Is Berlin, NJ 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.
Housing Prices in Berlin, NJ
How much do homes in Berlin, NJ cost?
Median Sold Price
$360,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berlin was $360,000 in April 2024, up 12.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.9K | $134K | +21.8% |
2 Bedrooms | $270K | $349.5K | +29.4% |
3 Bedrooms | $287.7K | $325K | +12.9% |
4 Bedrooms | $433K | $422.5K | -2.4% |
5+ Bedrooms | $357.5K | $470K | +31.5% |
Summary: Berlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 31.5%.
Median Sold Price Compared To Nearby Cities
West Berlin | $265K | $337.9K | +27.5% |
Berlin Township | $279.9K | $349.6K | +24.9% |
Berlin | $319K | $360K | +12.9% |
Lindenwold | $222.4K | $240K | +7.9% |
Atco | $286K | $300K | +4.9% |
Housing Supply in Berlin, NJ
How many homes are available in Berlin, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 40 | +11.1% |
Summary: The Berlin real estate market had 40 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Berlin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Berlin in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 22% were sold under asking, 33% were sold at asking, and 44% were sold over asking.
Days on Market for Berlin, NJ
How long does it take to sell a home in Berlin, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 16 Days | -75.3% |
Summary: Homes in Berlin had an average of 16 days on market in Apr 2024, down by 75.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Berlin; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.