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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berlin is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Berlin was a Seller's Market.

Key Takeaway

Berlin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Berlin, MD cost?

Median Sold Price

$407,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$97,100(+31.3%)

Key Takeaway

Homes in Berlin have sold for 31.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $255K$110K
-56.9%
3 $271.9K$361K
+32.7%
4 $402.5K$475.9K
+18.3%
5+ $544.5K$502K
-7.8%

How many homes are available in Berlin, MD?

Number of Homes For Sale

Sep 2022Oct 2022%
1918-5.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 01
+100.0%
3 1211
-8.3%
4 55
0.0%
5+ 21
-50.0%

Number of Homes Sold

Sep 2022Oct 2022%
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berlin, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
18 Days15 Days-16.7%

Breakdown of Home Sale Times

2 Homes Were 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, MD

Homes for sale in Berlin, MD have reached 18. The number of listings in Berlin, MD decreased by 5.3% between September 2022 and October 2022. The median list price of listings available in October 2022 was $407,000, while the average time on the real estate market was 15 days. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went down by 56.9%, prices of 3 bedrooms properties went up by 32.7%, prices of 4 bedrooms properties went up by 18.3%, 5 bedrooms properties prices decreased by 7.8%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 100%, number of 3 bedrooms homes decreased by 8.3%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes became 50% less available. Over 2 listings were sold over their listed price in October 2022 in Berlin, MD. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.