Is Lake Butler, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lake Butler has remained a Seller's Market.
Key Takeaway
Lake Butler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Butler, FL
How much do homes in Lake Butler, FL cost?
Median Sold Price
$1,200,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lake Butler have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Lake Butler was $1,200,000 in March 2024, up 12.9% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.5K | $1.5M | +274.0% |
| 2 Bedrooms | $290K | $338K | +16.6% |
| 3 Bedrooms | $538.9K | $514.5K | -4.5% |
| 4 Bedrooms | $1.1M | $1.0M | -2.2% |
| 5+ Bedrooms | $1.5M | $1.8M | +16.7% |
Summary: Lake Butler housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 274%, 2 bedroom homes increased by 16.6%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Lake Butler, FL
How many homes are available in Lake Butler, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 185 | 197 | +6.5% |
Summary: The Lake Butler real estate market had 197 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 54 | 61 | +13.0% |
| 5+ Bedrooms | 89 | 93 | +4.5% |
Summary: The Lake Butler housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 40 | +100.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Butler, you may be able to get a good deal. 85% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Lake Butler in March 2024, up by 100.0% month-over-month. Of the 40 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% were sold over asking.
Days on Market for Lake Butler, FL
How long does it take to sell a home in Lake Butler, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 47 Days | +13.8% |
Summary: Homes in Lake Butler had an average of 47 days on market in Mar 2024, up by 13.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Butler are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 40 homes were sold in Lake Butler; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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