Is Butler Township, PA 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 August 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, PA

How much do homes in Butler Township, PA cost?

Median Sold Price

$224,900

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$100(0%)

Key Takeaway

The sold price of homes in Butler Township has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $150K$102.9K
-31.4%
2 $150K$165.5K
+10.3%
3 $226.8K$225K
-0.8%
4 $269.9K$295K
+9.3%
5+ $271K$340K
+25.5%

Summary: Butler Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.4%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 25.5%.

Housing Supply in Butler Township, PA

How many homes are available in Butler Township, PA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
207214+3.4%

Summary: The Butler Township real estate market had 214 homes for sale in August 2024, a 3.4% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 23
+50.0%
2 2014
-30.0%
3 120128
+6.7%
4 5055
+10.0%
5+ 1514
-6.7%

Summary: The Butler Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
5051+2.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

19 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. 43.1% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Butler Township in August 2024, up by 2.0% month-over-month. Of the 51 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% were sold over asking.

Days on Market for Butler Township, PA

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

Average Sale Time

Aug 2023Aug 2024CHANGE
29 Days41 Days+39.5%

Summary: Homes in Butler Township had an average of 41 days on market in Aug 2024, up by 39.5% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Butler Township are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 51 homes were sold in Butler Township; 49% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Butler Township, PA

Nearby Markets to Butler Township, PA

What housing markets are near Butler Township, PA?