Market Analysis for Homes Sold in Berkley MI March 2011
March 2011 median sale prices decreased 10% from February 2011 & # of homes sold increased 21%. Private owned median prices increased 07% in March 2011 from February 2011 & # of homes sold decreased 14%. Bank owned homes median price decreased 40% in March 2011 from February 2011. March 2011 median sale price decreased 23% from March 2010 & and # homes sold remained about the same in March 2011. Year ending March 2011 median sale price compared to yr ending March 2010 was exactly the same. Statistics rounded to nearest % -compiled from RealComp II data believed to be reliable.
Active & Sold March 2011
| 159 listings: | 24 Sold listings: | ||
| Average List Price | $128,117 | Average Sold Price | $ 90,866 |
| Median List Price | $119,890 | Median Sold Price | $ 81,200 |
| Highest List Price | $289,000 | Highest Sold Price | $285,500 |
| Lowest List Price | $26,900 | Lowest Sold Price | $ 33,000 |
| Avg. Days On Market | 142 | Avg. Days On Market | 81 |
| Private Owned | 135 listings | Private Owned | 12 Sold |
| Median List Price | $129,900 | Median Sold Price | $126,938 |
| Bank Owned | 24 listings | Bank Owned | 12 Sold |
| Median List Price | $ 49,400 | Median Sold Price | $ 39,500 |
Active & Sold February 2011
| 163 listings: | 19 Sold listings: | ||
| Median List Price | $119,900 | Median Sold Price | $ 90,000 |
| 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 March 2010
| 160 listings: | 25 Sold listings: | ||
| Median List Price | $119,900 | Median Sold Price | $ 106,000 |
April 1, 2009 – March 31, 2010
| 392 listings: | 257 Sold listings: | ||
| Median List Price | $110,000 | Median Sold Price | $ 96,000 |
April 1, 2010 – March 31, 2011
| 398 listings: | 263 Sold listings: | ||
| Median List Price | $111,250 | Median Sold Price | $ 96,000 |
Monthly market analysis for Berkley Michigan Real Estate compares residential homes sold in March 2011 with February 2011 & March 2010; year ending March 2010 with year ending March 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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