Is Butler Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Butler Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Butler Township was a Seller's Market.

Key Takeaway

Butler Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Butler Township, PA

How much do homes in Butler Township, PA cost?

Median Sold Price

$228,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,500(+3.9%)

Key Takeaway

Homes in Butler Township have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Butler Township was $228,500 in October 2024, up 3.9% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $156K$95.2K
-38.9%
2 $151K$165.5K
+9.6%
3 $223K$229K
+2.7%
4 $273.5K$325K
+18.8%
5+ $260.5K$320.5K
+23.0%

Summary: Butler Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 23%.

Housing Supply in Butler Township, PA

How many homes are available in Butler Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
201215+7.0%

Summary: The Butler Township real estate market had 215 homes for sale in October 2024, a 7.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 1422
+57.1%
3 114117
+2.6%
4 5959
0.0%
5+ 1317
+30.8%

Summary: The Butler Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3835-7.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Butler Township, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Butler Township in October 2024, down by 7.9% month-over-month. Of the 35 sold homes, 49% were sold under asking, 26% were sold at asking, and 26% were sold over asking.

Days on Market for Butler Township, PA

How long does it take to sell a home in Butler Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days40 Days-14.4%

Summary: Homes in Butler Township had an average of 40 days on market in Oct 2024, down by 14.4% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 35 homes were sold in Butler Township; 46% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in Butler Township, PA

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