Is Butler Township, 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 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
$214,333
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Butler Township have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Butler Township was $214,333 in March 2024, up 12.9% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $117.7K | -9.4% |
| 2 Bedrooms | $192.4K | $149.9K | -22.1% |
| 3 Bedrooms | $195K | $218.8K | +12.2% |
| 4 Bedrooms | $185K | $284K | +53.5% |
| 5+ Bedrooms | $192.5K | $271K | +40.8% |
Summary: Butler Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes increased by 40.8%.
Housing Supply in Butler Township, PA
How many homes are available in Butler Township, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 144 | 163 | +13.2% |
Summary: The Butler Township real estate market had 163 homes for sale in March 2024, a 13.2% 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 | 29 | 32 | +10.3% |
| 3 Bedrooms | 68 | 80 | +17.6% |
| 4 Bedrooms | 40 | 44 | +10.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Butler Township 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 10.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
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 Township, 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 Township in March 2024, down by 3.3% 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 Township, PA
How long does it take to sell a home in Butler Township, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 73 Days | -4.1% |
Summary: Homes in Butler Township had an average of 73 days on market in Mar 2024, down by 4.1% 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Butler Township; 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.
