$4,156 Closing Credit*
$350,000
1,920 SqFt
2 Beds
•1 Full Bath
Listing Office: Keller Williams Preferred Realty
Is Balaton, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Balaton has remained a Seller's Market.
Key Takeaway
Balaton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Balaton, MN
How much do homes in Balaton, MN cost?
Median Sold Price
$37,000
$46/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$58,000(-61.1%)
Key Takeaway
Homes in Balaton have sold for 61.1% less than they did a month ago.
Summary: The median home sold price in Balaton was $37,000 in October 2024, down 61.1% from last month, and the median price per square foot was $46.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $37K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $95K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Balaton housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Balaton, MN
How many homes are available in Balaton, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Summary: The Balaton real estate market had 2 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Balaton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Balaton, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Balaton in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Balaton, MN
How long does it take to sell a home in Balaton, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 15 Days | -60.5% |
Summary: Homes in Balaton had an average of 15 days on market in Oct 2024, down by 60.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Balaton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Balaton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
