$995,000
23851 Schultz Rd NE
Butteville, OR
3 bd3 ba3,385 sqft$294/ft²
House2.04 acres
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Butteville, OR Housing Market
Strong seller's market
Redfin, through April 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The last median sale price Redfin published was $1.21M (through May 2026). With 1.0 months of supply and homes going under contract in about 13 days, Butteville is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.21M home is about $6,448/mo in principal and interest.
Key numbers for Butteville, OR
Median sale price
$1.21M
Last published period
Redfin, through April 2026
Days on market
13
Fast-moving
Redfin, through April 2026
Active listings
1
1.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$117,857
Home costs 10.2x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.6%
Selling below asking
Redfin, through April 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 Butteville a buyer's or seller's market?
Strong seller's market1.0 months of supply13 days on market96.6% of asking
Butteville, OR is a strong seller's market, based on 1.0 months of supply and homes selling in about 13 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 Butteville housing market data show?
Every row below is Redfin's final published month for Butteville, OR. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $1.21M |
| Median list price | $1.62M |
| Median price per sq ft | $271/sq ft |
| Median days on market | 13 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 96.6% |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 100.0% |
| Market condition | Strong 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 Butteville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Butteville 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 Butteville home prices moved?
Across the 20 months we hold for Butteville, OR, the median sale price fell 3.4%, from $1.25M in July 2021 to $1.21M. 100.0% of Butteville listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. 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 96.6%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Butteville?
Priced off the median sale price of $1.21M 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% | $241,575 | $966,301 | $6,448/mo |
| 5% | $60,394 | $1.15M | $7,657/mo |
Redfin, through April 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 $6,448, that implies roughly $276,356 a year before you add taxes and insurance. The median household in Butteville earns $117,857, about $158,499 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 10.2x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Butteville in the next 12 months?
Tell us your timeline. We send the Butteville 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 Butteville?
Zillow does not publish a rent index (ZORI) for Butteville, OR, 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 Butteville?
Active listings in Butteville, OR went from 2 in February 2022 to 1 in April 2026, a -50.0% 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 |
|---|---|---|
| March 2022 | 2 | 1 |
| May 2022 | 3 | 2 |
| June 2022 | 3 | not published |
| July 2022 | 1 | not published |
| August 2022 | 1 | not published |
| February 2023 | 1 | 1 |
| June 2025 | 3 | 1 |
| August 2025 | 4 | 1 |
| October 2025 | 3 | not published |
| January 2026 | 1 | not published |
| February 2026 | 2 | 1 |
| April 2026 | 1 | 2 |
Redfin, through April 2026
How does Butteville compare to Oregon and the U.S.?
Butteville homes sell for $1.21M — 130% above the Oregon median of $525,500. Against the national median of $410,700, Butteville runs 194% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Butteville, OR | $1.21M | not published | 13 days |
| Oregon statewide | $525,500 | -0.0% | 28 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Butteville
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 share of listings cutting price, currently 100.0%. 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 $1,209 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 $1.21M 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 Butteville listing goes under contract in 13 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 96.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Butteville added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Butteville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Butteville
There are currently 1 homes listed for sale in Butteville, Oregon. The median listing price is $1.6M. Featured listings range from $995,000 to $1,250,000.
$1,250,000
23708 1st St NE
Butteville, OR
4 bd3 ba4,452 sqft$281/ft²
House25,265 sqft lot
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Active listings
1
Homes on market
Median list price
$1.6M
Avg. days on market
13
Days until sale
New this week
2
Newly listed
Price drops:100.0%of listings
Sale-to-list:96.6%
How much do homes cost in Butteville by property type?
How the Butteville, OR market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.21M | $271/sq ft | 1 | 13 days |
Who lives in Butteville?
American Community Survey estimates for Butteville. U.S. Census ACS, 2023
Population
244
Households
106
Median income
$117,857/yr
Median age
59.3 years
Owner-occupied
94.3%
Median home value
$1.00M
Mean commute
20.9 min
94.3% of occupied homes in Butteville 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 Butteville, OR?
Ordered by distance from Butteville, not by size. Compare Butteville side by side with any of them.
Butteville housing market FAQ
Is Butteville a buyer's or seller's market?
Butteville, OR is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 13 days, and sellers getting 96.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Butteville?
The median sale price in the last month Redfin published was $1.21M, about $271 per square foot.
Is Butteville cheaper than the rest of Oregon?
Butteville's median sale price of $1.21M is 130% higher than the Oregon statewide median of $525,500, and 194% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Butteville?
Homes in Butteville, OR spent a median of 13 days on market before going under contract, versus 28 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Butteville?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.21M home is about $6,448 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $276,356 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $117,857.
Are home prices rising in Butteville?
We do not hold a complete 12-month value series for Butteville, OR 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 Butteville?
Butteville 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 Butteville?
That depends on your timeline, not on a headline. What the data says today: Butteville, OR is a strong 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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