Is Berrien County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berrien County is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Berrien County has remained a Seller's Market.

Key Takeaway

Berrien County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Berrien County, MI

How much do homes in Berrien County, MI cost?

Median Sold Price

$268,717

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$26,327(+10.9%)

Key Takeaway

Homes in Berrien County have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Berrien County was $268,717 in June 2024, up 10.9% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $132K$251.5K
+90.5%
2 $163.6K$199K
+21.6%
3 $226.8K$241K
+6.3%
4 $345.4K$364.1K
+5.4%
5+ $592.5K$520K
-12.2%

Summary: Berrien County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90.5%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 12.2%.

Median Sold Price Compared To Nearby Counties

Berrien County
+10.9%
Van Buren County
+3.6%
Cass County
+2.4%

Housing Supply in Berrien County, MI

How many homes are available in Berrien County, MI?

Number of Homes For Sale

May 2024Jun 2024CHANGE
745820+10.1%

Summary: The Berrien County real estate market had 820 homes for sale in June 2024, a 10.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1015
+50.0%
2 129137
+6.2%
3 290310
+6.9%
4 199233
+17.1%
5+ 117125
+6.8%

Summary: The Berrien County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

May 2024Jun 2024CHANGE
159152-4.4%

Asking Price vs. Sold Price

77 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berrien County, you may be able to get a good deal. 50.7% of homes here sold below asking price last month.

Summary: A total of 152 homes were sold or pending in Berrien County in June 2024, down by 4.4% month-over-month. Of the 152 sold homes, 51% were sold under asking, 16% were sold at asking, and 33% were sold over asking.

Days on Market for Berrien County, MI

How long does it take to sell a home in Berrien County, MI?

Average Sale Time

Jun 2023Jun 2024CHANGE
46 Days38 Days-16.7%

Summary: Homes in Berrien County had an average of 38 days on market in Jun 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

90 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Berrien County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 152 homes were sold in Berrien County; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 9% 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 26 Days Ago

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