Is New Berlin, WI 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, 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
$406,333
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in New Berlin have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in New Berlin was $406,333 in April 2024, up 8.4% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $162.6K | +30.1% |
| 2 Bedrooms | $264.9K | $286K | +7.9% |
| 3 Bedrooms | $370K | $400K | +8.1% |
| 4 Bedrooms | $440K | $450K | +2.3% |
| 5+ Bedrooms | $569.9K | $730K | +28.1% |
Summary: New Berlin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.1%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 28.1%.
Median Sold Price Compared To Nearby Cities
| Muskego | $425K | $467K | +9.9% |
| West Allis | $220K | $240.7K | +9.4% |
| Hales Corners | $323.4K | $352.5K | +9.0% |
| New Berlin | $375K | $406.3K | +8.4% |
| Brookfield | $429.9K | $465K | +8.2% |
Housing Supply in New Berlin, WI
How many homes are available in New Berlin, WI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 | 74 | +34.5% |
Summary: The New Berlin real estate market had 74 homes for sale in April 2024, a 34.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 13 | +62.5% |
| 3 Bedrooms | 27 | 40 | +48.1% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The New Berlin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 48.1%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Berlin, you could pay more than the asking price. 69.6% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in New Berlin in April 2024, up by 35.3% month-over-month. Of the 23 sold homes, 22% were sold under asking, 9% were sold at asking, and 70% 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
