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.
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
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
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
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.