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BUTLER, IN 46721

Real Estate Market Report  ·  DeKalb County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
12
⇧ 20% vs 10 last year
Pending
2
17% pending ratio
Median Price
$167,500
⇩ 43.4% vs $296,150 last year
Average Price
$227,160
⇩ 18.8% vs $279,761 last year
Days on Market
26
⇩ 77% vs 113 days last year

Market Context

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

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

Market Analysis

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

The BUTLER, IN real estate market (46721) currently shows 12 active listings, with 2 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 26 days on market compared to 113 days last year.

The median listing price has fallen 43.4% year-over-year, from $296,150 to $167,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 10 last year
  • Days on market: 26 now vs 113 last year

Median & Average Pricing

Year over Year
  • Median: $167,500 (-43.4% YoY)
  • Average: $227,160 (-18.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 19.4 miles — 219 listings ($95,708,785 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
46721Butler, IN 467210.0 mi12$2,725,920$167,500$227,160
43517Edgerton, OH 435177.6 mi6$1,857,750$262,000$309,625
46742Hamilton, IN 467428.7 mi7$2,805,320$425,000$400,760
43526Hicksville, OH 4352610.7 mi10$2,155,000$255,000$215,500
46705Ashley, IN 4670511.6 mi2$399,800$199,900$199,900
46779Pleasant Lake, IN 4677913.1 mi3$1,097,925$261,950$365,975
43536Mark Center, OH 4353614.6 mi2$329,800$164,900$164,900
46741Grabill, IN 4674115.2 mi7$1,922,900$279,950$274,700
46765Leo, IN 4676515.7 mi30$18,795,960$469,950$626,532
46747Hudson, IN 4674717.3 mi4$7,325,200$459,000$1,831,300
43543Montpelier, OH 4354317.7 mi22$4,835,270$177,900$219,785
45813Antwerp, OH 4581317.9 mi8$2,916,936$416,950$364,617
46845Fort Wayne, IN 4684519.4 mi106$48,541,004$388,750$457,934

Frequently Asked Questions

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

As of January 2026, there are 12 active listings in BUTLER, IN (zip code 46721), compared to 10 the prior year.

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

The median listing price in BUTLER, IN 46721 is $167,500 as of January 2026, a 43.4% decrease from $296,150 the prior year.

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

Homes in BUTLER, IN 46721 spend an average of 26 days on the market before going under contract, compared to 113 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 January 2026, BUTLER, IN 46721 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 26 days on market compared to 113 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 $3,350 compared to a typical 5% commission on the median listing price of $167,500. 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.