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BUTLERVILLE, IN 47223

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

Market Analysis

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

The BUTLERVILLE, IN real estate market (47223) currently shows 5 active listings, with 4 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 49 days on market compared to 16 days last year.

The median listing price has risen 49.2% year-over-year, from $137,500 to $205,200.

Whether you are buying or selling in BUTLERVILLE, 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: 774  ·  Density: 6.5/mi²  ·  Median household income: $70,714

Typical home value: $0  ·  Homeownership: 93.1%

Market Overview

Active Listings
5
⇧ 400% vs 1 last year
Pending
4
80% pending ratio
Median Price
$205,200
⇧ 49.2% vs $137,500 last year
Average Price
$205,200
⇧ 49.2% vs $137,500 last year
Days on Market
49
⇧ 206.3% vs 16 days last year

Price Per Square Foot

Median $/sqft
$142
⇩ 0.7% vs $143/sqft last year
Median Home Size
1,398 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 5 this year vs 1 last year
  • Days on market: 49 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $205,200 (+49.2% YoY)
  • Average: $205,200 (+49.2% 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 24.8 miles — 215 listings ($70,387,910 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47223Butlerville, IN 472230.0 mi4$613,900$153,475$153,475
47282Vernon, IN 472828.4 mi1$374,900$374,900$374,900
47283Westport, IN 472839.7 mi8$1,778,968$214,350$222,371
47037Osgood, IN 4703711.5 mi6$1,038,000$174,500$173,000
47273Scipio, IN 4727313.7 mi2$336,900$168,450$168,450
47244Hartsville, IN 4724416.3 mi1$110,950$110,950$110,950
47250Madison, IN 4725017.7 mi74$24,240,328$284,925$327,572
47240Greensburg, IN 4724018.5 mi68$19,478,464$254,725$286,448
47270Paris Crossing, IN 4727019.6 mi1$344,900$344,900$344,900
47006Batesville, IN 4700621.7 mi25$10,817,325$377,175$432,693
47018Dillsboro, IN 4701821.8 mi5$1,746,095$328,675$349,219
47246Hope, IN 4724622.6 mi10$4,057,850$332,450$405,785
47041Sunman, IN 4704124.8 mi10$5,449,330$434,450$544,933

Frequently Asked Questions

How many homes are for sale in BUTLERVILLE, IN 47223?

As of March 2026, there are 5 active listings in BUTLERVILLE, IN (zip code 47223), compared to 1 the prior year.

What is the median home price in BUTLERVILLE, IN 47223?

The median listing price in BUTLERVILLE, IN 47223 is $205,200 as of March 2026, a 49.2% increase from $137,500 the prior year.

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

Homes in BUTLERVILLE, IN 47223 spend an average of 49 days on the market before going under contract, compared to 16 days the prior year.

Is it a seller's or buyer's market in BUTLERVILLE, IN 47223?

Based on current inventory and days-on-market data as of March 2026, BUTLERVILLE, IN 47223 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 49 days on market compared to 16 days last year.

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

With SELL123.com's maximum 3% commission, sellers in BUTLERVILLE, IN 47223 save an estimated $4,104 compared to a typical 5% commission on the median listing price of $205,200. 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.