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 September 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

$620,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$55,500(+9.8%)

Key Takeaway

Homes in Berkley have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Berkley was $620,000 in September 2024, up 9.8% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $470K$430K
-8.5%
3 $550K$600K
+9.1%
4 $640K$650K
+1.6%
5+ $910K$882K
-3.1%

Summary: Berkley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 3.1%.

Median Sold Price Compared To Nearby Cities

Freetown
+11.3%
Berkley
+9.8%
Assonet
+8.6%
Taunton
+5.6%
Dighton
+0.9%

Housing Supply in Berkley, MA

How many homes are available in Berkley, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
12120.0%

Summary: The Berkley real estate market had 12 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 22
0.0%
5+ 22
0.0%

Summary: The Berkley housing inventory by bedroom type for September 2024 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 remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
330.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berkley, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Berkley in September 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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

Sep 2023Sep 2024CHANGE
21 Days46 Days+113.0%

Summary: Homes in Berkley had an average of 46 days on market in Sep 2024, up by 113% compared to last year.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Berkley has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Berkley; 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.

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

Report Updated Sep 1, 2024

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