$960,000
Land
Listing Office: Zielsdorf Auction & Real Estate
Is Battle Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Battle Lake was a Buyer's Market.
Key Takeaway
Battle Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Battle Lake, MN
How much do homes in Battle Lake, MN cost?
Median Sold Price
$230,000
$294/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$25,000(+12.2%)
Key Takeaway
Homes in Battle Lake have sold for 12.2% more than they did a month ago.
Summary: The median home sold price in Battle Lake was $230,000 in October 2024, up 12.2% from last month, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $162K | N/A |
| 2 Bedrooms | $205K | $230K | +12.2% |
| 3 Bedrooms | - | $149K | N/A |
| 4 Bedrooms | - | $830K | N/A |
| 5+ Bedrooms | - | $1.0M | N/A |
Summary: Battle Lake 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 increased by 12.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Everts Township | $390K | $830K | +112.8% |
| Battle Lake | $205K | $230K | +12.2% |
Housing Supply in Battle Lake, MN
How many homes are available in Battle Lake, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Battle Lake real estate market had 33 homes for sale in October 2024, a 26.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 4 | 11 | +175.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Battle Lake 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 decreased by 16.7%, 3 bedroom homes increased by 175%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Battle Lake, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Battle Lake in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Battle Lake, MN
How long does it take to sell a home in Battle Lake, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 43 Days | -16.5% |
Summary: Homes in Battle Lake had an average of 43 days on market in Oct 2024, down by 16.5% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Battle Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Battle Lake; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
