Is Butte County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Butte County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Butte County has remained a Seller's Market.

Key Takeaway

Butte County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Butte County, CA

How much do homes in Butte County, CA cost?

Median Sold Price

$420,676

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,199(+4.8%)

Key Takeaway

Homes in Butte County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Butte County was $420,676 in November 2024, up 4.8% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $193.5K$203.9K
+5.4%
2 $294.5K$301K
+2.2%
3 $411.5K$429.1K
+4.3%
4 $552.1K$565K
+2.3%
5+ $638K$599K
-6.1%

Summary: Butte County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Counties

Butte County
+4.8%
Glenn County
-2.9%

Housing Supply in Butte County, CA

How many homes are available in Butte County, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
742689-7.1%

Summary: The Butte County real estate market had 689 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1110
-9.1%
2 124119
-4.0%
3 435407
-6.4%
4 128110
-14.1%
5+ 4443
-2.3%

Summary: The Butte County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 2.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
144125-13.2%

Asking Price vs. Sold Price

62 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Butte County, you may be able to get a good deal. 49.6% of homes here sold below asking price last month.

Summary: A total of 125 homes were sold or pending in Butte County in November 2024, down by 13.2% month-over-month. Of the 125 sold homes, 50% were sold under asking, 21% were sold at asking, and 30% were sold over asking.

Days on Market for Butte County, CA

How long does it take to sell a home in Butte County, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days46 Days+25.7%

Summary: Homes in Butte County had an average of 46 days on market in Nov 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Butte County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 125 homes were sold in Butte County; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Butte County, CA

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