Is Butte County, SD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Butte County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Butte County has remained a Seller's Market.

Key Takeaway

Butte County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Butte County, SD cost?

Median Sold Price

$245,000

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$37,000(+17.8%)

Key Takeaway

Homes in Butte County have sold for 17.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $95.6K$125K
+30.7%
2 $162.9K$169.9K
+4.3%
3 $199.4K$255K
+27.9%
4 $243K$279K
+14.8%
5+ $301K$322K
+7.0%

Median Sold Price Compared To Nearby Counties

Meade County
+26.1%
Butte County
+17.8%
Lawrence County
+8.4%

How many homes are available in Butte County, SD?

Number of Homes For Sale

Sep 2022Oct 2022%
2928-3.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 21
-50.0%
3 85
-37.5%
4 1316
+23.1%
5+ 66
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
95-44.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Butte County, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

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

About Butte County, SD

Homes for sale in Butte County, SD have reached 28. Between September 2022 and October 2022, Butte County, SD real estate market has seen decrease in the number of listings by 3.4%. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties became 30.7% more expensive, the cost of 2 bedrooms properties went up by 4.3%, prices of 3 bedrooms properties increased by 27.9%, 4 bedrooms properties became 14.8% more expensive, 5 bedrooms properties prices increased by 7%. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes decreased by 50%, volume of 3 bedrooms homes went down by 37.5%, 4 bedrooms homes became 23.1% more available, the quantity of 5 bedrooms homes have not changed. In October 2022, from all listings sold in Butte County, SD there were more than 0 sold above asking price, over 1 sold below and more than 4 were sold right at the asked price.

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