Is Butler, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Butler has remained a Seller's Market.
Housing Prices in Butler, TN
How much do homes in Butler, TN cost?
Median Sold Price
$405,000
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Butler was $405,000 in May 2024, up 15.7% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $258K | $212K | -17.8% |
2 Bedrooms | $283K | $417.5K | +47.5% |
3 Bedrooms | $350K | $510K | +45.7% |
4 Bedrooms | $955K | $392.5K | -58.9% |
5+ Bedrooms | $720K | $1.4M | +94.4% |
Summary: Butler housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.8%, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 45.7%, 4 bedroom homes decreased by 58.9%, and 5+ bedroom homes increased by 94.4%.
Median Sold Price Compared To Nearby Cities
Butler | $350K | $405K | +15.7% |
Beech Mountain Township | $249.5K | $277.2K | +11.1% |
Hampton | $168K | $181K | +7.7% |
Housing Supply in Butler, TN
How many homes are available in Butler, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 28 | +21.7% |
Summary: The Butler real estate market had 28 homes for sale in May 2024, a 21.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 7 | 13 | +85.7% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Butler housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 85.7%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Butler in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Butler, TN
How long does it take to sell a home in Butler, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
112 Days | 155 Days | +38.9% |
Summary: Homes in Butler had an average of 155 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Butler; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.