Is Berlin, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, CT
How much do homes in Berlin, CT cost?
Median Sold Price
$380,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Berlin have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Berlin was $380,000 in March 2024, up 11.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172K | $171K | -0.6% |
| 2 Bedrooms | $282.5K | $312.5K | +10.6% |
| 3 Bedrooms | $342K | $361.5K | +5.7% |
| 4 Bedrooms | $405K | $475K | +17.3% |
| 5+ Bedrooms | $400K | $487.5K | +21.9% |
Summary: Berlin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 21.9%.
Median Sold Price Compared To Nearby Cities
| Cromwell | $252.3K | $300K | +18.9% |
| Newington | $275K | $315K | +14.5% |
| New Britain | $240K | $270K | +12.5% |
| Berlin | $340K | $380K | +11.8% |
Housing Supply in Berlin, CT
How many homes are available in Berlin, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 38 | +2.7% |
Summary: The Berlin real estate market had 38 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Berlin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Berlin in March 2024, the same as the previous month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Berlin, CT
We’re sorry, we don't have information for this market at the moment
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