Is Berg-Lahser, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Berg-Lahser was a Seller's Market.
Key Takeaway
Berg-Lahser is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Berg-Lahser, MI
How much do homes in Berg-Lahser, MI cost?
Median Sold Price
$149,900
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berg-Lahser have sold for 36.3% more than they did a year ago.
Summary: The median home sold price in Berg-Lahser was $149,900 in April 2024, up 36.3% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $99.5K | N/A |
| 2 Bedrooms | - | $65K | N/A |
| 3 Bedrooms | $110K | $137.7K | +25.2% |
| 4 Bedrooms | $165K | $209K | +26.7% |
| 5+ Bedrooms | $190K | $467K | +145.8% |
Summary: Berg-Lahser housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 145.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Berg-Lahser | $110K | $149.9K | +36.3% |
| Evergreen | $73K | $77.9K | +6.8% |
| Old Redford | $100K | $99.7K | -0.3% |
| Upper West | $87.7K | $85K | -3.1% |
| Five Points | $100K | $80K | -20.0% |
Housing Supply in Berg-Lahser, MI
How many homes are available in Berg-Lahser, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Berg-Lahser real estate market had 10 homes for sale in April 2024, a 23.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berg-Lahser housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berg-Lahser, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Berg-Lahser in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Berg-Lahser, MI
How long does it take to sell a home in Berg-Lahser, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Berg-Lahser are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 1 homes were sold in Berg-Lahser; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
