlin Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Berlin Charter Township in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Berlin Charter Township, MI
How long does it take to sell a home in Berlin Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 30 Days | -50.1% |
Summary: Homes in Berlin Charter Township had an average of 30 days on market in Apr 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Berlin Charter Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.