Is Butler, 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 has remained a Seller's Market.
Key Takeaway
Butler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butler, PA
How much do homes in Butler, PA cost?
Median Sold Price
$216,440
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Butler have sold for 54.6% more than they did a year ago.
Summary: The median home sold price in Butler was $216,440 in April 2024, up 54.6% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106.2K | $117.7K | +10.8% |
| 2 Bedrooms | $79.9K | $151.8K | +90.1% |
| 3 Bedrooms | $150K | $219.9K | +46.6% |
| 4 Bedrooms | $145K | $304K | +109.7% |
| 5+ Bedrooms | $165K | $285K | +72.7% |
Summary: Butler housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 90.1%, 3 bedroom homes increased by 46.6%, 4 bedroom homes increased by 109.7%, and 5+ bedroom homes increased by 72.7%.
Median Sold Price Compared To Nearby Cities
| Butler | $140K | $216.4K | +54.6% |
| Butler Township | $221.7K | $213.2K | -3.8% |
Housing Supply in Butler, PA
How many homes are available in Butler, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 144 | 160 | +11.1% |
Summary: The Butler real estate market had 160 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 73 | 81 | +11.0% |
| 4 Bedrooms | 38 | 42 | +10.5% |
| 5+ Bedrooms | 5 | 11 | +120.0% |
Summary: The Butler 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 decreased by 7.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 120%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butler, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Butler in April 2024, up by 15.6% month-over-month. Of the 37 sold homes, 49% were sold under asking, 19% were sold at asking, and 32% were sold over asking.
Days on Market for Butler, PA
How long does it take to sell a home in Butler, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 42 Days | -20.8% |
Summary: Homes in Butler had an average of 42 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butler are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Butler; 68% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
