Is Berlin, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$205,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Berlin have sold for 29.8% more than they did a year ago.
Summary: The median home sold price in Berlin was $205,000 in March 2024, up 29.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $121K | N/A |
| 2 Bedrooms | $120K | $145K | +20.8% |
| 3 Bedrooms | $160K | $212.9K | +33.1% |
| 4 Bedrooms | $177.4K | $173.5K | -2.2% |
| 5+ Bedrooms | $282.5K | $355.5K | +25.8% |
Summary: Berlin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 33.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 25.8%.
Median Sold Price Compared To Nearby Cities
| Berlin | $157.9K | $205K | +29.8% |
| Berlin | $159.9K | $205K | +28.2% |
Housing Supply in Berlin, WI
How many homes are available in Berlin, WI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 38 | -2.6% |
Summary: The Berlin real estate market had 38 homes for sale in March 2024, a 2.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Berlin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Berlin in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Berlin, WI
We’re sorry, we don't have information for this market at the moment
