Is Berkley, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berkley is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Berkley was a Buyer'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

$550,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-1.8%)

Key Takeaway

Homes in Berkley have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Berkley was $550,000 in March 2024, down 1.8% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $542.5K$439.9K
-18.9%
3 $512.5K$560K
+9.3%
4 $690K$520K
-24.6%
5+ $1.2M$1.0M
-14.0%

Summary: Berkley housing prices by bedroom type for March 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 9.3%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes decreased by 14%.

Median Sold Price Compared To Nearby Cities

Freetown
+5.1%
Taunton
+3.3%
Assonet
+2.3%
Dighton
0.4%
Berkley
-1.8%

Housing Supply in Berkley, MA

How many homes are available in Berkley, MA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1514-6.7%

Summary: The Berkley real estate market had 14 homes for sale in March 2024, a 6.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 58
+60.0%
4 32
-33.3%
5+ 54
-20.0%

Summary: The Berkley 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 decreased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkley, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Berkley in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Mar 2023Mar 2024CHANGE
136 Days30 Days-77.9%

Summary: Homes in Berkley had an average of 30 days on market in Mar 2024, down by 77.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Berkley; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 20 Days Ago

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