Is Butler, PA 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, Butler has remained a Seller's Market.
Key Takeaway
Butler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butler, PA
How much do homes in Butler, PA cost?
Median Sold Price
$218,033
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Butler have sold for 67.7% more than they did a year ago.
Summary: The median home sold price in Butler was $218,033 in March 2024, up 67.7% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.2K | $117.7K | +10.8% |
| 2 Bedrooms | $74K | $150K | +102.7% |
| 3 Bedrooms | $135K | $225K | +66.7% |
| 4 Bedrooms | $139K | $284K | +104.3% |
| 5+ Bedrooms | $147.5K | $278K | +88.5% |
Summary: Butler housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 102.7%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 104.3%, and 5+ bedroom homes increased by 88.5%.
Median Sold Price Compared To Nearby Cities
| Butler | $130K | $218K | +67.7% |
| Butler Township | $220.3K | $215K | -2.4% |
Housing Supply in Butler, PA
How many homes are available in Butler, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 125 | 147 | +17.6% |
Summary: The Butler real estate market had 147 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 25 | 27 | +8.0% |
| 3 Bedrooms | 59 | 74 | +25.4% |
| 4 Bedrooms | 34 | 39 | +14.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Butler housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butler, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Butler in March 2024, up by 7.4% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% were sold over asking.
Days on Market for Butler, PA
How long does it take to sell a home in Butler, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 73 Days | -0.7% |
Summary: Homes in Butler had an average of 73 days on market in Mar 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butler are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Butler; 34% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.