56115, MN Housing Market

The median sale price of a home in 56115 was $37K last month, down 26.0% since last year. The median sale price per square foot in 56115 is $46, up 58.6% since last year.

Trends
Demand
Schools
Climate

56115 Housing Market Trends

What is the housing market like in 56115 today?

In December 2024, 56115 home prices were down 26.0% compared to last year, selling for a median price of $37K.

$37K

Sale Price

-26.0%
since last year

$46

Sale $/Sq. Ft.

+58.6%
since last year

Over List Price

12.1%

Days on Market

100

Down Payment

—

Total Homes Sold

To compare other locations to the 56115 and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Minnesota add value to a home.

View houses in 56115 that sold recently

Recently sold homes

SOLD MAR 7, 2025
$115,000 Last Sold Price
4 beds
2 baths
—sq ft
460 Mound Ave S, Balaton, MN 56115
List Price
$120,000
Sale to List
4% under list
Days on Market
79 days
460 Mound Ave S, Balaton, MN 56115
SOLD DEC 18, 2024
$56,061
—beds
—baths
—sq ft
1352 Lisa Ln, Balaton, MN 56115
List Price
—
Sale to List
—
Days on Market
—
1352 Lisa Ln, Balaton, MN 56115
SOLD DEC 6, 2024
$50,000
—beds
—baths
—sq ft
121 Summit Ave, Balaton, MN 56115
List Price
—
Sale to List
—
Days on Market
—
121 Summit Ave, Balaton, MN 56115
SOLD OCT 20, 2024
$37,000 Last Sold Price
2 beds
1 bath
—sq ft
260 Maple St N, Balaton, MN 56115
List Price
$33,000
Sale to List
12% over list
Days on Market
41 days
260 Maple St N, Balaton, MN 56115
SOLD SEP 26, 2024
$95,000 Last Sold Price
4 beds
2 baths
—sq ft
220 4th St, Balaton, MN 56115
List Price
$115,000
Sale to List
17% under list
Days on Market
73 days
220 4th St, Balaton, MN 56115

Schools in 56115

Learn about schools in the 56115 area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on 56115 housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 56115.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

55% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

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