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 February 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

$550,000

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$15,000(-2.7%)

Key Takeaway

Homes in Berkley have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Berkley was $550,000 in February 2024, down 2.7% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $542.5K$439.9K
-18.9%
3 $515K$560K
+8.7%
4 $671.2K$520K
-22.5%
5+ $807.5K$2.2M
+178.0%

Summary: Berkley housing prices by bedroom type for February 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 8.7%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes increased by 178%.

Median Sold Price Compared To Nearby Cities

Dighton
+10.8%
Assonet
+4.6%
Freetown
+4.5%
Taunton
+2.3%
Berkley
-2.7%

Housing Supply in Berkley, MA

How many homes are available in Berkley, MA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1413-7.1%

Summary: The Berkley real estate market had 13 homes for sale in February 2024, a 7.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 34
+33.3%
4 33
0.0%
5+ 54
-20.0%

Summary: The Berkley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Berkley in February 2024, down by 25.0% 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 Berkley, MA

How long does it take to sell a home in Berkley, MA?

Average Sale Time

Feb 2023Feb 2024CHANGE
99 Days34 Days-65.2%

Summary: Homes in Berkley had an average of 34 days on market in Feb 2024, down by 65.2% 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 February 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 27 Days Ago

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