Question 1

What is the median sold price in Picture Butte?

Accepted Answer

The median sold price in Picture Butte is $379,500 based on 76 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Picture Butte?

Accepted Answer

The average sold price in Picture Butte is $382,342. Note that the average ($382,342) is higher than the median ($379,500), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Picture Butte?

Accepted Answer

Home prices in Picture Butte range from $50,000 to $915,000 based on recent sales data. This $865,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Picture Butte selling above or below asking price?

Accepted Answer

On average, homes in Picture Butte are selling at 97.1% of their asking price. This means there is some room for negotiation, with homes selling slightly below asking. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Picture Butte?

Accepted Answer

Homes in Picture Butte are selling in an average of 77 days. This indicates a buyer's market with more negotiating power for purchasers. Buyers can take their time and carefully evaluate options before making an offer.

Question 6

What is the price per square foot in Picture Butte?

Accepted Answer

The average price per square foot in Picture Butte is $311. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $622,000.

Question 7

How active is the real estate market in Picture Butte?

Accepted Answer

The Picture Butte market has seen 76 home sales over the past 2 years, with 20 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How many new listings are coming to market in Picture Butte?

Accepted Answer

There have been 6 new listings in Picture Butte during April 2026. Monitoring new inventory helps buyers catch fresh opportunities and helps sellers understand their competition.

Question 9

What types of properties are selling in Picture Butte?

Accepted Answer

The most common property types selling in Picture Butte are: detached single family (70 sold, avg $400,347), half duplex (3 sold, avg $247,967), vacant lot (3 sold, avg $96,600). Each property type has different price points and characteristics to consider when buying or selling.

Question 10

How much do detached homes cost in Picture Butte?

Accepted Answer

Detached homes in Picture Butte are selling for an average of $400,347, with 70 sales over the past 2 years.

Question 11

Are home prices rising or falling in Picture Butte?

Accepted Answer

Home prices in Picture Butte have decreased by 21.4% over the past 2 years. The average sold price moved from $400,000 to $314,286. This downward trend may present buying opportunities for purchasers.

Question 12

Is Picture Butte a buyer's or seller's market?

Accepted Answer

Based on current data, Picture Butte is a buyer's market. Homes are selling in 77 days on average and at 97.1% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 13

What percentage of homes sell above asking price in Picture Butte?

Accepted Answer

In Picture Butte, 14% of homes sold above asking price, while 78% sold below asking. Most homes sell at or below their listed price, giving buyers room to negotiate.

Question 14

What are the average property taxes in Picture Butte?

Accepted Answer

The average annual property tax in Picture Butte is $2,696, with a median of $2,867. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 15

What size homes are selling in Picture Butte?

Accepted Answer

Homes selling in Picture Butte range from 660 to 2,523 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 16

How much do home prices vary in Picture Butte?

Accepted Answer

Picture Butte shows relatively consistent pricing with a standard deviation of $146,884 around the average price of $382,342. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 17

Where can I find recently sold homes in Picture Butte?

Accepted Answer

You can view a comprehensive list of houses sold in Picture Butte right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 18

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 19

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Picture Butte.

Recently Sold Homes in Picture Butte

Picture Butte Sold Data Overview

Recently Sold in Picture Butte

Understanding the Picture Butte Market

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2-Year Market Trends: All Property Types

Negotiation & Cost Insights

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