$109,900
4.10 Acres
Land
JENNIFER S WHITEHEAD, Listing Office: ENGEL & VOLKERS GAINESVILLE
Is Lake Butler, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Lake Butler has remained a Seller's Market.
Key Takeaway
Lake Butler is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Butler, FL
How much do homes in Lake Butler, FL cost?
Median Sold Price
$300,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,100(+20.0%)
Key Takeaway
Homes in Lake Butler have sold for 20% more than they did a year ago.
Summary: The median home sold price in Lake Butler was $300,000 in October 2024, up 20% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $249.9K | $171.2K | -31.5% |
| 3 Bedrooms | $245K | $300K | +22.4% |
| 4 Bedrooms | $309.5K | $321.2K | +3.8% |
| 5+ Bedrooms | - | $519.9K | N/A |
Summary: Lake Butler housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.5%, 3 bedroom homes increased by 22.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Housing Supply in Lake Butler, FL
How many homes are available in Lake Butler, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Lake Butler real estate market had 16 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lake Butler housing inventory by bedroom type for October 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Butler, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lake Butler in October 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lake Butler, FL
How long does it take to sell a home in Lake Butler, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 80 Days | +126.8% |
Summary: Homes in Lake Butler had an average of 80 days on market in Oct 2024, up by 126.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lake Butler has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Lake Butler; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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