$209,000
120.00 Acres
Land
#50298126, Dave Schutt, Listing Office: Whitetail Properties Real Estate, LLC
Is Berlin, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Berlin was a Seller's Market.
Key Takeaway
Berlin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Berlin, WI
How much do homes in Berlin, WI cost?
Median Sold Price
$211,450
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$36,450(+20.8%)
Key Takeaway
Homes in Berlin have sold for 20.8% more than they did a year ago.
Summary: The median home sold price in Berlin was $211,450 in August 2024, up 20.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121K | $139K | +14.9% |
| 2 Bedrooms | $120K | $150.5K | +25.4% |
| 3 Bedrooms | $188K | $213K | +13.3% |
| 4 Bedrooms | $175K | $235.5K | +34.6% |
| 5+ Bedrooms | $255K | $435K | +70.6% |
Summary: Berlin housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 70.6%.
Housing Supply in Berlin, WI
How many homes are available in Berlin, WI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 30 | 28 | -6.7% |
Summary: The Berlin real estate market had 28 homes for sale in August 2024, a 6.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Berlin housing inventory by bedroom type for August 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 14.3%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Berlin in August 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% 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
