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BATTLE LAKE, MN 56515

Real Estate Market Report  ·  Otter Tail County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
16
⇧ 14.3% vs 14 last year
Pending
2
13% pending ratio
Median Price
$259,900
⇩ 52.1% vs $543,000 last year
Average Price
$393,683
⇩ 29.2% vs $555,876 last year
Days on Market
226
⇧ 451.2% vs 41 days last year

Market Context

Population: 2,799  ·  Density: 11.2/mi²  ·  Median household income: $72,012

Typical home value: $346,373  ·  Homeownership: 86.2%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The BATTLE LAKE, MN real estate market (56515) currently shows 16 active listings, with 2 pending sales. Homes are averaging 226 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 226 days on market compared to 41 days last year.

The median listing price has fallen 52.1% year-over-year, from $543,000 to $259,900.

Whether you are buying or selling in BATTLE LAKE, 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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 14 last year
  • Days on market: 226 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $259,900 (-52.1% YoY)
  • Average: $393,683 (-29.2% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.0 miles — 135 listings ($60,883,641 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56515Battle Lake, MN 565150.0 mi16$6,298,928$259,900$393,683
56524Clitherall, MN 565247.5 mi6$3,911,760$329,000$651,960
56576Richville, MN 5657612.2 mi7$4,396,931$484,950$628,133
56571Ottertail, MN 5657112.8 mi15$5,335,500$319,000$355,700
56309Ashby, MN 5630915.5 mi3$973,332$335,333$324,444
56537Fergus Falls, MN 5653718.3 mi37$12,351,488$330,000$333,824
56534Erhard, MN 5653418.7 mi5$2,749,250$612,450$549,850
56361Parkers Prairie, MN 5636120.1 mi6$2,565,000$339,000$427,500
56533Elizabeth, MN 5653322.4 mi1$179,000$179,000$179,000
56567New York Mills, MN 5656723.9 mi13$4,694,482$344,950$361,114
56587Vergas, MN 5658724.8 mi3$1,638,000$489,000$546,000
56453Hewitt, MN 5645326.1 mi3$569,850$189,950$189,950
56572Pelican Rapids, MN 5657228.0 mi20$15,220,120$455,000$761,006

Frequently Asked Questions

How many homes are for sale in BATTLE LAKE, MN 56515?

As of January 2026, there are 16 active listings in BATTLE LAKE, MN (zip code 56515), compared to 14 the prior year.

What is the median home price in BATTLE LAKE, MN 56515?

The median listing price in BATTLE LAKE, MN 56515 is $259,900 as of January 2026, a 52.1% decrease from $543,000 the prior year.

How long do homes stay on the market in BATTLE LAKE, MN?

Homes in BATTLE LAKE, MN 56515 spend an average of 226 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in BATTLE LAKE, MN 56515?

Based on current inventory and days-on-market data as of January 2026, BATTLE LAKE, MN 56515 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 226 days on market compared to 41 days last year.

How much can I save on real estate commission in BATTLE LAKE, MN?

With SELL123.com's maximum 3% commission, sellers in BATTLE LAKE, MN 56515 save an estimated $5,198 compared to a typical 5% commission on the median listing price of $259,900. 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.