$4,263 Closing Credit*
$359,000
1,196 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Weichert RE - Paulson Land Co
Is Battle Lake, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Battle Lake has remained a Seller's Market.
Key Takeaway
Battle Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Battle Lake, MN
How much do homes in Battle Lake, MN cost?
Median Sold Price
$400,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+17.6%)
Key Takeaway
Homes in Battle Lake have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Battle Lake was $400,000 in November 2024, up 17.6% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $116.7K | $162K | +38.8% |
| 2 Bedrooms | $239.9K | $239K | -0.4% |
| 3 Bedrooms | $360K | $549.9K | +52.8% |
| 4 Bedrooms | $538.5K | $587K | +9.0% |
| 5+ Bedrooms | $367.5K | $965K | +162.6% |
Summary: Battle Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 52.8%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 162.6%.
Housing Supply in Battle Lake, MN
How many homes are available in Battle Lake, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 32 | 27 | -15.6% |
Summary: The Battle Lake real estate market had 27 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Battle Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Battle Lake in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 52 Days | +166.3% |
Summary: Homes in Battle Lake had an average of 52 days on market in Nov 2024, up by 166.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Battle Lake are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Battle Lake; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
