Is Berlin, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, MA
How much do homes in Berlin, MA cost?
Median Sold Price
$707,500
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Berlin have sold for 19.4% more than they did a year ago.
Summary: The median home sold price in Berlin was $707,500 in March 2024, up 19.4% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $434.5K | $644K | +48.2% |
| 3 Bedrooms | $604.2K | $562.5K | -6.9% |
| 4 Bedrooms | $775K | $1.0M | +29.0% |
| 5+ Bedrooms | $585K | $739K | +26.3% |
Summary: Berlin 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 increased by 48.2%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Berlin | $592.7K | $707.5K | +19.4% |
| Bolton | $765K | $870K | +13.7% |
| Northborough | $589K | $651K | +10.5% |
| Marlborough | $501K | $545K | +8.8% |
| Clinton | $395K | $400K | +1.3% |
Housing Supply in Berlin, MA
How many homes are available in Berlin, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Summary: The Berlin real estate market had 15 homes for sale in March 2024, a 6.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 8 | -27.3% |
| 3 Bedrooms | 0 | 2 | +100.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Berlin 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 27.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Berlin in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Berlin, MA
How long does it take to sell a home in Berlin, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 78 Days | 59 Days | -23.7% |
Summary: Homes in Berlin had an average of 59 days on market in Mar 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Berlin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Berlin; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
