Is Berlin, WI 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, Berlin has remained a Seller'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
$200,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Berlin have sold for 18.4% more than they did a year ago.
Summary: The median home sold price in Berlin was $200,000 in April 2024, up 18.4% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $130K | N/A |
| 2 Bedrooms | $120K | $135K | +12.5% |
| 3 Bedrooms | $172.4K | $212.9K | +23.5% |
| 4 Bedrooms | $177.4K | $176.5K | -0.5% |
| 5+ Bedrooms | $350K | $373K | +6.6% |
Summary: Berlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Berlin, WI
How many homes are available in Berlin, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The Berlin real estate market had 45 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Berlin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Berlin in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Berlin, WI
We’re sorry, we don't have information for this market at the moment
