Homes For Sale in Berlin Market Report

The report for Berlin MA gives us the first peek at a quieter part of Metrowest. Story remains the same. Remember, Berlin is a very small town, so the numbers can jump around a bit, and we have some of that in this report.

 

Prices came down in Berlin in this report, but are still up sharply over the year.

Can’t see the chart? You can find it Here .

With this one, I've begun to include the $/sq foot in the graph, as I do spend some time talking about it, and it will be a major focus this year, as we try to figure out what happens to prices.

Find Your Next Home or Check out the Competition!

Clearly, with only six (six!) houses on the market, one needs to be be pretty careful when evaluating anything statistically. But the HSI is around 150, so things can't be too bad, for sure. Things in fact are very good for sellers, with so little competition. Lack of competition makes it hard for buyers to compare properties, and that can be very favorable for sellers in certain cases. Note that $/sq foot has taken a sharp fall in this report. It may seem that things are getting cheaper, but rather I would suggest that the previous report contained a few outliers that pushed the number up. Year over year, the $/sq foot is still up over 10%, and that is in line with what we are seeing in other markets.

 

 

Berlin Houses For Sale and Sold Market Statistics - Raw MLS Data

 

  • Berlin‘s “Home Seller Index” (HSI):151 Last Report: 106
  • There are 6 homes listed as For Sale in Berlin.

    I have an idea for Berlin Home Sellers:

    Get out there and take advantage of the low

    inventory to get a premium price.
  • There have been 23 houses sold in the last 6 months, and 10 homes sold in the last 3 months.
  • The Average number of Days on Market was 194 days for just SOLD homes.
  • There is an Average Market Time of 139 days of the homes For Sale (currently for sale).
  • The amount that was paid in Dollars per Square Foot averaged $159 (vs. $175)
  • There was an Average Sold Price of $420,174 for sold homes.
  • Berlin, MA, has 0 properties advertised as lender owned/foreclosure (typically foreclosure) .
  • Berlin has 1 properties advertised as a short-sale is going to be needed by lender.

 

 

 

*All statistics are for Single Family Houses and based on data in MLS. Matt’s HSI is proprietary. (That means you won’t find it anywhere else. Take that, Case-Schilling!).

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About Matt Heisler

Matt Heisler is a real-estate professional and owner of this website. He has been selling homes in MA for buyers and sellers for over 20 years. He is an expert in foreclosure purchases, short-sale purchases, short-sale sales, buy and hold investing, fix and flip investing, and of course traditional residential home sales. He is happy to take questions as they pertain to real estate on Title V, Radon, Termites, Sump Pumps, Roofs, Foundations, Wells, Septic Systems, Cash-Flow, Staging, and a host of other housing issues. As a Vanderbilt University alumnus, he is proud to serve his local community.

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*All information is posted in good faith and is assumed to be reliable, but may rely on third party information sources.