Is Berlin 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 Township was a Neutral Market.
Housing Prices in Berlin Township, MI
How much do homes in Berlin Township, MI cost?
Median Sold Price
$260,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berlin Township was $260,000 in March 2024, down 7.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $118K | $118.5K | 0.4% |
3 Bedrooms | $205.5K | $257.5K | +25.3% |
4 Bedrooms | $388.7K | $285K | -26.7% |
5+ Bedrooms | $495K | $265K | -46.5% |
Summary: Berlin 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 increased by 0.4%, 3 bedroom homes increased by 25.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 46.5%.
Median Sold Price Compared To Nearby Cities
Ionia | $175K | $189.9K | +8.5% |
Ionia Township | $178.9K | $190K | +6.2% |
Easton Township | $231.5K | $221K | -4.5% |
Berlin Township | $280K | $260K | -7.1% |
Housing Supply in Berlin Township, MI
How many homes are available in Berlin Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Summary: The Berlin Township real estate market had 4 homes for sale in March 2024, a 33.3% 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 | 1 | 0.0% |
3 Bedrooms | 0 | 2 | +100.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berlin 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Berlin Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Berlin Township, MI
How long does it take to sell a home in Berlin Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
97 Days | 106 Days | +9.3% |
Summary: Homes in Berlin Township had an average of 106 days on market in Mar 2024, up by 9.3% compared to last year.
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
Summary: During March 2024, 1 homes were sold in Berlin Township; 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.