Is Butler Township, PA 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 Township has remained a Seller's Market.
Housing Prices in Butler Township, PA
How much do homes in Butler Township, PA cost?
Median Sold Price
$215,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Butler Township was $215,000 in May 2024, down 2.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $117.7K | -9.4% |
2 Bedrooms | $143K | $173.4K | +21.3% |
3 Bedrooms | $224K | $215K | -4.0% |
4 Bedrooms | $259K | $305K | +17.8% |
5+ Bedrooms | $280K | $308.4K | +10.2% |
Summary: Butler Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 21.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Cities
Butler | $220.4K | $220K | -0.2% |
Summit Township | $210K | $208K | -1.0% |
Center Township | $293.6K | $289K | -1.6% |
Butler Township | $220.1K | $215K | -2.3% |
Housing Supply in Butler Township, PA
How many homes are available in Butler Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
174 | 184 | +5.7% |
Summary: The Butler Township real estate market had 184 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 29 | -3.3% |
3 Bedrooms | 86 | 96 | +11.6% |
4 Bedrooms | 47 | 48 | +2.1% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Butler Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 48 | +23.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Butler Township in May 2024, up by 23.1% month-over-month. Of the 48 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Butler Township, PA
How long does it take to sell a home in Butler Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 41 Days | -17.9% |
Summary: Homes in Butler Township had an average of 41 days on market in May 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Butler Township; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.