Is Berlin, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Berlin is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Berlin was a Buyer's Market.

Key Takeaway

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

Housing Prices in Berlin, WI

How much do homes in Berlin, WI cost?

Median Sold Price

$205,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$40,000(+24.2%)

Key Takeaway

Homes in Berlin have sold for 24.2% more than they did a year ago.

Summary: The median home sold price in Berlin was $205,000 in February 2024, up 24.2% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$121K
N/A
2 $123.5K$140K
+13.4%
3 $169.9K$212.9K
+25.3%
4 $179.9K$167K
-7.2%
5+ $282.5K$390K
+38.1%

Summary: Berlin housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 25.3%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Cities

Berlin
+26.2%
Berlin
+24.2%

Housing Supply in Berlin, WI

How many homes are available in Berlin, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3540+14.3%

Summary: The Berlin real estate market had 40 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 63
-50.0%
3 2325
+8.7%
4 58
+60.0%
5+ 13
+200.0%

Summary: The Berlin housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
613+116.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Berlin, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Berlin in February 2024, up by 116.7% month-over-month. Of the 13 sold homes, 77% were sold under asking, 0% were sold at asking, and 23% were sold over asking.

Days on Market for Berlin, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Berlin, WI

Nearby Markets to Berlin, WI

What housing markets are near Berlin, WI?