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BUTLER, IN 46721

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The BUTLER, IN real estate market (46721) currently shows 12 active listings, with 8 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 68 days on market compared to 47 days last year.

The median listing price has fallen 31.8% year-over-year, from $223,900 to $152,725.

Whether you are buying or selling in BUTLER, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,856  ·  Density: 23.9/mi²  ·  Median household income: $68,684

Typical home value: $121,938  ·  Homeownership: 81.1%

Market Overview

Active Listings
12
⇧ 33.3% vs 9 last year
Pending
8
67% pending ratio
Median Price
$152,725
⇩ 31.8% vs $223,900 last year
Average Price
$239,966
⇩ 3.1% vs $247,591 last year
Days on Market
68
⇧ 44.7% vs 47 days last year

Price Per Square Foot

Median $/sqft
$112
⇩ 20% vs $140/sqft last year
Median Home Size
1,796 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 9 last year
  • Days on market: 68 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $152,725 (-31.8% YoY)
  • Average: $239,966 (-3.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.4 miles — 213 listings ($89,250,322 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46721Butler, IN 467210.0 mi16$3,546,832$161,750$221,677
43517Edgerton, OH 435177.6 mi6$2,088,000$318,300$348,000
46742Hamilton, IN 467428.7 mi9$4,862,628$414,750$540,292
43526Hicksville, OH 4352610.7 mi9$1,232,847$125,425$136,983
46705Ashley, IN 4670511.6 mi2$342,000$171,000$171,000
43518Edon, OH 4351813.1 mi4$900,832$210,725$225,208
46743Harlan, IN 4674314.5 mi4$1,352,400$349,900$338,100
46741Grabill, IN 4674115.2 mi7$2,362,969$337,975$337,567
46765Leo, IN 4676515.7 mi28$15,078,056$467,425$538,502
46747Hudson, IN 4674717.3 mi4$6,939,868$225,000$1,734,967
43543Montpelier, OH 4354317.7 mi23$4,352,060$163,700$189,220
45813Antwerp, OH 4581317.9 mi8$2,717,864$344,675$339,733
46845Fort Wayne, IN 4684519.4 mi93$43,473,966$418,650$467,462

Frequently Asked Questions

How many homes are for sale in BUTLER, IN 46721?

As of March 2026, there are 12 active listings in BUTLER, IN (zip code 46721), compared to 9 the prior year.

What is the median home price in BUTLER, IN 46721?

The median listing price in BUTLER, IN 46721 is $152,725 as of March 2026, a 31.8% decrease from $223,900 the prior year.

How long do homes stay on the market in BUTLER, IN?

Homes in BUTLER, IN 46721 spend an average of 68 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in BUTLER, IN 46721?

Based on current inventory and days-on-market data as of March 2026, BUTLER, IN 46721 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 47 days last year.

How much can I save on real estate commission in BUTLER, IN?

With SELL123.com's maximum 3% commission, sellers in BUTLER, IN 46721 save an estimated $3,055 compared to a typical 5% commission on the median listing price of $152,725. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.