Is Prospect, PA 16052 a buyer’s or seller’s market?
Prospect is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Prospect housing market right now
In the three months ending August 31, 2026, 0% of homes in Prospect, PA 16052 sold above their list price, the typical home went under contract in 59 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 75%, homes sold more slowly (44 days then) and the median sale price rose 6% to $276,380. Overall, Prospect is less competitive than a year ago, which gives buyers more room.
Within Butler County, homes here sell more slowly than in 61% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Hilliards 16040 (75% sold over asking) and Karns City 16041 (60% sold over asking) are even more competitive.
Run the numbers for 16052
Nearby markets
Boyers 16020 — /sq ftButler 16001Seller’s market $156 /sq ftButler 16002Seller’s market $188 /sq ftCabot 16023Buyer’s market $263 /sq ft Browse all markets →Towns like Prospect nearby
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Questions about Prospect real estate
Is Prospect a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Prospect, PA 16052 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Prospect?
The typical home went under contract in 59 days in the latest three months.
Do homes in Prospect sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Prospect?
About 1.01% of a home’s value a year in Butler County, or roughly $4,040 on a $400,000 home.
What is the median home price in Prospect?
The median sale price was $276,380 in the three months ending August 31, 2026, about $203 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology