Is Dalton, MN 56324 a buyer’s or seller’s market?
Dalton is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Dalton housing market right now
In the three months ending August 31, 2026, 0% of homes in Dalton, MN 56324 sold above their list price, the typical home went under contract in 88 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (13 days then) and the median sale price rose 17% to $381,835. Overall, Dalton is less competitive than a year ago, which gives buyers more room.
Within Otter Tail County, homes here sell more slowly than in 94% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Deer Creek 56527 (50% sold over asking) and New York Mills 56567 (38% sold over asking) are even more competitive.
Run the numbers for 56324
Nearby markets
Battle Lake 56515Balanced $251 /sq ftBluffton 56518Buyer’s market $170 /sq ftClitherall 56524Seller’s market $215 /sq ftDeer Creek 56527Balanced $125 /sq ft Browse all markets →Towns like Dalton nearby
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Questions about Dalton real estate
Is Dalton a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Dalton, MN 56324 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Dalton?
The typical home went under contract in 88 days in the latest three months.
Do homes in Dalton sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.
What are property taxes in Dalton?
About 0.77% of a home’s value a year in Otter Tail County, or roughly $3,080 on a $400,000 home.
What is the median home price in Dalton?
The median sale price was $381,835 in the three months ending August 31, 2026, about $160 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology