Is Baxter, MN 56425 a buyer’s or seller’s market?

The Baxter housing market right now

In the three months ending August 31, 2026, 29% of homes in Baxter, MN 56425 sold above their list price, the typical home went under contract in 33 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 54 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold faster (36 days then) and the median sale price rose 5% to $377,337. Overall, Baxter is more competitive than a year ago, so tougher for buyers.

Within Crow Wing County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 64%. On our competition score, Baxter ranks #209 of 296 MN ZIP codes with enough sales (score 59 out of 100).

Nearby, buyers who want less competition could look at Garrison 56450 (8% sold over asking) or Crosslake 56442 (15% sold over asking), while Fifty Lakes 56448 (57% sold over asking) and Ironton 56455 (45% sold over asking) are even more competitive.