Butternuts, NY Foreclosures
Current Market Conditions in in Butternuts, NY As of February 2026?
Over the past month, Butternuts has seen a notable uptick in home sales, with an increase in buyer inquiries and showings, reflecting a growing interest in rural properties. With the influx of buyers, some homes have sold for above asking price due to multiple offers. This trend indicates a shifting market towards more competitive conditions, as buyers are eager to secure property in this serene environment before prices potentially rise further. Listings are moving quickly, suggesting that sellers are becoming more optimistic about the current market conditions in Butternuts.
How much do homes sell for in Butternuts, NY?
The average home price is currently $198,266.
What’s the average rental cost in Butternuts, NY?
The average rental price in Butternuts is $1,044.
What is the most expensive home in Butternuts?
The most expensive home sold in Butternuts had a price of $432,486.
What is currently the cheapest priced home in Butternuts, NY?
The cheapest home for sale in Butternuts is priced at $42,405.
Living in Butternuts, NY
Butternuts, NY is a quaint rural town in Otsego County, known for its scenic beauty and small-town atmosphere. The community offers a peaceful lifestyle with access to outdoor recreational activities and a variety of local events. Ideal for families and retirees alike, Butternuts embodies the charm of country living while still providing essential amenities nearby.
Buyer vs Seller Market in Butternuts, NY
The real estate market in Butternuts, NY is currently experiencing a steady demand for rural homes. The ongoing trend shows an increase in homebuyers seeking escape from urban areas, leading to a stronger interest in properties in Butternuts. With a limited inventory of homes, sellers are often receiving competitive offers and the days on market are decreasing, indicating a seller’s market. This trend is expected to continue as more people search for affordable housing options in picturesque locations.
Current trends highlight a growing desire for larger properties with outdoor spaces, which are appealing to both families and individuals looking for recreational opportunities. The median home price remains reasonable compared to other regions of New York, attracting a mix of buyers, from first-time homebuyers to retirees looking to downsize.
Home Value Estimator For Butternuts, NY
There are currently 56 real estate properties
in Butternuts, NY,
with a median automated valuation model (AVM) price
of $188,868.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Butternuts, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Butternuts, NY,
is $198,266.00, with the most expensive house
in Butternuts, NY, topping out
at $432,486.00 and the cheapest home
in Butternuts, NY,
clocking in at $42,405.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Butternuts, NY!
Rent Prices
In Butternuts, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Butternuts, NY, is on
a rollercoaster ride. The
average rent price in Butternuts, NY,
is $1,044.00. Indeed, when looking to rent in
Butternuts, NY, you can expect to pay as little
as $730.00 or as much
as $1,280.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Butternuts, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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