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Is Lake Butler, FL 32054 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lake Butler is a buyer’s market. With about 6.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.1Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list96.3%Sold price ÷ list price
Median days on market75Listing to accepted offer
Median price per sq ft$192▲ +12.2% vs. last year

The Lake Butler housing market right now

In the three months ending August 31, 2026, 0% of homes in Lake Butler, FL 32054 sold above their list price, the typical home went under contract in 75 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (42 days then) and the median sale price fell 4% to $299,870. Overall, Lake Butler is less competitive than a year ago, which gives buyers more room.

Run the numbers for 32054

Prefilled for 32054Can I win this house?Multiple-offer likelihood for a listing Prefilled for 32054Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Raiford 32083Balanced $118 /sq ft Browse all markets →

Towns like Lake Butler nearby

Find towns like Lake Butler in other states →
Lawtey, FL32058 · 17 miles away88% similarsmaller Trenton, FL32693 · 38 miles away84% similar9 min shorter commute O Brien, FL32071 · 33 miles away83% similarsmaller Keystone Heights, FL32656 · 27 miles away82% similarpricier homes ($46K more)

Where Lake Butler is

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Questions about Lake Butler real estate

Is Lake Butler a buyer’s or seller’s market?

A buyer’s market: there were 6.1 months of supply in Lake Butler, FL 32054 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Lake Butler?

The typical home went under contract in 75 days in the latest three months.

Do homes in Lake Butler sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.

What are property taxes in Lake Butler?

About 0.58% of a home’s value a year in Union County, or roughly $2,320 on a $400,000 home.

What is the median home price in Lake Butler?

The median sale price was $299,870 in the three months ending August 31, 2026, about $192 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology