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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berlin is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Berlin was a Neutral 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

$432,500

$262/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$104,950(-19.5%)

Key Takeaway

Homes in Berlin have sold for 19.5% less than they did a month ago.

Summary: The median home sold price in Berlin was $432,500 in September 2024, down 19.5% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $537.4K-
N/A
3 -$432.5K
N/A
4 --
N/A
5+ --
N/A

Summary: Berlin housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Berlin, MA

How many homes are available in Berlin, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1211-8.3%

Summary: The Berlin real estate market had 11 homes for sale in September 2024, a 8.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 34
+33.3%
4 44
0.0%
5+ 11
0.0%

Summary: The Berlin 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 decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berlin, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Berlin in September 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Aug 2024Sep 2024CHANGE
22 Days80 Days+255.6%

Summary: Homes in Berlin had an average of 80 days on market in Sep 2024, up by 255.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Berlin; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 10 Days Ago

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MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 08/01/2024 - 10/01/2024

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/10/2024, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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