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 November 2021

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.

How much do homes in Berlin, MA cost?

Median Sold Price

$550,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$85,000(+18.3%)

Key Takeaway

Homes in Berlin have sold for 18.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $455K-
N/A
2 $440K$452K
+2.7%
3 $450K$605K
+34.4%
4 $780K$591.2K
-24.2%
5+ $875K$585K
-33.1%

Median Sold Price Compared To Nearby Cities

Berlin
+18.3%
Northborough
+13.6%
Marlborough
+11.1%
Bolton
+7.8%
Clinton
+7.6%

How many homes are available in Berlin, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
158-46.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 21
-50.0%
4 72
-71.4%
5+ 32
-33.3%

Number of Homes Sold

Oct 2022Nov 2022%
62-66.7%

Asking Price vs. Sold Price

1 Home Was 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 Berlin, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
22 Days36 Days+65.9%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berlin are selling fast, if you're buying plan to act quickly.

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

About Berlin, MA

Number of homes for sale in Berlin, MA real estate market have reached 8. The number of homes for sale in Berlin, MA decreased by 46.7% between October 2022 and November 2022. In November 2022, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $550,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 2.7%, the cost of 3 bedrooms properties went up by 34.4%, the cost of 4 bedrooms properties went down by 24.2%, the cost of 5 bedrooms properties went down by 33.1%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes became 50% less available, 4 bedrooms homes became 71.4% less available, number of 5 bedrooms homes decreased by 33.3%. Over 1 listings were sold over their listed price in November 2022 in Berlin, MA. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

Related Housing Market Reports