Is East Berlin, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, East Berlin was a Buyer's Market.
Key Takeaway
East Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Berlin, PA
How much do homes in East Berlin, PA cost?
Median Sold Price
$247,000
$198/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in East Berlin have sold for 16.1% less than they did a month ago.
Summary: The median home sold price in East Berlin was $247,000 in March 2024, down 16.1% from last month, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $234.2K | N/A |
| 3 Bedrooms | $289K | $247K | -14.5% |
| 4 Bedrooms | $300K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: East Berlin housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in East Berlin, PA
How many homes are available in East Berlin, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The East Berlin real estate market had 25 homes for sale in March 2024, a 16.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The East Berlin 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 decreased by 20%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Berlin, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Berlin in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for East Berlin, PA
How long does it take to sell a home in East Berlin, PA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 Days | 42 Days | -63.0% |
Summary: Homes in East Berlin had an average of 42 days on market in Mar 2024, down by 63% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Berlin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in East Berlin; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
