Is Waseca County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Waseca County was a Buyer's Market.
Housing Prices in Waseca County, MN
How much do homes in Waseca County, MN cost?
Median Sold Price
$242,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waseca County was $242,000 in April 2024, up 15.2% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $234K | $87K | -62.8% |
2 Bedrooms | $179.3K | $171.2K | -4.5% |
3 Bedrooms | $205K | $225K | +9.8% |
4 Bedrooms | $250K | $271.2K | +8.5% |
5+ Bedrooms | $290K | $310K | +6.9% |
Summary: Waseca County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.8%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Counties
Waseca County | $210K | $242K | +15.2% |
Rice County | $308.4K | $325.2K | +5.4% |
Steele County | $260K | $265.5K | +2.1% |
Le Sueur County | $281K | $283.9K | +1.0% |
Blue Earth County | $292.5K | $292.5K | 0.0% |
Housing Supply in Waseca County, MN
How many homes are available in Waseca County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 57 | +16.3% |
Summary: The Waseca County real estate market had 57 homes for sale in April 2024, a 16.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 18 | +63.6% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 17 | 14 | -17.6% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Waseca County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 63.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Waseca County in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Waseca County, MN
How long does it take to sell a home in Waseca County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
186 Days | 33 Days | -82.2% |
Summary: Homes in Waseca County had an average of 33 days on market in Apr 2024, down by 82.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Waseca County; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.