Market Analysis for Homes Sold in Berkley MI January 2011
January 2011 median sale prices decreased 28% from December 2010 & # of homes sold remained the same. Private owned median prices decreased 21% in January 2011 from December 2010 & # of homes sold decreased 14%. Bank owned homes median price increased 09% in January 2011 from December 2010. January 2011 median sale price decreased 23% from January 2010 & and # homes sold increased 11% in January 2011. Year ending January 2011 median sale price compared to yr ending January 2010 increased 03%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold January 2011
162 listings: | 18 Sold listings: | ||
Average List Price | $125,203 | Average Sold Price | $76,968 |
Median List Price | $116,950 | Median Sold Price | $ 62,750 |
Highest List Price | $279,900 | Highest Sold Price | $127,000 |
Lowest List Price | $27,500 | Lowest Sold Price | $ 25,000 |
Avg. Days On Market | 130 | Avg. Days On Market | 89 |
Private Owned | 135 listings | Private Owned | 12 Sold |
Median List Price | $120,000 | Median Sold Price | $ 92,300 |
Bank Owned | 27 listings | Bank Owned | 6 Sold |
Median List Price | $ 59,900 | Median Sold Price | $ 54,950 |
Active & Sold December 2010
166 listings: | 18 Sold listings: | ||
Median List Price | $122,000 | Median Sold Price | $106,500 |
Private Owned | 147 listings | Private Owned | 14 Sold |
Median List Price | $129,750 | Median Sold Price | $116,747 |
Bank Owned | 19 listings | Bank Owned | 4 Sold |
Median List Price | $ 67,760 | Median Sold Price | $ 50,250 |
Active & Sold January 2010
107 listings: | 16 Sold listings: | ||
Median List Price | $119,895 | Median Sold Price | $ 81,600 |
February 1, 2010 – January 31, 2010
404 listings: | 259 Sold listings: | ||
Median List Price | $110,000 | Median Sold Price | $96,000 |
February 1, 2010 – January 31, 2011
434 listings: | 260 Sold listings: | ||
Median List Price | $108,900 | Median Sold Price | $ 98,875 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in January 2011 with December 2010 & January 2010; year ending January 2010 with year ending January 2011. It shows all homes sold then private owned vs. Bank Owned/HUD. To exclude leases in data, minimum sale price used was $5,000.
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