$165,000
B2 N Springer Cir L10
Butte, AK
Land3.20 acres
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Compass Real Estate · Butte, AK
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Butte, AK(512) 555-0184TX License #0512847
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Butte, AK Housing Market
Seller's market+6.1% YoY
Redfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $490,000, +6.1% year over year (through May 2026). With 1.7 months of supply and homes going under contract in about 23 days, Butte is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $490,000 home is about $2,616/mo in principal and interest.
Key numbers for Butte, AK
Median sale price
$490,000
+6.1% year over year
Redfin, through May 2026
Days on market
23
Average pace
Redfin, through May 2026
Active listings
10
1.7 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$105,625
Home costs 4.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.8%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Butte a buyer's or seller's market?
Seller's market1.7 months of supply23 days on market99.8% of asking
Butte, AK is a seller's market, based on 1.7 months of supply and homes selling in about 23 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Butte housing market data show?
Every row below is Redfin's final published month for Butte, AK. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $490,000 |
| Median list price | $625,000 |
| Year-over-year price change | +6.1% |
| Median price per sq ft | $258/sq ft |
| Median days on market | 23 days |
| Active inventory | 10 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.8% |
| Homes sold (that month) | 6 |
| New listings (that month) | 9 |
| Listings with a price cut | 10.0% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Butte is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Butte is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Butte home prices moved?
Over the last three years the median sale price in Butte, AK rose 4.4%, from $469,500 to $490,000. 10.0% of Butte listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.7 months while the sale-to-list ratio slips below its current 99.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Butte?
Priced off the median sale price of $490,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $98,000 | $392,000 | $2,616/mo |
| 5% | $24,500 | $465,500 | $3,106/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,616, that implies roughly $112,110 a year before you add taxes and insurance. The median household in Butte earns $105,625, about $6,485 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 4.6x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Butte in the next 12 months?
Tell us your timeline. We send the Butte market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Butte?
Zillow does not publish a rent index (ZORI) for Butte, AK, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Butte?
Active listings in Butte, AK went from 17 in May 2025 to 10 in May 2026, a -41.2% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 17 | 6 |
| July 2025 | 12 | 5 |
| August 2025 | 11 | 2 |
| September 2025 | 8 | not published |
| October 2025 | 10 | 4 |
| November 2025 | 3 | not published |
| December 2025 | 2 | 3 |
| January 2026 | 4 | 3 |
| February 2026 | 5 | 4 |
| March 2026 | 9 | 7 |
| April 2026 | 7 | 5 |
| May 2026 | 10 | 9 |
Redfin, through May 2026
How does Butte compare to Alaska and the U.S.?
Butte homes sell for $490,000 — 15% above the Alaska median of $427,100. Against the national median of $410,700, Butte runs 19% higher. Year-over-year, Butte moved +6.1% against Alaska's +4.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Butte, AK | $490,000 | +6.1% | 23 days |
| Alaska statewide | $427,100 | +4.2% | 22 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Butte
What buyers should watch
- Months of supply, currently 1.7. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 10.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $490 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $490,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Butte listing goes under contract in 23 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Butte added 9 new listings against 6 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Butte varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Butte
There are currently 10 homes listed for sale in Butte, Alaska. The median listing price is $625K. Featured listings range from $165,000 to $869,900.
$375,000
5250 S Old Glenn Hwy
Butte, AK
2 bd2 ba992 sqft$378/ft²
House3.30 acres
View photos & details
$395,000
4053 S Aurora View Cir
Butte, AK
3 bd2 ba1,257 sqft$314/ft²
House40,075 sqft lot
View photos & details
$400,000
3805 S Juanita Way
Butte, AK
3 bd2 ba2,186 sqft$183/ft²
House38,768 sqft lot
View photos & details
$435,000
17755 E Idle Dr
Butte, AK
3 bd2 ba1,568 sqft$277/ft²
House2.14 acres
View photos & details
$440,000
15270 E Peaceful Ln
Butte, AK
Land4.00 acres
View photos & details
$475,000
265 N Tatlow Dr
Butte, AK
3 bd3 ba2,184 sqft$217/ft²
House40,075 sqft lot
View photos & details
$529,000
16500 E Marilyn Dr
Butte, AK
1 bd2 ba3,752 sqft$141/ft²
Condo1.24 acres
View photos & details
$586,500
6003 S Gates St
Butte, AK
3 bd2 ba1,756 sqft$334/ft²
House40,946 sqft lot
View photos & details
$599,500
5313 S Sisters St
Butte, AK
3 bd2 ba2,211 sqft$271/ft²
House41,382 sqft lot
View photos & details
$610,000
5809 S Gates St
Butte, AK
4 bd3 ba1,902 sqft$321/ft²
House40,946 sqft lot
View photos & details
$869,900
15148 E Washington Blvd
Butte, AK
5 bd4 ba2,981 sqft$292/ft²
House40,075 sqft lot
View photos & details
Looking to buy in Butte?
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Active listings
10
Homes on market
Median list price
$625K
Avg. days on market
23
Days until sale
New this week
9
Newly listed
Price drops:10.0%of listings
Sale-to-list:99.8%
How much do homes cost in Butte by property type?
How the Butte, AK market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $490,000 | $258/sq ft | 6 | 23 days |
Who lives in Butte?
American Community Survey estimates for Butte. U.S. Census ACS, 2023
Population
3,905
Households
1,342
Median income
$105,625/yr
Median age
40.1 years
Owner-occupied
80.8%
Median home value
$320,100
Median gross rent
$1,412/mo
Mean commute
33.8 min
80.8% of occupied homes in Butte are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Butte, AK?
Ordered by distance from Butte, not by size. Compare Butte side by side with any of them.
Butte housing market FAQ
Is Butte a buyer's or seller's market?
Butte, AK is currently a seller's market. That read comes from 1.7 months of supply, homes going under contract in about 23 days, and sellers getting 99.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Butte?
The median sale price in the last month Redfin published was $490,000, about $258 per square foot.
Is Butte cheaper than the rest of Alaska?
Butte's median sale price of $490,000 is 15% higher than the Alaska statewide median of $427,100, and 19% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Butte?
Homes in Butte, AK spent a median of 23 days on market before going under contract, versus 22 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Butte?
At the current 30-year fixed rate of 7.03%, 20% down on a $490,000 home is about $2,616 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $112,110 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $105,625.
Are home prices rising in Butte?
Redfin's last published year-over-year change for Butte, AK was +6.1%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Butte?
Butte ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Butte?
That depends on your timeline, not on a headline. What the data says today: Butte, AK is a seller's market with 1.7 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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