Is Butte County, SD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Butte County was a Buyer's Market.
Housing Prices in Butte County, SD
How much do homes in Butte County, SD cost?
Median Sold Price
$322,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Butte County was $322,500 in April 2024, up 26.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | - | N/A |
2 Bedrooms | $161K | $194K | +20.5% |
3 Bedrooms | $255K | $308.4K | +21.0% |
4 Bedrooms | $268.4K | $350K | +30.4% |
5+ Bedrooms | $331K | $423K | +27.8% |
Summary: Butte County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Counties
Butte County | $255.5K | $322.5K | +26.2% |
Lawrence County | $415.5K | $450K | +8.3% |
Meade County | $360K | $390K | +8.3% |
Housing Supply in Butte County, SD
How many homes are available in Butte County, SD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 33 | +37.5% |
Summary: The Butte County real estate market had 33 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
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 40%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Butte County in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Butte County, SD
We’re sorry, we don't have information for this market at the moment