Is Berlin, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Berlin has remained a Seller's Market.
Key Takeaway
Berlin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Berlin, MA
How much do homes in Berlin, MA cost?
Median Sold Price
$709,500
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Berlin have sold for 29.6% more than they did a year ago.
Summary: The median home sold price in Berlin was $709,500 in May 2024, up 29.6% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $490K | $688.1K | +40.4% |
| 3 Bedrooms | $555K | $575K | +3.6% |
| 4 Bedrooms | $775K | $887.5K | +14.5% |
| 5+ Bedrooms | $585K | $739K | +26.3% |
Summary: 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 40.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Berlin | $547.5K | $709.5K | +29.6% |
| Bolton | $770K | $880K | +14.3% |
| Northborough | $600K | $662.5K | +10.4% |
| Marlborough | $520K | $539.9K | +3.8% |
| Clinton | $397K | $404.7K | +1.9% |
Housing Supply in Berlin, MA
How many homes are available in Berlin, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Berlin real estate market had 18 homes for sale in May 2024, a 10.0% decrease 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 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 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Berlin, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Berlin in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Berlin, MA
How long does it take to sell a home in Berlin, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 28 Days | -50.5% |
Summary: Homes in Berlin had an average of 28 days on market in May 2024, down by 50.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Berlin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Berlin; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
