Is Butler County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Butler County has remained a Seller's Market.
Key Takeaway
Butler County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butler County, PA
How much do homes in Butler County, PA cost?
Median Sold Price
$330,904
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Butler County have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Butler County was $330,904 in April 2024, up 7.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $195K | +11.4% |
| 2 Bedrooms | $195K | $216.5K | +11.0% |
| 3 Bedrooms | $285K | $294.9K | +3.5% |
| 4 Bedrooms | $454.1K | $478.8K | +5.5% |
| 5+ Bedrooms | $635K | $675K | +6.3% |
Summary: Butler County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Counties
| Armstrong County | $141.4K | $155K | +9.6% |
| Butler County | $308.6K | $330.9K | +7.2% |
| Allegheny County | $226.4K | $235.6K | +4.0% |
| Lawrence County | $146.3K | $146.2K | -0.1% |
Housing Supply in Butler County, PA
How many homes are available in Butler County, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 555 | 602 | +8.5% |
Summary: The Butler County real estate market had 602 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 98 | 106 | +8.2% |
| 3 Bedrooms | 235 | 250 | +6.4% |
| 4 Bedrooms | 166 | 181 | +9.0% |
| 5+ Bedrooms | 51 | 62 | +21.6% |
Summary: The Butler County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 138 | 144 | +4.3% |
Asking Price vs. Sold Price
68 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butler County, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 144 homes were sold or pending in Butler County in April 2024, up by 4.3% month-over-month. Of the 144 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 46 Days | +13.1% |
Summary: Homes in Butler County had an average of 46 days on market in Apr 2024, up by 13.1% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butler County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 144 homes were sold in Butler County; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.