Is Berkeley Lake, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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.
Housing Prices in Berkeley Lake, GA
How much do homes in Berkeley Lake, GA cost?
Median Sold Price
$690,000
$144/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Berkeley Lake have sold for 46.8% more than they did a month ago.
Summary: The median home sold price in Berkeley Lake was $690,000 in March 2024, up 46.8% from last month, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $469.9K | $690K | +46.8% |
| 5+ Bedrooms | - | $740K | N/A |
Summary: Berkeley Lake housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 46.8%, and 5+ bedroom homes did not change.
Housing Supply in Berkeley Lake, GA
How many homes are available in Berkeley Lake, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Berkeley Lake real estate market had 7 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 3 | +200.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Berkeley Lake 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 remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley Lake, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Berkeley Lake in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Berkeley Lake, GA
How long does it take to sell a home in Berkeley Lake, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +25.3% |
Summary: Homes in Berkeley Lake had an average of 41 days on market in Mar 2024, up by 25.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Berkeley Lake has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Berkeley Lake; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.