Is Butternuts, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Butternuts has remained a Seller's Market.
Key Takeaway
Butternuts is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butternuts, NY
How much do homes in Butternuts, NY cost?
Median Sold Price
$295,500
$181/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Butternuts have sold for 9.2% more than they did a month ago.
Summary: The median home sold price in Butternuts was $295,500 in April 2024, up 9.2% from last month, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $322K | - | N/A |
| 3 Bedrooms | - | $246K | N/A |
| 4 Bedrooms | $219K | $345K | +57.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Butternuts housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 57.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Guilford | $127.8K | $315K | +146.4% |
| Gilbertsville | $270.5K | $345K | +27.5% |
| Butternuts | $270.5K | $295.5K | +9.2% |
Housing Supply in Butternuts, NY
How many homes are available in Butternuts, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Butternuts real estate market had 9 homes for sale in April 2024, a 18.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Butternuts housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butternuts, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Butternuts in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Butternuts, NY
How long does it take to sell a home in Butternuts, NY?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 66 Days | +37.5% |
Summary: Homes in Butternuts had an average of 66 days on market in Apr 2024, up by 37.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Butternuts are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Butternuts; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
