Is Berkley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Berkley has remained a Seller's Market.
Key Takeaway
Berkley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berkley, MA
How much do homes in Berkley, MA cost?
Median Sold Price
$578,500
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Berkley have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Berkley was $578,500 in June 2024, up 2.9% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $542.5K | $439.9K | -18.9% |
| 3 Bedrooms | $547K | $573.5K | +4.8% |
| 4 Bedrooms | $670K | $570K | -14.9% |
| 5+ Bedrooms | $1.2M | $882K | -28.4% |
Summary: Berkley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes decreased by 28.4%.
Housing Supply in Berkley, MA
How many homes are available in Berkley, MA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Berkley real estate market had 17 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Berkley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkley, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Berkley in June 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Berkley, MA
How long does it take to sell a home in Berkley, MA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 37 Days | 24 Days | -34.4% |
Summary: Homes in Berkley had an average of 24 days on market in Jun 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berkley are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Berkley; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
