Is Berkeley, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Berkeley has remained a Seller's Market.
Housing Prices in Berkeley, MO
How much do homes in Berkeley, MO cost?
Median Sold Price
$83,000
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Berkeley was $83,000 in March 2024, up 10.7% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $43.8K | N/A |
2 Bedrooms | $57.5K | $64.3K | +11.9% |
3 Bedrooms | $92.2K | $96K | +4.1% |
4 Bedrooms | $78K | $78.7K | +0.9% |
5+ Bedrooms | $400K | - | N/A |
Summary: Berkeley 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 11.9%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Berkeley | $75K | $83K | +10.7% |
Airport Township | $130K | $132.2K | +1.7% |
Woodson Terrace | $133.5K | $125K | -6.4% |
Bel-Ridge | $65.4K | $57.8K | -11.7% |
Housing Supply in Berkeley, MO
How many homes are available in Berkeley, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 31 | -6.1% |
Summary: The Berkeley real estate market had 31 homes for sale in March 2024, a 6.1% decrease 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 | 13 | 12 | -7.7% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 2 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Berkeley 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 7.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Berkeley in March 2024, down by 42.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Berkeley, MO
How long does it take to sell a home in Berkeley, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 46 Days | -7.7% |
Summary: Homes in Berkeley had an average of 46 days on market in Mar 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Berkeley; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.