Is Berkeley Lake, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkeley Lake is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Berkeley Lake has remained a Seller's Market.

Key Takeaway

Berkeley Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Berkeley Lake, GA cost?

Median Sold Price

$715,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$165,000(+30.0%)

Key Takeaway

Homes in Berkeley Lake have sold for 30% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$630K
N/A
2 $449.5K$1.3M
+194.8%
3 $422.5K$910K
+115.4%
4 $460K$796K
+73.0%
5+ $599K$650K
+8.5%

Median Sold Price Compared To Nearby Cities

Berkeley Lake
+30.0%
Johns Creek
+25.4%
Suwanee-Duluth
+20.7%
Duluth
+18.4%
Peachtree Corners
+15.3%

How many homes are available in Berkeley Lake, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
914+55.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 02
+100.0%
2 11
0.0%
3 11
0.0%
4 69
+50.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
05+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkeley Lake, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
21 Days11 Days-43.8%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berkeley Lake are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Berkeley Lake, GA

Berkeley Lake, GA has 14 homes on the market. The inventory of homes for sale in Berkeley Lake, GA between July 2022 and August 2022 increased by 55.6%. Listings spent 11 days on the market in August 2022, and had a median list price of $715,000 during the same period. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 194.8%, the cost of 3 bedrooms properties went up by 115.4%, 4 bedrooms properties prices increased by 73%, 5 bedrooms properties became 8.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 100%, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes remained the same, 4 bedrooms homes inventory increased by 50%, number of 5 bedrooms homes remained the same. In August 2022 more than 1 listings in Berkeley Lake, GA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below.

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