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

Housing Market Conditions



Gauge showing Berlin is a neutral's market


Difference Since May 2023

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.

Housing Prices in Berlin, MD

How much do homes in Berlin, MD cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Berlin have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Berlin was $425,000 in May 2024, down 1.2% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$125K
2 $220K$320K
3 $367.2K$392.5K
4 $565K$539K
5+ $810K$849.9K

Summary: Berlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 4.9%.

Housing Supply in Berlin, MD

How many homes are available in Berlin, MD?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Berlin real estate market had 255 homes for sale in May 2024, a 18.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 1516
3 121145
4 6067
5+ 1927

Summary: The Berlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 42.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 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. 52.5% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Berlin in May 2024, up by 29.0% month-over-month. Of the 40 sold homes, 53% were sold under asking, 15% were sold at asking, and 33% were sold over asking.

Days on Market for Berlin, MD

How long does it take to sell a home in Berlin, MD?

Average Sale Time

May 2023May 2024CHANGE
36 Days31 Days-15.2%

Summary: Homes in Berlin had an average of 31 days on market in May 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 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.

Summary: During May 2024, 40 homes were sold in Berlin; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 16 Days Ago

Newest Listings in Berlin, MD

Nearby Markets to Berlin, MD