Is New Berlin, IL 62670 a buyer’s or seller’s market?
New Berlin is a seller’s market. With about 1.1 months of supply and 22% 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.
The New Berlin housing market right now
In the three months ending August 31, 2026, 22% of homes in New Berlin, IL 62670 sold above their list price, the typical home went under contract in 16 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (22 days then) and the median sale price rose 23% to $267,884. Overall, New Berlin is less competitive than a year ago, which gives buyers more room.
Within Sangamon County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in 74%.
Nearby, buyers who want less competition could look at Loami 62661 (0% sold over asking) or Cantrall 62625 (0% sold over asking), while Springfield 62707 (64% sold over asking) and Rochester 62563 (56% sold over asking) are even more competitive.
Run the numbers for 62670
Nearby markets
Auburn 62615Seller’s market $129 /sq ftBuffalo 62515 $107 /sq ftCantrall 62625 $152 /sq ftChatham 62629Seller’s market $149 /sq ft Browse all markets →Towns like New Berlin nearby
Find towns like New Berlin in other states →Where New Berlin is
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Questions about New Berlin real estate
Is New Berlin a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in New Berlin, IL 62670 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 New Berlin?
The typical home went under contract in 16 days in the latest three months.
Do homes in New Berlin sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.
What are property taxes in New Berlin?
About 1.99% of a home’s value a year in Sangamon County, or roughly $7,960 on a $400,000 home.
What is the median home price in New Berlin?
The median sale price was $267,884 in the three months ending August 31, 2026, about $134 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