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
Last month, Berkeley Lake was a Seller's Market.
Key Takeaway
Berkeley Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Berkeley Lake, GA
How much do homes in Berkeley Lake, GA cost?
Median Sold Price
$1,425,000
$351/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in Berkeley Lake have sold for 108.6% more than they did a month ago.
Summary: The median home sold price in Berkeley Lake was $1,425,000 in November 2023, up 108.6% from last month, and the median price per square foot was $351.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $665K | $1.4M | +114.3% |
| 5+ Bedrooms | $780K | - | N/A |
Summary: Berkeley Lake housing prices by bedroom type for November 2023 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 114.3%, 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
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Berkeley Lake real estate market had 7 homes for sale in November 2023, a 30.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Berkeley Lake housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Berkeley Lake in November 2023, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 22 Days | 11 Days | -50.0% |
Summary: Homes in Berkeley Lake had an average of 11 days on market in Nov 2023, down by 50% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berkeley Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 1 homes were sold in Berkeley Lake; 100% of homes were sold within 30 days, 0% 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.