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BATTLE LAKE, MN 56515

Real Estate Market Report  ·  Otter Tail County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The BATTLE LAKE, MN real estate market (56515) currently shows 38 active listings, with 5 pending sales. Homes are averaging 112 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 112 days on market compared to 101 days last year.

The median listing price has fallen 4.3% year-over-year, from $580,000 to $555,000.

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Market Context

Market Context

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

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

Market Overview

Active Listings
38
⇩ 11.6% vs 43 last year
Pending
5
13% pending ratio
Median Price
$555,000
⇩ 4.3% vs $580,000 last year
Average Price
$579,583
⇧ 10.4% vs $524,947 last year
Days on Market
112
⇧ 10.9% vs 101 days last year

Price Per Square Foot

Median $/sqft
$312
⇧ 2.3% vs $305/sqft last year
Median Home Size
1,794 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 43 last year
  • Days on market: 112 now vs 101 last year

Median & Average Pricing

Year over Year
  • Median: $555,000 (-4.3% YoY)
  • Average: $579,583 (+10.4% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.0 miles — 124 listings ($55,957,286 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56515Battle Lake, MN 565150.0 mi7$3,349,920$349,999$478,560
56524Clitherall, MN 565247.5 mi6$3,574,020$285,425$595,670
56576Richville, MN 5657612.2 mi6$3,994,560$529,900$665,760
56571Ottertail, MN 5657112.8 mi15$5,498,250$353,500$366,550
56309Ashby, MN 5630915.5 mi4$1,296,952$319,000$324,238
56537Fergus Falls, MN 5653718.3 mi37$12,756,231$336,250$344,763
56534Erhard, MN 5653418.7 mi4$1,905,732$549,900$476,433
56361Parkers Prairie, MN 5636120.1 mi8$3,173,336$270,375$396,667
56533Elizabeth, MN 5653322.4 mi1$179,000$179,000$179,000
56567New York Mills, MN 5656723.9 mi11$3,199,207$264,900$290,837
56587Vergas, MN 5658724.8 mi3$1,608,900$489,000$536,300
56453Hewitt, MN 5645326.1 mi3$719,700$239,900$239,900
56572Pelican Rapids, MN 5657228.0 mi19$14,701,478$427,500$773,762

Frequently Asked Questions

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

As of September 2026, there are 38 active listings in BATTLE LAKE, MN (zip code 56515), compared to 43 the prior year.

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

The median listing price in BATTLE LAKE, MN 56515 is $555,000 as of September 2026, a 4.3% decrease from $580,000 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 112 days on the market before going under contract, compared to 101 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 September 2026, BATTLE LAKE, MN 56515 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 112 days on market compared to 101 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 $11,100 compared to a typical 5% commission on the median listing price of $555,000. 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.