Is Butler County, 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 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
$333,272
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Butler County was $333,272 in May 2024, up 4.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $195K | +11.4% |
2 Bedrooms | $199K | $220K | +10.6% |
3 Bedrooms | $290.2K | $295.5K | +1.8% |
4 Bedrooms | $467.9K | $469.8K | 0.4% |
5+ Bedrooms | $597.5K | $681.2K | +14.0% |
Summary: Butler County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Counties
Clarion County | $139.9K | $163.2K | +16.7% |
Armstrong County | $145K | $155K | +6.9% |
Allegheny County | $226.8K | $236.9K | +4.5% |
Butler County | $319.9K | $333.2K | +4.2% |
Lawrence County | $144.6K | $149.9K | +3.7% |
Housing Supply in Butler County, PA
How many homes are available in Butler County, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
625 | 655 | +4.8% |
Summary: The Butler County real estate market had 655 homes for sale in May 2024, a 4.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 106 | 89 | -16.0% |
3 Bedrooms | 261 | 290 | +11.1% |
4 Bedrooms | 196 | 205 | +4.6% |
5+ Bedrooms | 59 | 67 | +13.6% |
Summary: The Butler County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 144 | -6.5% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 144 homes were sold or pending in Butler County in May 2024, down by 6.5% month-over-month. Of the 144 sold homes, 42% were sold under asking, 19% were sold at asking, and 38% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 46 Days | +15.8% |
Summary: Homes in Butler County had an average of 46 days on market in May 2024, up by 15.8% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During May 2024, 144 homes were sold in Butler County; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.