Is Butternut, WI 54514 a buyer’s or seller’s market?
Butternut is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Butternut housing market right now
In the three months ending August 31, 2026, 0% of homes in Butternut, WI 54514 sold above their list price, the typical home went under contract in 53 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (70 days then) and the median sale price fell 14% to $270,833. Overall, Butternut is more competitive than a year ago, so tougher for buyers.
Within Ashland County, homes here sell faster than in 50% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Marengo 54855 (100% sold over asking) and High Bridge 54846 (50% sold over asking) are even more competitive.
Run the numbers for 54514
Nearby markets
Ashland 54806Seller’s market $112 /sq ftGlidden 54527Seller’s market $135 /sq ftHigh Bridge 54846 $188 /sq ftLa Pointe 54850Buyer’s market $373 /sq ft Browse all markets →Towns like Butternut nearby
Find towns like Butternut in other states →Where Butternut is
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Questions about Butternut real estate
Is Butternut a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Butternut, WI 54514 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 Butternut?
The typical home went under contract in 53 days in the latest three months.
Do homes in Butternut sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Butternut?
About 1.42% of a home’s value a year in Ashland County, or roughly $5,680 on a $400,000 home.
What is the median home price in Butternut?
The median sale price was $270,833 in the three months ending August 31, 2026, about $216 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