Lake Butler, FL housing market

The median sale price in Lake Butler, FL was $1.21M in May 2026, down 3.6% year over year, measured across homes that actually closed that month (Redfin). The three months through May 2026 averaged $1.17M, firming from $1.1M across the three months before that. That puts prices 16.0% below the strongest three-month stretch on record here, which ended in Oct 2024 at $1.4M. Zillow's home value index, which models the entire housing stock rather than only the homes that changed hands, reads $286K for Jun 2026, up 2.8% year over year.

Buyers had 111 homes to choose from in May 2026, down 14.0% year over year (Redfin). At the current sales pace that standing inventory works out to 2.9 months of supply; convention treats four to six months as a balanced market, which puts Lake Butler, FL on the sellers' side of that line. 50 homes came to market in May 2026, up 21.9% year over year, against 38 closings, up 52.0% year over year. Homes that sold in May 2026 took a median of 37 days to go under contract, 22 days faster than this market's usual May pace.

Competition is measurable in the closings themselves: 11% settled above asking, and the average sale landed at 95% of its final list price. 35% of listings carried a price cut in May 2026.

This page tracks 10 monthly housing series for Lake Butler, FL — median sale price, ZHVI home value, inventory (active), median days on market, months of supply, homes sold, and more — sourced from Redfin, Zillow ZHVI, running from Aug 2016 through Jun 2026. Chart any of them below, switch between levels and year-over-year change, or add nearby Florida markets to compare side by side.