Is East Berlin, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Berlin was a Seller's Market.
Key Takeaway
East Berlin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Berlin, PA
How much do homes in East Berlin, PA cost?
Median Sold Price
$293,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Berlin have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in East Berlin was $293,500 in May 2024, up 2.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $105K | N/A |
| 2 Bedrooms | $172.4K | $235K | +36.3% |
| 3 Bedrooms | $268.7K | $289K | +7.5% |
| 4 Bedrooms | $407.5K | $331.2K | -18.7% |
| 5+ Bedrooms | - | $533.7K | N/A |
Summary: East Berlin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.3%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 18.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Reading Township | $210K | $240K | +14.3% |
| Hamilton Township | $349.9K | $357.5K | +2.2% |
| East Berlin | $287.5K | $293.5K | +2.1% |
| Paradise Township | $350K | $299.9K | -14.3% |
Housing Supply in East Berlin, PA
How many homes are available in East Berlin, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Summary: The East Berlin real estate market had 24 homes for sale in May 2024, a 41.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Berlin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Berlin, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in East Berlin in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for East Berlin, PA
How long does it take to sell a home in East Berlin, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 5 Days | -37.8% |
Summary: Homes in East Berlin had an average of 5 days on market in May 2024, down by 37.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Berlin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in East Berlin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
