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AMERICAN HARD RUBBER INDUSTRY, BUTLER, MORRIS COUNTYPhoto: Jerrye & Roy Klotz, MD · CC BY-SA 3.0
Housing in Butler

87 homes sold in Butler in the last year, at a typical $537K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Butler homes are listed.

Homes sold
87
June 2025 to May 2026
Typical sale price
$537K
median, weighted by sales
Price per square foot
$337
New Jersey $339
Paid vs. asking
104.7%
66% sold over asking
For sale now
14
May 2026 · 6 sold that month
What sold · last 12 months

Houses are 83% of Butler’s sales, at a typical $543K

87 homes sold in the year to May 2026.

Houses$543K

typical sale · 72 sold in 12 months

Per square foot
$334NJ $331
Days to sell
35
Sold over asking
71%
Listings with a price cut
19%
Fewer sales

Multi-family (2–4 units): 6 sold, typical $580K
Townhouses: 2 sold, typical $556K
Condos: 7 sold, typical $422K

Too few sales in 12 months for reliable figures.

10 years of sales

Fewer homes sell than before 2022, at 1.8 times the 2016 price

87 sales in the last year, against 146 in 2021 and a low of 67 in 2023. The typical sale went from $305K in 2016 to $537K.

Homes soldTypical sale price
03775112150$300K$400K$500K$600K2016: 132 sold, typical $305K’162017: 129 sold, typical $301K2018: 127 sold, typical $320K’182019: 139 sold, typical $342K2020: 117 sold, typical $380K’202021: 146 sold, typical $384K2022: 105 sold, typical $399K’222023: 67 sold, typical $432K2024: 78 sold, typical $501K’242025: 87 sold, typical $525KLast 12 months: 87 sold, typical $537KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $550K buys in Butler

Houseat $334 a sq ft
The same money in New Jerseyat $331 a sq ft

Is this asking price fair?

Check a listing against what Butler homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

What the sales history says · 10 years of sales

Bidding wars in Butler are more common than before the pandemic, but three quarters fewer homes come up for sale

We read every month of Butler’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 87 sales.

If you’re buying in Butler

  • Shop in March. It brings about 12 new listings a month, close to the busiest month, with fewer bidding wars (34% over asking).
  • Some room to negotiate. 19% of listings cut their price, about as many as before the pandemic.
  • Expect to bid over asking. Buyers paid 104.7% of the list price on average; 66% paid over.
  • You’ll usually have time. Only 36% of homes go under contract within two weeks; the typical one takes 38 days.
Best time to buy

Fall brings the homes; summer brings the bidding wars

September has the most new listings (about 14 a month), but August is the most competitive: 52% of August sales close over asking. March offers nearly as much choice with fewer homes bid up (34%). January has the least competition (29%).

New listings a monthShare sold over asking
03.87.511.31520%40%60%Sweet spotJan: 9 new listings a month, 29% sold over asking, 98 days to sellJFeb: 11 new listings a month, 32% sold over asking, 108 days to sellFMar: 12 new listings a month, 34% sold over asking, 108 days to sellMApr: 13 new listings a month, 47% sold over asking, 106 days to sellAMay: 12 new listings a month, 38% sold over asking, 76 days to sellMJun: 14 new listings a month, 43% sold over asking, 78 days to sellJJul: 11 new listings a month, 47% sold over asking, 73 days to sellJAug: 12 new listings a month, 52% sold over asking, 89 days to sellASep: 14 new listings a month, 37% sold over asking, 84 days to sellSOct: 9 new listings a month, 31% sold over asking, 77 days to sellONov: 7 new listings a month, 46% sold over asking, 87 days to sellNDec: 5 new listings a month, 33% sold over asking, 89 days to sellD

Averages for each calendar month, 2015 on.

How competitive is it now?

Hotter than in 2021, and hotter than New Jersey

Butler now2017–192021 peakNJ now
Sold over askingShare of sales that closed above the list price66%26%55%48%
Gone within two weeksShare of homes under contract within 14 days36%5%11%31%
Listings with a price cutShare of homes for sale that cut their price19%21%7%17%
Price paid vs. askingAverage sale price ÷ list price104.7%98.4%101.9%101.2%
Days to sellMedian days from listing to contract381138145
Supply

14 homes for sale on a typical day

That’s 1.7 times the 2023 low (8), 74% fewer than in 2017–19 and well under 2016’s 69.

2016: 69 for sale’162017: 52 for sale2018: 60 for sale2019: 46 for sale’192020: 39 for sale2021: 32 for sale2022: 20 for sale’222023: 8 for sale2024: 11 for sale2025: 15 for sale’25Last 12 months: 14 for saleNow
Room to negotiate

1 in 5 listings has cut its price

19% in the last year, against 21% in 2017–19 and 17% across New Jersey.

2016: 25%’162017: 26%2018: 21%2019: 14%’192020: 10%2021: 7%2022: 13%’222023: 21%2024: 15%2025: 17%’25Last 12 months: 19%Now
Prices by type

Since 2019, houses are up 54%, condos 26%

A house typically sold for $543K in the last year (72 sales), a condo for $422K (7).

$300K$400K$500K$600K201520172019202120232025NowHouses 2015: $306K, 88 salesHouses 2016: $305K, 116 salesHouses 2017: $309K, 103 salesHouses 2018: $333K, 110 salesHouses 2019: $353K, 116 salesHouses 2020: $381K, 109 salesHouses 2021: $389K, 120 salesHouses 2022: $419K, 85 salesHouses 2023: $474K, 58 salesHouses 2024: $532K, 67 salesHouses 2025: $527K, 73 salesHouses last 12 months: $543K, 72 salesHouses $543KCondos 2015: $277K, 4 salesCondos 2016: $256K, 8 salesCondos 2017: $295K, 18 salesCondos 2018: $258K, 9 salesCondos 2019: $336K, 19 salesCondos 2021: $299K, 13 salesCondos 2022: $327K, 9 salesCondos 2023: $344K, 4 salesCondos 2024: $397K, 7 salesCondos 2025: $431K, 6 salesCondos last 12 months: $422K, 7 salesCondos $422K

Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.

Across New Jersey

Butler ranks 53rd of 299 busy New Jersey markets for bidding wars

Share of sales over asking in the last year, among towns with 60 or more sales. Butler is one of the state’s hottest markets.

Source: Redfin Data Center, city market tracker, January 2016 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.

Before you buy in Butler

Five things worth knowing

14

New listings in September

The month with the most choice. December has the fewest, about 5.

Best time to buy
B

Schools

The schools grade for Butler, from test results, graduation and how much students grow.

Schools in Butler
30 min

Typical commute

The average one-way trip to work for people who live in Butler.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Nearby markets · last 12 months

Kinnelon and Wanaque sell for less a square foot

The busier markets within 25 miles of Butler, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.

SoldTypical sale$/sq ftOver askingDays to sell
Wanaque131$501K$31657%62
Pompton Lakes104$525K$35463%60
Kinnelon91$899K$31554%48
Butler87$537K$33766%38
Riverdale85$427K$37852%47
Pompton Plains72$636K$39467%51
Bloomingdale64$557K$37764%59

Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.

Selling, or renting out?

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Questions about buying a home in Butler

What do homes sell for in Butler, NJ?

87 homes sold in the year to May 2026 at a typical $537K, $337 a square foot.

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

A seller’s market: 14 homes were for sale in May 2026 and 6 sold, about 2.3 months of supply. Buyers paid 104.7% of asking on average, and 19% of listings cut their price.

When is the best time to buy in Butler?

September brings the most new listings. The sales history shows which months have fewer bidding wars.

Where can I see homes for sale in Butler?

Zillow, Redfin, Realtor.com and Homes.com all carry Butler’s MLS listings; the search links above open each one filtered to Butler.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).