Is Berkley, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Berkley has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $542.5K | $439.9K | -18.9% |
3 Bedrooms | $515K | $560K | +8.7% |
4 Bedrooms | $671.2K | $520K | -22.5% |
5+ Bedrooms | $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%.
Housing Supply in Berkley, MA
How many homes are available in Berkley, MA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 13 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 5 | 4 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 3 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
99 Days | 34 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
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.