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Is Baudette, MN 56623 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Baudette is a buyer’s market. With about 8.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.8%Sold price ÷ list price
Median days on market46Listing to accepted offer
Median price per sq ft$160▲ +5.8% vs. last year

The Baudette housing market right now

In the three months ending August 31, 2026, 0% of homes in Baudette, MN 56623 sold above their list price, the typical home went under contract in 46 days and there were 8.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 12 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (57 days then) and the median sale price held steady to $247,393. Overall, Baudette is less competitive than a year ago, which gives buyers more room.

Nearby, Angle Inlet 56711 (50% sold over asking) and Williams 56686 (33% sold over asking) are even more competitive.

Run the numbers for 56623

Prefilled for 56623Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56623Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Angle Inlet 56711Buyer’s market $388 /sq ftRoosevelt 56673Seller’s market $105 /sq ftWilliams 56686Buyer’s market $246 /sq ft Browse all markets →

Towns like Baudette nearby

Find towns like Baudette in other states →
Warroad, MN56763 · 37 miles away66% similarcheaper homes ($41K less) · larger

Where Baudette is

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Questions about Baudette real estate

Is Baudette a buyer’s or seller’s market?

A buyer’s market: there were 8.8 months of supply in Baudette, MN 56623 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 Baudette?

The typical home went under contract in 46 days in the latest three months.

Do homes in Baudette sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.8% of the list price.

What are property taxes in Baudette?

About 0.66% of a home’s value a year in Lake of the Woods County, or roughly $2,640 on a $400,000 home.

What is the median home price in Baudette?

The median sale price was $247,393 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