Is Butler Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Butler Township has remained a Seller's Market.
Housing Prices in Butler Township, PA
How much do homes in Butler Township, PA cost?
Median Sold Price
$216,440
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Butler Township was $216,440 in May 2024, down 1.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $117.7K | -9.4% |
2 Bedrooms | $146.5K | $173.4K | +18.4% |
3 Bedrooms | $222.7K | $215K | -3.5% |
4 Bedrooms | $255K | $306K | +20.0% |
5+ Bedrooms | $280K | $297.6K | +6.3% |
Summary: Butler Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 18.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Cities
Ashland | $67.5K | $102K | +51.1% |
Butler Township | $220K | $216.4K | -1.6% |
Housing Supply in Butler Township, PA
How many homes are available in Butler Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
186 | 203 | +9.1% |
Summary: The Butler Township real estate market had 203 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 31 | 0.0% |
3 Bedrooms | 91 | 102 | +12.1% |
4 Bedrooms | 53 | 59 | +11.3% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Butler Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 50 | +22.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Butler Township in May 2024, up by 22.0% month-over-month. Of the 50 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Butler Township, PA
How long does it take to sell a home in Butler Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 43 Days | -16.4% |
Summary: Homes in Butler Township had an average of 43 days on market in May 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Butler Township; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.