Berkley, MI Home Values & Market Trends
Real estate market trends reflect that there have been 302 transactions over the past year in Berkley. The median value for residential home transactions that occurred over the previous year is $306,357.53. The number of current listings in Berkley is 24, and the percentage of properties for sale in the city is 24.00%. Berkley, MI currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 24 properties for sale.
Berkley, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48072 | $ 322,571 $ 263/sqft |
Housing Market Summary for Berkley, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $321.9K | $294.8K | -8.45% |
Median Sold Price | $291.4K | $294.8K | 1.14% |
Homes For Sale | 22 | 12 | -45.45% |
Homes Sold | 185 | 168 | -9.19% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Berkley, MI
Browse Homes in Berkley, MI
Berkley home values range from $30,508 to $1,026,601. The median estimated value of a home in Berkley is $306,357.53. The median list price of a home is 299,950, and the total count of properties in the city is 6,636.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Berkley, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Berkley, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Berkley, MI ranges from the highest value of $305,652 in 48072 to the lowest value of $305,652 in 48072. Bank owned homes and properties account for 0.02% of properties in Berkley, MI. There is 1 zips within Berkley, MI; 48072 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48072 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Berkley, MI. Auction homes and other auction properties account for 0.03% of all properties in Berkley, MI. There is 1 zips within Berkley, MI; of that zips, the median estimated home value for homes going to auction ranges from $296,752 in 48072 to the lowest value of $268,681 in 48072.
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More Real Estate Resources for Berkley, MI
Guide for Berkley, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
When house prices increase near good school, what options do home buyer have?