OfferBackedBuyer Tools

Is Butler, TN 37640 a buyer’s or seller’s market?

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

Butler is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.7%Sold price ÷ list price
Median days on market58Listing to accepted offer
Median price per sq ft$304▼ −3.4% vs. last year

The Butler housing market right now

In the three months ending August 31, 2026, 0% of homes in Butler, TN 37640 sold above their list price, the typical home went under contract in 58 days and there were 9.6 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 13 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 10%, homes sold faster (79 days then) and the median sale price rose 28% to $649,719. Overall, Butler is less competitive than a year ago, which gives buyers more room.

Nearby, Mountain City 37683 (3% sold over asking) is even more competitive.

Run the numbers for 37640

Prefilled for 37640Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37640Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Laurel Bloomery 37680 — /sq ftMountain City 37683Buyer’s market $196 /sq ftShady Valley 37688Balanced $176 /sq ftTrade 37691Seller’s market $236 /sq ft Browse all markets →

Towns like Butler nearby

Find towns like Butler in other states →
Zionville, NC28698 · 13 miles away91% similarpricier homes ($45K more) · smaller Green Mountain, NC28740 · 28 miles away87% similarpricier homes ($39K more) · smaller Limestone, TN37681 · 36 miles away80% similarVery close on income, prices and more Purlear, NC28665 · 36 miles away80% similarsmaller · 8 min shorter commute

Where Butler is

Loading map…

Questions about Butler real estate

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

A buyer’s market: there were 9.6 months of supply in Butler, TN 37640 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 Butler?

The typical home went under contract in 58 days in the latest three months.

Do homes in Butler sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.

What are property taxes in Butler?

About 0.40% of a home’s value a year in Johnson County, or roughly $1,600 on a $400,000 home.

What is the median home price in Butler?

The median sale price was $649,719 in the three months ending August 31, 2026, about $304 per square foot.

Local agents

See all agents in 37640 →

No sponsored agents in 37640 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 37640

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Johnson County property taxesJohnson County loan limitsClosing costs in TennesseeHottest ZIP codes in Tennessee
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

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