Is Butler, TN 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, Butler was a Seller's Market.
Housing Prices in Butler, TN
How much do homes in Butler, TN cost?
Median Sold Price
$415,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Butler was $415,000 in April 2024, up 18.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $147K | -56.8% |
2 Bedrooms | $283K | $405K | +43.1% |
3 Bedrooms | $344.9K | $510K | +47.8% |
4 Bedrooms | $955K | $360K | -62.3% |
5+ Bedrooms | $500K | $1.4M | +180.0% |
Summary: Butler housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.8%, 2 bedroom homes increased by 43.1%, 3 bedroom homes increased by 47.8%, 4 bedroom homes decreased by 62.3%, and 5+ bedroom homes increased by 180%.
Median Sold Price Compared To Nearby Cities
Butler | $350K | $415K | +18.6% |
Hampton | $182.5K | $166.5K | -8.8% |
Housing Supply in Butler, TN
How many homes are available in Butler, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Summary: The Butler real estate market had 24 homes for sale in April 2024, a 4.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Butler in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Butler, TN
How long does it take to sell a home in Butler, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
181 Days | 113 Days | -37.5% |
Summary: Homes in Butler had an average of 113 days on market in Apr 2024, down by 37.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Butler; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.