Is Butterfield, MN 56120 a buyer’s or seller’s market?
Butterfield is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Butterfield housing market right now
In the three months ending August 31, 2026, 0% of homes in Butterfield, MN 56120 sold above their list price, the typical home went under contract in 8 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Nearby, Lewisville 56060 (33% sold over asking) and Madelia 56062 (25% sold over asking) are even more competitive.
Run the numbers for 56120
Nearby markets
Lewisville 56060 $84 /sq ftMadelia 56062Seller’s market $142 /sq ftSaint James 56081Balanced $106 /sq ft Browse all markets →Where Butterfield is
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Questions about Butterfield real estate
Is Butterfield a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Butterfield, MN 56120 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 Butterfield?
The typical home went under contract in 8 days in the latest three months.
Do homes in Butterfield sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Butterfield?
About 1.05% of a home’s value a year in Watonwan County, or roughly $4,200 on a $400,000 home.
What is the median home price in Butterfield?
The median sale price was $105,454 in the three months ending August 31, 2026, about $51 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