Is Berkeley, VA 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, Berkeley has remained a Seller's Market.
Housing Prices in Berkeley, VA
How much do homes in Berkeley, VA cost?
Median Sold Price
$425,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Berkeley was $425,000 in April 2024, up 1.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $225K | N/A |
3 Bedrooms | $380K | $385K | +1.3% |
4 Bedrooms | $449.9K | $475K | +5.6% |
5+ Bedrooms | $568.7K | $480K | -15.6% |
Summary: Berkeley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
Livingston | $463.6K | $547.1K | +18.0% |
Spotsylvania | $425K | $471.8K | +11.0% |
Lee Hill | $435K | $446.4K | +2.6% |
Berkeley | $417.4K | $425K | +1.8% |
Housing Supply in Berkeley, VA
How many homes are available in Berkeley, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 113 | +13.0% |
Summary: The Berkeley real estate market had 113 homes for sale in April 2024, a 13.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 53 | 52 | -1.9% |
4 Bedrooms | 34 | 41 | +20.6% |
5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Berkeley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 37 | +105.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Berkeley in April 2024, up by 105.6% month-over-month. Of the 37 sold homes, 16% were sold under asking, 32% were sold at asking, and 51% were sold over asking.
Days on Market for Berkeley, VA
How long does it take to sell a home in Berkeley, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 37 Days | -17.8% |
Summary: Homes in Berkeley had an average of 37 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in Berkeley; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.