Market Analysis for Homes Sold in Berkley MI February 2011
February 2011 median sale prices increased 30% from January 2011 & # of homes sold remained relatively the same. Private owned median prices increased 22% in February 2011 from January 2011 & # of homes sold increased 14%. Bank owned homes median price increased 17% in February 2011 from January 2011. February 2011 median sale price increased 13% from February 2010 & and # homes sold increased 21% in February 2011. Year ending February 2011 median sale price compared to yr ending February 2010 increased 05%. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold February 2011
| 163 listings: | 19 Sold listings: | ||
| Average List Price | $131,369 | Average Sold Price | $ 97,770 |
| Median List Price | $119,900 | Median Sold Price | $ 90,000 |
| Highest List Price | $289,000 | Highest Sold Price | $175,000 |
| Lowest List Price | $32,680 | Lowest Sold Price | $ 58,500 |
| Avg. Days On Market | 139 | Avg. Days On Market | 121 |
| Private Owned | 143 listings | Private Owned | 14 Sold |
| Median List Price | $127,988 | Median Sold Price | $118,000 |
| Bank Owned | 20 listings | Bank Owned | 5 Sold |
| Median List Price | $ 67,830 | Median Sold Price | $ 66,000 |
Active & Sold January 2011
| 162 listings: | 18 Sold listings: | ||
| Median List Price | $116,950 | Median Sold Price | $ 62,750 |
| 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 February 2010
| 159 listings: | 15 Sold listings: | ||
| Median List Price | $119,900 | Median Sold Price | $ 78,000 |
March 1, 2009 – February 28, 2010
| 404 listings: | 260 Sold listings: | ||
| Median List Price | $109,900 | Median Sold Price | $ 95,500 |
March 1, 2010 – February 28, 2011
| 408 listings: | 264 Sold listings: | ||
| Median List Price | $113,250 | Median Sold Price | $100,000 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in February 2011 with January 2011 & February 2010; year ending February 2010 with year ending February 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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