Is Berrien Springs, 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, Berrien Springs has remained a Seller's Market.
Housing Prices in Berrien Springs, MI
How much do homes in Berrien Springs, MI cost?
Median Sold Price
$317,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berrien Springs was $317,500 in April 2024, up 21.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $199K | +24.4% |
3 Bedrooms | $215.6K | $255K | +18.3% |
4 Bedrooms | $265K | $385K | +45.3% |
5+ Bedrooms | $275.5K | $336K | +22.0% |
Summary: Berrien Springs 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 24.4%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 45.3%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
Berrien Township | $227K | $362.7K | +59.8% |
Berrien Springs | $261K | $317.5K | +21.6% |
Oronoko Charter Township | $265K | $278K | +4.9% |
Housing Supply in Berrien Springs, MI
How many homes are available in Berrien Springs, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 28 | +75.0% |
Summary: The Berrien Springs real estate market had 28 homes for sale in April 2024, a 75.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Berrien Springs 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 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Berrien Springs in April 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Berrien Springs, MI
How long does it take to sell a home in Berrien Springs, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
132 Days | 56 Days | -57.2% |
Summary: Homes in Berrien Springs had an average of 56 days on market in Apr 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Berrien Springs; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.