Explore Berkeley Lake, GA - Market Insights, Demographics, Crime, Trends & Hotspots

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Median Price
$565,000

Market Insights

Berkeley Lake's real estate market is experiencing a price correction, with values down 60.4% from last year. Home prices have decreased 18.6% in the past month. With 2.0 months of supply, Berkeley Lake's inventory levels remain relatively tight. Homes are now taking an average of 59 days to sell, significantly longer than the 18 days typical for this market. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Berkeley Lake market with the affordability index at 1297.4. Based on current market indicators, home prices in Berkeley Lake are projected to increase by approximately 6.1% over the next month.

Demographics market for - Berkeley Lake, GA

Total Population -

2,292

White Population

84.90%

Black Population

3.05%

Mexican52.46% (1.40% of total population)
Puerto Rican6.56% (0.17% of total population)
Cuban19.67% (0.52% of total population)
Dominican0%
Salvadoran0%
Costa Rican0%
Gautemalan0%
Honduran0%
Nicaraguan0%
Panamanian0%
Argentinean3.28% (0.09% of total population)
Bolivian0%
Chilean0%
Colombian0%
Ecuadorian0%
Peruvian18.03% (0.48% of total population)
Uruguyan0%
Venezuelan0%

Indian 50.82% (1.35% of total population)
Bangladeshi 0%
Chinese 104.92% (2.79% of total population)
Bhutanese 0%
Burmese 0%
Filipino 0%
Hmong 0%
Indonesian 0%
Japanese 9.84% (0.26% of total population)
Korean 126.23% (3.36% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0%
Srilankan 0%
Taiwanese 16.39% (0.44% of total population)
Pakistani 0%
Srilankan 0%
Taiwanese 16.39% (0.44% of total population)
Thai 0%
Vietnamese 27.87% (0.74% of total population)

Hawaiian0%
Samoan0%
Chamorro0%
Fijian0%
Marshallese0%

Crime for - Berkeley Lake, GA

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Real Estate Market Prediction for - Berkeley Lake, GA

City Hotspots
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