Is Berwick, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berwick is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Berwick, PA

How much do homes in Berwick, PA cost?

Median Sold Price

$194,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$34,000(+21.3%)

Key Takeaway

Homes in Berwick have sold for 21.3% more than they did a year ago.

Summary: The median home sold price in Berwick was $194,000 in May 2024, up 21.3% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $98.5K$85K
-13.7%
2 $140.5K$157K
+11.7%
3 $173.5K$196K
+13.0%
4 $171.5K$230K
+34.1%
5+ $155K$182.6K
+17.9%

Summary: Berwick housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 17.9%.

Median Sold Price Compared To Nearby Cities

Berwick
+21.3%
Salem Township
+17.5%
Mifflin Township
-4.9%

Housing Supply in Berwick, PA

How many homes are available in Berwick, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4139-4.9%

Summary: The Berwick real estate market had 39 homes for sale in May 2024, a 4.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 77
0.0%
3 2420
-16.7%
4 56
+20.0%
5+ 56
+20.0%

Summary: The Berwick housing inventory by bedroom type for May 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 16.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berwick, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Berwick in May 2024, up by 54.5% month-over-month. Of the 17 sold homes, 35% were sold under asking, 12% were sold at asking, and 53% were sold over asking.

Days on Market for Berwick, PA

How long does it take to sell a home in Berwick, PA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 17 homes were sold in Berwick; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Berwick, PA

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