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Preforeclosure Homes in Balaton, MN

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Balaton, MN Foreclosures

Current Market Conditions in in Balaton, MN As of February 2026?
In the past month, Balaton has seen a slight uptick in home sales, with an increased number of buyers beginning to explore properties in the area. This surge is likely due to the appealing lifestyle and lower cost of living when compared to larger urban centers. Homes are moving more quickly, and with the recent interest rates stabilizing, potential buyers are re-entering the market with renewed enthusiasm.
How much do homes sell for in Balaton, MN?
The average home price is currently $291,804.
In Balaton, MN, how many homes are available?
There are currently 1 active home listings available in Balaton.
What’s the average rental cost in Balaton, MN?
The average rental price in Balaton is $1,177.
What is the most expensive home in Balaton?
The most expensive home sold in Balaton had a price of $2,749,440.
What is currently the cheapest priced home in Balaton, MN?
The cheapest home for sale in Balaton is priced at $13,156.

Living in Balaton, MN

Balaton, MN, is a cozy town that embodies the essence of small-town living with its friendly community and access to outdoor activities. It features local amenities including shops and eateries, and the beautiful Lake Balaton nearby offers recreational opportunities. Residents benefit from strong local schools and a safe environment.

Buyer vs Seller Market in Balaton, MN

The real estate market in Balaton remains stable, with a healthy mix of property types available, from single-family homes to parcels of agricultural land. The affordability of homes in this region makes it attractive for first-time buyers and investors looking for rental properties.

There has been a gradual increase in home prices as demand continues to grow, particularly among families and retirees seeking a peaceful lifestyle away from city hustle. Investment opportunities abound, particularly as more people seek properties in tranquil areas with plentiful outdoor amenities.

Home Value Estimator For Balaton, MN

There are currently 534 real estate properties in Balaton, MN, with a median automated valuation model (AVM) price of $154,447.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Balaton, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Balaton, MN, is $291,804.00, with the most expensive house in Balaton, MN, topping out at $2,749,440.00 and the cheapest home in Balaton, MN, clocking in at $13,156.00. In other words, there’s something for every potential homebuyer or savvy investor in Balaton, MN!

Rent Prices In Balaton, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Balaton, MN, is on a rollercoaster ride. The average rent price in Balaton, MN, is $1,177.00. Indeed, when looking to rent in Balaton, MN, you can expect to pay as little as $570.00 or as much as $2,200.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Balaton, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Balaton, MN Preforeclosure Homes


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