Is Berlin Township, 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 Township has remained a Seller's Market.
Housing Prices in Berlin Township, NJ
How much do homes in Berlin Township, NJ cost?
Median Sold Price
$349,633
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berlin Township was $349,633 in April 2024, up 24.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $134K | N/A |
2 Bedrooms | $210K | $345K | +64.3% |
3 Bedrooms | $273K | $327.5K | +20.0% |
4 Bedrooms | $326.3K | $385K | +18.0% |
5+ Bedrooms | $337.7K | $447K | +32.3% |
Summary: Berlin Township 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 64.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 32.3%.
Median Sold Price Compared To Nearby Cities
West Berlin | $265K | $337.9K | +27.5% |
Berlin Township | $279.9K | $349.6K | +24.9% |
Evesham Township | $362.9K | $410K | +13.0% |
Berlin | $319K | $360K | +12.9% |
Voorhees | $375.9K | $409K | +8.8% |
Housing Supply in Berlin Township, NJ
How many homes are available in Berlin Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 55 | -11.3% |
Summary: The Berlin Township real estate market had 55 homes for sale in April 2024, a 11.3% decrease 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 | 6 | 6 | 0.0% |
3 Bedrooms | 40 | 33 | -17.5% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Berlin Township 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 remained the same, 3 bedroom homes decreased by 17.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 14 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Berlin Township in April 2024, down by 30.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for Berlin Township, NJ
How long does it take to sell a home in Berlin Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 13 Days | -73.8% |
Summary: Homes in Berlin Township had an average of 13 days on market in Apr 2024, down by 73.8% compared to last year.
Breakdown of Home Sale Times
13 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, 14 homes were sold in Berlin Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.