$14,000
Main St W
Butler, IN
Land8,712 sqft lot
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Sarah Mitchell
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Compass Real Estate · Butler, IN
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Butler, IN(512) 555-0184TX License #0512847
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Butler, IN Housing Market
Seller's market+7.3% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Butler, IN is worth $210,235, rose 7.3% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $163,900, -18.5% year over year (through May 2026). With 1.0 months of supply and homes going under contract in about 67 days, Butler is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $210,235 home is about $1,122/mo in principal and interest.
Key numbers for Butler, IN
Typical home value
$210,235
+7.3% in 12 months
Zillow, August 2026
Median sale price
$163,900
-18.5% year over year
Redfin, through May 2026
Days on market
67
Slow-moving
Redfin, through May 2026
Active listings
3
1.0 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
$50,179
Home costs 4.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.4%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and 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 Butler a buyer's or seller's market?
Seller's market1.0 months of supply67 days on market97.4% of asking
Butler, IN is a seller's market, based on 1.0 months of supply and homes selling in about 67 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 Butler housing market data show?
Every row below is Redfin's final published month for Butler, IN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $163,900 |
| Median list price | $289,900 |
| Year-over-year price change | -18.5% |
| Median price per sq ft | $124/sq ft |
| Median days on market | 67 days |
| Active inventory | 3 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 97.4% |
| Homes sold (that month) | 3 |
| New listings (that month) | 3 |
| 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 Butler is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Butler 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 Butler home prices moved?
Over the last three years the median sale price in Butler, IN rose 40.1%, from $117,000 to $163,900. The live Zillow value series has rose 7.3% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 97.4%. 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 Butler?
Priced off the typical home value of $210,235 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% | $42,047 | $168,188 | $1,122/mo |
| 5% | $10,512 | $199,723 | $1,333/mo |
Zillow, August 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 $1,122, that implies roughly $48,101 a year before you add taxes and insurance. The median household in Butler earns $50,179, about $2,078 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.2x — 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 Butler in the next 12 months?
Tell us your timeline. We send the Butler 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 Butler?
Zillow does not publish a rent index (ZORI) for Butler, IN, 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 Butler?
Active listings in Butler, IN went from 2 in April 2025 to 3 in May 2026, a +50.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| May 2025 | 3 | 4 |
| June 2025 | 7 | 9 |
| July 2025 | 7 | 4 |
| August 2025 | 11 | 7 |
| September 2025 | 8 | not published |
| October 2025 | 6 | 2 |
| November 2025 | 5 | 4 |
| December 2025 | 5 | 3 |
| February 2026 | 9 | 3 |
| March 2026 | 2 | 1 |
| April 2026 | 2 | 4 |
| May 2026 | 3 | 3 |
Redfin, through May 2026
How does Butler compare to Indiana and the U.S.?
Butler homes sell for $163,900 — 43% below the Indiana median of $287,300. Against the national median of $410,700, Butler runs 60% lower. Year-over-year, Butler moved -18.5% against Indiana's +4.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Butler, IN | $163,900 | -18.5% | 67 days |
| Indiana statewide | $287,300 | +4.2% | 26 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 Butler
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $210 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 $210,235 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 Butler listing goes under contract in 67 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 97.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Butler added 3 new listings against 3 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +7.3% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Butler varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Butler
There are currently 3 homes listed for sale in Butler, Indiana. The median listing price is $290K. Featured listings range from $14,000 to $649,999.
$64,500
109 N Canal St
Butler, IN
3 bd1 ba2,170 sqft$30/ft²
House8,712 sqft lot
View photos & details
$100,000
116 E Willow St
Butler, IN
3 bd1 ba1,424 sqft$70/ft²
House7,841 sqft lot
View photos & details
$129,000
504 Erie St
Butler, IN
3 bd2 ba1,796 sqft$72/ft²
House4.26 acres
View photos & details
$138,000
331 Walnut St
Butler, IN
2 bd1 ba840 sqft$164/ft²
House8,712 sqft lot
View photos & details
$150,000
321 N Broadway St
Butler, IN
3 bd2 ba1,440 sqft$104/ft²
House7,405 sqft lot
View photos & details
$163,500
312 N Park Ln
Butler, IN
4 bd2 ba1,296 sqft$126/ft²
House8,364 sqft lot
View photos & details
$163,900
336 W Oak St
Butler, IN
3 bd1 ba1,131 sqft$145/ft²
House8,712 sqft lot
View photos & details
$189,900
212 E Main St
Butler, IN
4 bd2 ba1,800 sqft$106/ft²
House8,712 sqft lot
View photos & details
$226,000
County Road 57
Butler, IN
0 ba
Land18.00 acres
View photos & details
$275,000
209 E Washington St
Butler, IN
5 bd5 ba2,666 sqft$103/ft²
House23,087 sqft lot
View photos & details
$649,999
7071 State Road 8
Butler, IN
2 bd3 ba2,400 sqft$271/ft²
House27.65 acres
View photos & details
Looking to buy in Butler?
Get connected with a local real estate expert — free, no obligation.
Active listings
3
Homes on market
Median list price
$290K
Avg. days on market
67
Days until sale
New this week
3
Newly listed
Sale-to-list:97.4%
How much do homes cost in Butler by property type?
How the Butler, IN 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 | $163,900 | $124/sq ft | 3 | 67 days |
Who lives in Butler?
American Community Survey estimates for Butler. U.S. Census ACS, 2023
Population
2,632
Households
962
Median income
$50,179/yr
Median age
34.9 years
Owner-occupied
73.2%
Median home value
$100,700
Median gross rent
$763/mo
Mean commute
20 min
73.2% of occupied homes in Butler 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. The Census self-reported median home value is $100,700 against Zillow's $210,235 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Butler?
2 schools tracked · 925 students
The largest public schools serving Butler, IN 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.
Eastside Junior-Senior High School
Grades 7-12 · 564 students
Butler Elementary School
Grades K-6 · 361 students
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 Butler, IN?
Ordered by distance from Butler, not by size. Compare Butler side by side with any of them.
Butler housing market FAQ
Is Butler a buyer's or seller's market?
Butler, IN is currently a seller's market. That read comes from 1.0 months of supply, homes going under contract in about 67 days, and sellers getting 97.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Butler?
The typical home in Butler, IN is worth $210,235 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $163,900, about $124 per square foot.
Is Butler cheaper than the rest of Indiana?
Butler's median sale price of $163,900 is 43% lower than the Indiana statewide median of $287,300, and 60% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Butler?
Homes in Butler, IN spent a median of 67 days on market before going under contract, versus 26 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Butler?
At the current 30-year fixed rate of 7.03%, 20% down on a $210,235 home is about $1,122 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $48,101 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $50,179.
Are home prices rising in Butler?
The typical home value in Butler, IN rose 7.3% over the last 12 months, from $195,849 to $210,235 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Butler?
Butler 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 Butler?
That depends on your timeline, not on a headline. What the data says today: Butler, IN is a seller's market with 1.0 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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