Foreclosures in Berkley, MI 48072

Buyer vs Seller Market in Berkley, MI

The real estate market in Berkley is currently robust, with a noticeable increase in demand for homes. Buyers are drawn to the family-friendly atmosphere and strong school ratings, which has kept home prices climbing steadily over the past year.

As of late 2023, the median home prices in Berkley have risen approximately 12% from last year, driven by low inventory and increased buyer interest. The combination of urban convenience and suburban charm makes this area highly desirable.

Rent Prices In Berkley, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Berkley, MI, is on a rollercoaster ride. The average rent price in Berkley, MI, is $1,430.00. Indeed, when looking to rent in Berkley, MI, you can expect to pay as little as $850.00 or as much as $2,100.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Berkley, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.