$3,443 Closing Credit*
$289,900
1,344 SqFt
3 Beds
•1 Full Bath
#1895719, Alexander Paszkowski, Listing Office: Shorewest Realtors, Inc.
Is New Berlin, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, New Berlin has remained a Seller's Market.
Key Takeaway
New Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Berlin, WI
How much do homes in New Berlin, WI cost?
Median Sold Price
$410,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$20,037(+5.1%)
Key Takeaway
Homes in New Berlin have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in New Berlin was $410,000 in September 2024, up 5.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.1K | $154K | -12.6% |
| 2 Bedrooms | $279K | $290K | +3.9% |
| 3 Bedrooms | $389K | $420K | +8.0% |
| 4 Bedrooms | $460K | $457.5K | -0.5% |
| 5+ Bedrooms | $734K | $475K | -35.3% |
Summary: New Berlin housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 35.3%.
Median Sold Price Compared To Nearby Cities
| Hales Corners | $325K | $366K | +12.6% |
| Brookfield | $435K | $485K | +11.5% |
| West Allis | $235K | $250.5K | +6.6% |
| New Berlin | $389.9K | $410K | +5.1% |
| Muskego | $450K | $469.2K | +4.3% |
Housing Supply in New Berlin, WI
How many homes are available in New Berlin, WI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 95 | 103 | +8.4% |
Summary: The New Berlin real estate market had 103 homes for sale in September 2024, a 8.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 55 | 58 | +5.5% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The New Berlin housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Berlin, you could pay more than the asking price. 65.5% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in New Berlin in September 2024, down by 19.4% month-over-month. Of the 29 sold homes, 21% were sold under asking, 14% were sold at asking, and 66% were sold over asking.
Days on Market for New Berlin, WI
We’re sorry, we don't have information for this market at the moment
