Is Berlin, WI 54923 a buyer’s or seller’s market?
Berlin is a seller’s market. With about 2.4 months of supply and 37% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 68% of U.S. ZIP codes, and #170 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Berlin housing market right now
In the three months ending August 31, 2026, 37% of homes in Berlin, WI 54923 sold above their list price, the typical home went under contract in 48 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 42 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold faster (52 days then) and the median sale price rose 1% to $259,888. Overall, Berlin is less competitive than a year ago, which gives buyers more room.
Within Waushara County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Berlin ranks #170 of 319 WI ZIP codes with enough sales (score 65 out of 100).
Nearby, buyers who want less competition could look at Poy Sippi 54967 (0% sold over asking) or Pine River 54965 (0% sold over asking), while Fremont 54940 (59% sold over asking) and Redgranite 54970 (53% sold over asking) are even more competitive.
Run the numbers for 54923
Nearby markets
Coloma 54930Seller’s market $215 /sq ftFremont 54940Balanced $208 /sq ftHancock 54943Seller’s market $250 /sq ftPine River 54965Seller’s market $170 /sq ft Browse all markets →Towns like Berlin nearby
Find towns like Berlin in other states →Where Berlin is
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Questions about Berlin real estate
Is Berlin a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Berlin, WI 54923 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Berlin?
The typical home went under contract in 48 days in the latest three months.
Do homes in Berlin sell over asking?
37% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Berlin?
About 1.21% of a home’s value a year in Waushara County, or roughly $4,840 on a $400,000 home.
What is the median home price in Berlin?
The median sale price was $259,888 in the three months ending August 31, 2026, about $161 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology