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 seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Butler Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Butler Township, PA

How much do homes in Butler Township, PA cost?

Median Sold Price

$231,190

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,240(+5.1%)

Key Takeaway

Homes in Butler Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Butler Township was $231,190 in November 2024, up 5.1% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $156K$95.2K
-38.9%
2 $151.5K$166K
+9.6%
3 $220K$233.5K
+6.1%
4 $279K$330K
+18.3%
5+ $278K$320.5K
+15.3%

Summary: Butler Township housing prices by bedroom type for November 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 6.1%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 15.3%.

Housing Supply in Butler Township, PA

How many homes are available in Butler Township, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
206210+1.9%

Summary: The Butler Township real estate market had 210 homes for sale in November 2024, a 1.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1918
-5.3%
3 113115
+1.8%
4 5965
+10.2%
5+ 1512
-20.0%

Summary: The Butler Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
39390.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 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. 51.3% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Butler Township in November 2024, the same as the previous month. Of the 39 sold homes, 51% were sold under asking, 18% were sold at asking, and 31% 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

Nov 2023Nov 2024CHANGE
40 Days45 Days+10.5%

Summary: Homes in Butler Township had an average of 45 days on market in Nov 2024, up by 10.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

9 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 November 2024, 39 homes were sold in Butler Township; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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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What housing markets are near Butler Township, PA?