Is Butner, NC 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, Butner has remained a Seller's Market.
Key Takeaway
Butner is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butner, NC
How much do homes in Butner, NC cost?
Median Sold Price
$315,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Butner have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Butner was $315,000 in May 2024, up 6.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $219K | $234K | +6.8% |
| 3 Bedrooms | $275K | $309.4K | +12.5% |
| 4 Bedrooms | $366K | $385K | +5.2% |
| 5+ Bedrooms | $385K | $460K | +19.5% |
Summary: Butner housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Butner | $295K | $315K | +6.8% |
| Dutchville Township | $304K | $310K | +2.0% |
| Creedmoor | $347.4K | $335K | -3.6% |
Housing Supply in Butner, NC
How many homes are available in Butner, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Butner real estate market had 11 homes for sale in May 2024, a 8.3% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Butner 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 11.1%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butner, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Butner in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Butner, NC
How long does it take to sell a home in Butner, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 46 Days | 3 Days | -92.5% |
Summary: Homes in Butner had an average of 3 days on market in May 2024, down by 92.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butner are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Butner; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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