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.
Key Takeaway
Butler Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butler Township, PA
How much do homes in Butler Township, PA cost?
Median Sold Price
$222,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Butler Township have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Butler Township was $222,000 in May 2024, down 1.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $117.7K | -9.4% |
| 2 Bedrooms | $149K | $180K | +20.8% |
| 3 Bedrooms | $225K | $220K | -2.2% |
| 4 Bedrooms | $267.5K | $306K | +14.4% |
| 5+ Bedrooms | $280K | $311.7K | +11.3% |
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 20.8%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Hazle Township | $220K | $250K | +13.6% |
| Butler Township | $225K | $222K | -1.3% |
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 |
|---|---|---|
| 173 | 184 | +6.4% |
Summary: The Butler Township real estate market had 184 homes for sale in May 2024, a 6.4% 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 | 28 | 28 | 0.0% |
| 3 Bedrooms | 86 | 96 | +11.6% |
| 4 Bedrooms | 47 | 48 | +2.1% |
| 5+ Bedrooms | 12 | 12 | 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 remained the same, 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 |
|---|---|---|
| 40 | 47 | +17.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butler Township, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Butler Township in May 2024, up by 17.5% month-over-month. Of the 47 sold homes, 43% were sold under asking, 28% were sold at asking, and 30% 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 |
|---|---|---|
| 52 Days | 41 Days | -20.6% |
Summary: Homes in Butler Township had an average of 41 days on market in May 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butler Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 47 homes were sold in Butler Township; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
