Is Berkeley, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Berkeley has remained a Seller's Market.
Key Takeaway
Berkeley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berkeley, SC
How much do homes in Berkeley, SC cost?
Median Sold Price
$831,116
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berkeley have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Berkeley was $831,116 in April 2024, up 14.1% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298.5K | $345K | +15.6% |
| 2 Bedrooms | $400K | $486K | +21.5% |
| 3 Bedrooms | $500.4K | $642K | +28.3% |
| 4 Bedrooms | $857.5K | $949K | +10.7% |
| 5+ Bedrooms | $2.0M | $2.2M | +9.7% |
Summary: Berkeley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Berkeley | $728.4K | $831.1K | +14.1% |
| Daniel Island | $1.3M | $1.3M | +6.8% |
Housing Supply in Berkeley, SC
How many homes are available in Berkeley, SC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 182 | 195 | +7.1% |
Summary: The Berkeley real estate market had 195 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 45 | 46 | +2.2% |
| 3 Bedrooms | 50 | 62 | +24.0% |
| 4 Bedrooms | 44 | 45 | +2.3% |
| 5+ Bedrooms | 35 | 35 | 0.0% |
Summary: The Berkeley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 41 | +13.9% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berkeley, you may be able to get a good deal. 70.7% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Berkeley in April 2024, up by 13.9% month-over-month. Of the 41 sold homes, 71% were sold under asking, 22% were sold at asking, and 7% were sold over asking.
Days on Market for Berkeley, SC
We’re sorry, we don't have information for this market at the moment
