Is Butler Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Butler Township is a seller's market

Buyer's
Market

Difference Since February 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, OH

How much do homes in Butler Township, OH cost?

Median Sold Price

$272,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$12,000(+4.6%)

Key Takeaway

Homes in Butler Township have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Butler Township was $272,000 in February 2024, up 4.6% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $159.5K$134.5K
-15.7%
3 $232K$249.6K
+7.6%
4 $280.2K$315K
+12.4%
5+ $431.1K$389.2K
-9.7%

Summary: Butler Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Cities

Vandalia
+8.4%
Union
+5.6%
Butler Township
+4.6%
Monroe Township
+3.4%
Union City Township
-2.3%

Housing Supply in Butler Township, OH

How many homes are available in Butler Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3138+22.6%

Summary: The Butler Township real estate market had 38 homes for sale in February 2024, a 22.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 1619
+18.8%
4 1211
-8.3%
5+ 24
+100.0%

Summary: The Butler Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Butler Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Butler Township in February 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Butler Township, OH

How long does it take to sell a home in Butler Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
101 Days100 Days-0.1%

Summary: Homes in Butler Township had an average of 100 days on market in Feb 2024, down by 0.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Butler Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 8 homes were sold in Butler Township; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Butler Township, OH

Nearby Markets to Butler Township, OH

What housing markets are near Butler Township, OH?