$424,900
2,037 SqFt
4 Beds
•2 Full Baths
#10558122, Faith Turner, Listing Office: CENTURY 21 Nachman Realty
October 2024
Report Updated 5 Days Ago
Is Berkeley, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Berkeley was a Buyer's Market.
How much do homes in Berkeley, VA cost?
$550,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
Summary: The median home sold price in Berkeley was $550,000 in October 2024, up 18.3% from last year, and the median price per square foot was $218.
# BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $267K | $297.5K | +11.4% |
3 Bedrooms | $365K | $447.5K | +22.6% |
4 Bedrooms | $500K | $710K | +42.0% |
5+ Bedrooms | $837.5K | $1.1M | +38.2% |
Summary: Berkeley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 42%, and 5+ bedroom homes increased by 38.2%.
Jamestown | $405.2K | $515K | +27.1% |
Berkeley | $465K | $550K | +18.3% |
Williamsburg | $457.5K | $506.8K | +10.8% |
Williamsburg | $460.2K | $509.5K | +10.7% |
Powhatan | $465K | $495.4K | +6.6% |
How many homes are available in Berkeley, VA?
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
116 | 125 | +7.8% |
Summary: The Berkeley real estate market had 125 homes for sale in October 2024, a 7.8% increase compared to September 2024.
# BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 41 | 45 | +9.8% |
4 Bedrooms | 49 | 53 | +8.2% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Berkeley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes decreased by 15.4%.
Sep 2024 | Oct 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Berkeley in October 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
How long does it take to sell a home in Berkeley, VA?
Oct 2023 | Oct 2024 | CHANGE |
---|---|---|
52 Days | 31 Days | -40.1% |
Summary: Homes in Berkeley had an average of 31 days on market in Oct 2024, down by 40.1% compared to last year.
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During October 2024, 23 homes were sold in Berkeley; 65% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% 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 5 Days Ago
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Based on information from Real Estate Information Network, and Central Virginia Regional MLS for the period 11/01/2022 - 11/01/2024
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Last updated on: 11/6/2024, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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