Data as of April 2026. Source: Realtor.com.
The BALATON, MN real estate market (56115) currently shows 4 active listings, with 2 pending sales. Homes are averaging 169 days on the market before going under contract.
Inventory levels are unchanged compared to last year.
Homes are taking longer to sell, averaging 169 days on market compared to 93 days last year.
The median listing price has risen 84.8% year-over-year, from $207,000 to $382,500.
Whether you are buying or selling in BALATON, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 1,290 · Density: 4.0/mi² · Median household income: $65,455
Typical home value: $211,626 · Homeownership: 82.1%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56115 | Balaton, MN 56115 | 0.0 mi | 4 | $1,280,000 | $325,000 | $320,000 |
| 56169 | Russell, MN 56169 | 9.6 mi | 3 | $540,000 | $180,000 | $180,000 |
| 56151 | Lake Wilson, MN 56151 | 12.7 mi | 3 | $993,000 | $331,000 | $331,000 |
| 56175 | Tracy, MN 56175 | 13.3 mi | 14 | $2,680,048 | $162,200 | $191,432 |
| 56139 | Holland, MN 56139 | 15.7 mi | 2 | $514,900 | $257,450 | $257,450 |
| 56258 | Marshall, MN 56258 | 17.1 mi | 17 | $4,579,528 | $214,975 | $269,384 |
| 56239 | Ghent, MN 56239 | 20.0 mi | 1 | $99,900 | $99,900 | $99,900 |
| 56180 | Walnut Grove, MN 56180 | 21.6 mi | 6 | $827,232 | $113,750 | $137,872 |
| 56114 | Avoca, MN 56114 | 22.3 mi | 3 | $1,239,000 | $375,000 | $413,000 |
| 56141 | Iona, MN 56141 | 23.7 mi | 2 | $169,000 | $84,500 | $84,500 |
| 56164 | Pipestone, MN 56164 | 24.4 mi | 29 | $7,361,534 | $159,675 | $253,846 |
| 56128 | Edgerton, MN 56128 | 25.4 mi | 9 | $3,242,817 | $239,900 | $360,313 |
| 56183 | Westbrook, MN 56183 | 26.8 mi | 9 | $1,252,386 | $112,750 | $139,154 |
As of April 2026, there are 4 active listings in BALATON, MN (zip code 56115), compared to 4 the prior year.
The median listing price in BALATON, MN 56115 is $382,500 as of April 2026, a 84.8% increase from $207,000 the prior year.
Homes in BALATON, MN 56115 spend an average of 169 days on the market before going under contract, compared to 93 days the prior year.
Based on current inventory and days-on-market data as of April 2026, BALATON, MN 56115 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 169 days on market compared to 93 days last year.
With SELL123.com's maximum 3% commission, sellers in BALATON, MN 56115 save an estimated $7,650 compared to a typical 5% commission on the median listing price of $382,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.