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Featured local agent — Lake Butler, FL
Sarah Mitchell
Compass Real Estate · Lake Butler, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Butler, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.21Mmedian sale price
How is the Lake Butler, FL housing market right now?
The median home sale price in Lake Butler, FL is $1.21M, down 3.6% year-over-year. Homes sell in an average of 37 days with 111 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Butler a buyer's or seller's market?
Lake Butler, FL is currently a balanced market, based on 2.9 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
38
Last 12 weeks
Days on market
37
Average pace
Active listings
111
2.9 months supply
Sale-to-list
95.2%
Below asking
What does the Lake Butler housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.21M |
| Median list price | $1.74M |
| Year-over-year price change | -3.6% |
| Average days on market | 37 days |
| Active inventory | 111 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 95.2% |
| Median price per sq ft | $331/sq ft |
| Homes sold (latest month) | 38 |
| New listings (latest month) | 50 |
| Listings with a price cut | 35.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Butler by property type?
How the Lake Butler, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.31M | $358/sq ft | 33 | 37 days |
| Condo / Co-op | $315,000 | $227/sq ft | 4 | 50 days |
| Townhouse | $465,000 | $245/sq ft | 1 | 30 days |
Source: Redfin · Updated monthly
The Lake Butler housing market is currently classified as a balanced market with a median sale price of $1.21M. Prices have fallen 3.6% compared to last year, with homes spending an average of 37 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Lake Butler
There are currently 111 homes listed for sale in Lake Butler, Florida. The median listing price is $1.7M.
Active listings
111
Homes on market
Median list price
$1.7M
Avg. days on market
37
Days until sale
New this week
50
Newly listed
Who lives in Lake Butler?
Population
1,842
Median income
$43,134/yr
Median age
31.1 years
Owner-occupied
38.0%
College grads
13.5%
Avg commute
23.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Butler?
Zillow home value
$283,624
Price-to-income
6.6x
Source: Zillow Research
What is it like to live in Lake Butler?
Lake Butler is a community of approximately 2K residents with a median age of 31.1 years.The median household income is $43,134, which represents a working-class community with solid middle-income opportunities. 13.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 38.0%, showing a blend of owner and renter-occupied properties. The average commute time is 23.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Lake Butler offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Butler?
6 schools tracked · 2,370 students
The largest public schools serving Lake Butler, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
LAKE BUTLER ELEMENTARY SCHOOL
Grades PK-4 · 1,028 students
LAKE BUTLER MIDDLE SCHOOL
Grades 5-8 · 727 students
UNION COUNTY HIGH SCHOOL
Grades 9-12 · 615 students
UNION COUNTY VIRTUAL INSTRUCTION PROGRAM
Grades K-12
UNION VIRTUAL FRANCHISE
Grades 6-12
UNION VIRTUAL INSTRUCTION PROGRAM (DISTRICT PROVIDED)
Grades K-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Butler, FL?
Want a head-to-head view? Compare Lake Butler side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Butler?
The median home sale price in Lake Butler is $1.21M, down 3.6% from last year.
How long do homes stay on market in Lake Butler?
Homes typically spend 37 days on market before going under contract.
What is the median income in Lake Butler?
The median household income is $43,134 per year.
Is Lake Butler a buyer's or seller's market?
With 2.9 months of supply, Lake Butler is currently a balanced market.
What is the Zillow home value estimate for Lake Butler?
The Zillow Home Value Index (ZHVI) for Lake Butler is $283,624, representing the typical home value in the area.
What is the median condo price in Lake Butler?
The median condo/co-op sale price in Lake Butler, FL is $315,000, compared to $1.31M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Butler?
The median single-family home price in Lake Butler, FL is $1.31M (about $358 per square foot).
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