$19,999
2 N 2116 Rd
Butler, OK
Land1.50 acres
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Compass Real Estate · Butler, OK
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Butler, OK(512) 555-0184TX License #0512847
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Butler, OK Housing Market
Buyer's market
Redfin, through January 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $118,000 (through May 2026). With homes going under contract in about 379 days, Butler is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $118,000 home is about $630/mo in principal and interest.
Key numbers for Butler, OK
Median sale price
$118,000
Last published period
Redfin, through January 2026
Days on market
379
Slow-moving
Redfin, through January 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
94.4%
Selling below asking
Redfin, through January 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 Butler a buyer's or seller's market?
Buyer's market379 days on market94.4% of asking
Butler, OK is a buyer's market and homes selling in about 379 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
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, OK. Redfin, through January 2026
| Metric | Value |
|---|---|
| Median sale price | $118,000 |
| Median price per sq ft | $98/sq ft |
| Median days on market | 379 days |
| Sale-to-list price ratio | 94.4% |
| Homes sold (that month) | 1 |
| Market condition | Buyer'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?
Across the 9 months we hold for Butler, OK, the median sale price rose 42.2%, from $83,000 in October 2021 to $118,000.
Redfin, through January 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 median sale price of $118,000 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% | $23,600 | $94,400 | $630/mo |
| 5% | $5,900 | $112,100 | $748/mo |
Redfin, through January 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 $630, that implies roughly $26,998 a year before you add taxes and insurance. We do not hold a Census income figure for Butler, so we cannot compare that threshold to local earnings.
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, OK, 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, OK went from 1 in May 2023 to 1 in September 2025, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| May 2023 | 1 | 1 |
| July 2023 | 1 | 1 |
| December 2023 | 1 | not published |
| August 2024 | 1 | not published |
| June 2025 | 2 | 1 |
| September 2025 | 1 | not published |
Redfin, through September 2025
How does Butler compare to Oklahoma and the U.S.?
Butler homes sell for $118,000 — 55% below the Oklahoma median of $264,600. Against the national median of $410,700, Butler runs 71% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Butler, OK | $118,000 | not published | 379 days |
| Oklahoma statewide | $264,600 | +1.9% | 39 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Butler
What buyers should watch
- The gap between 5% and 20% down here is $118 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 $118,000 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 Butler listing goes under contract in 379 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 94.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- 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
Explore homes currently listed for sale in Butler, Oklahoma across major real estate platforms.
$37,500
E 1030 Rd # 7
Butler, OK
0 ba
Land2.50 acres
View photos & details
$37,500
E 1030 Rd # 11
Butler, OK
0 ba
Land2.50 acres
View photos & details
$37,500
E 1030 Rd # 13
Butler, OK
0 ba
Land2.50 acres
View photos & details
$37,500
E 1030 Rd # 12
Butler, OK
0 ba
Land2.50 acres
View photos & details
$37,500
E 1030 Rd # 10
Butler, OK
0 ba
Land2.50 acres
View photos & details
$70,000
17 N Rural Rd
Butler, OK
Land5.00 acres
View photos & details
$110,000
1 N 2116 Rd
Butler, OK
Land11.00 acres
View photos & details
$110,000
Rural Butler
Butler, OK
0 ba
Land10.00 acres
View photos & details
$142,500
E 1030 Rd # 14
Butler, OK
0 ba
Land15.00 acres
View photos & details
$180,000
E 1030 Rd # 15
Butler, OK
0 ba
Land20.00 acres
View photos & details
$349,500
9865 N 2133 Cir
Butler, OK
3 bd2 ba1,659 sqft$211/ft²
House1.00 acres
View photos & details
Looking to buy in Butler?
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Sale-to-list:94.4%
How much do homes cost in Butler by property type?
How the Butler, OK market breaks down across single-family homes, condos and townhouses. Redfin, through January 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $118,000 | $98/sq ft | 1 | 379 days |
Who lives in Butler?
American Community Survey estimates for Butler. U.S. Census ACS, 2023
Population
169
Households
34
Median age
29.3 years
Owner-occupied
64.7%
64.7% 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.
Which cities are near Butler, OK?
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, OK is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Butler?
The median sale price in the last month Redfin published was $118,000, about $98 per square foot.
Is Butler cheaper than the rest of Oklahoma?
Butler's median sale price of $118,000 is 55% lower than the Oklahoma statewide median of $264,600, and 71% 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, OK spent a median of 379 days on market before going under contract, versus 39 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 $118,000 home is about $630 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $26,998 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Butler?
We do not hold a complete 12-month value series for Butler, OK yet, so we are not going to call a direction. The price chart above shows every period we do have.
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, OK is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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