Is Berlin Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Berlin Charter Township was a Seller's Market.
Housing Prices in Berlin Charter Township, MI
How much do homes in Berlin Charter Township, MI cost?
Median Sold Price
$280,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berlin Charter Township was $280,000 in March 2024, down 1.8% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $209.9K | $200K | -4.7% |
3 Bedrooms | $264.9K | $288.5K | +8.9% |
4 Bedrooms | $333.7K | $297.5K | -10.9% |
5+ Bedrooms | $435K | $309.5K | -28.8% |
Summary: Berlin Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 28.8%.
Median Sold Price Compared To Nearby Cities
Rockwood | $229.9K | $282.5K | +22.9% |
Brownstown Charter Township | $278.7K | $287.5K | +3.1% |
Flat Rock | $299.9K | $302.5K | +0.9% |
Berlin Charter Township | $285K | $280K | -1.8% |
Housing Supply in Berlin Charter Township, MI
How many homes are available in Berlin Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Summary: The Berlin Charter Township real estate market had 25 homes for sale in March 2024, a 31.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 9 | 17 | +88.9% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Berlin Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 88.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Berlin Charter Township in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Berlin Charter Township, MI
How long does it take to sell a home in Berlin Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 66 Days | +51.1% |
Summary: Homes in Berlin Charter Township had an average of 66 days on market in Mar 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Berlin Charter Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.