Is Butte County, CA 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 April 2023

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.

Housing Prices in Butte County, CA

How much do homes in Butte County, CA cost?

Median Sold Price

$405,521

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$14,514(-3.5%)

Key Takeaway

Homes in Butte County have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Butte County was $405,521 in April 2024, down 3.5% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $187.5K$200K
+6.7%
2 $299K$295.6K
-1.1%
3 $420.4K$419K
-0.3%
4 $590K$542.5K
-8.1%
5+ $610K$492K
-19.3%

Summary: Butte County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 19.3%.

Median Sold Price Compared To Nearby Counties

Glenn County
+6.2%
Butte County
-3.5%

Housing Supply in Butte County, CA

How many homes are available in Butte County, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
577655+13.5%

Summary: The Butte County real estate market had 655 homes for sale in April 2024, a 13.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 88
0.0%
2 109111
+1.8%
3 311368
+18.3%
4 121144
+19.0%
5+ 2824
-14.3%

Summary: The Butte County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1311310.0%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Butte County, you may be able to get a good deal. 42.7% of homes here sold below asking price last month.

Summary: A total of 131 homes were sold or pending in Butte County in April 2024, the same as the previous month. Of the 131 sold homes, 43% were sold under asking, 19% were sold at asking, and 38% were sold over asking.

Days on Market for Butte County, CA

How long does it take to sell a home in Butte County, CA?

Average Sale Time

Apr 2023Apr 2024CHANGE
61 Days37 Days-39.3%

Summary: Homes in Butte County had an average of 37 days on market in Apr 2024, down by 39.3% compared to last year.

Breakdown of Home Sale Times

90 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 131 homes were sold in Butte County; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 15% 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 1 Day Ago

Newest Listings in Butte County, CA

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