Is Butler, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Butler was a Seller's Market.
Key Takeaway
Butler is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Butler, NJ
How much do homes in Butler, NJ cost?
Median Sold Price
$480,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Butler have sold for 18.5% more than they did a year ago.
Summary: The median home sold price in Butler was $480,000 in March 2024, up 18.5% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $243.5K | $306.2K | +25.7% |
| 2 Bedrooms | $335K | $368.7K | +10.1% |
| 3 Bedrooms | $468K | $525K | +12.2% |
| 4 Bedrooms | $539.5K | $608K | +12.7% |
| 5+ Bedrooms | $1.0M | $630K | -40.0% |
Summary: Butler housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Cities
| Butler | $405K | $480K | +18.5% |
| Riverdale | $370K | $420K | +13.5% |
| West Milford Township | $360.1K | $408.5K | +13.4% |
| Bloomingdale | $422.5K | $464.5K | +9.9% |
| Kinnelon | $735K | $710K | -3.4% |
Housing Supply in Butler, NJ
How many homes are available in Butler, NJ?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Butler real estate market had 14 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Butler housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butler, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Butler in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Butler, NJ
We’re sorry, we don't have information for this market at the moment
