Is Butler County, 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 County has remained a Seller's Market.
Housing Prices in Butler County, PA
How much do homes in Butler County, PA cost?
Median Sold Price
$331,367
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Butler County was $331,367 in March 2024, up 7.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $193.5K | +10.6% |
2 Bedrooms | $195.3K | $214K | +9.6% |
3 Bedrooms | $284.9K | $296.3K | +4.0% |
4 Bedrooms | $452.9K | $479.9K | +6.0% |
5+ Bedrooms | $638K | $665.5K | +4.3% |
Summary: Butler County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Counties
Armstrong County | $140.9K | $155K | +10.0% |
Butler County | $308.8K | $331.3K | +7.3% |
Allegheny County | $227.3K | $234.9K | +3.4% |
Lawrence County | $140.4K | $144.8K | +3.1% |
Housing Supply in Butler County, PA
How many homes are available in Butler County, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
495 | 570 | +15.2% |
Summary: The Butler County real estate market had 570 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 87 | 97 | +11.5% |
3 Bedrooms | 214 | 246 | +15.0% |
4 Bedrooms | 144 | 169 | +17.4% |
5+ Bedrooms | 43 | 52 | +20.9% |
Summary: The Butler County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 20.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 134 | +54.0% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Butler County in March 2024, up by 54.0% month-over-month. Of the 134 sold homes, 54% were sold under asking, 19% were sold at asking, and 27% were sold over asking.
Days on Market for Butler County, PA
How long does it take to sell a home in Butler County, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 57 Days | -4.5% |
Summary: Homes in Butler County had an average of 57 days on market in Mar 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During March 2024, 134 homes were sold in Butler County; 43% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.