Is Wayzata, 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, Wayzata was a Seller's Market.
Housing Prices in Wayzata, MN
How much do homes in Wayzata, MN cost?
Median Sold Price
$954,962
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wayzata was $954,962 in April 2024, up 3.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.5K | $242.2K | -4.8% |
2 Bedrooms | $570K | $495K | -13.2% |
3 Bedrooms | $666.6K | $797.5K | +19.6% |
4 Bedrooms | $878.1K | $1.1M | +28.1% |
5+ Bedrooms | $1.4M | $1.7M | +27.1% |
Summary: Wayzata housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Cities
Minnetonka | $440K | $468.7K | +6.5% |
Plymouth | $469.9K | $494K | +5.1% |
Shorewood | $701.5K | $729.6K | +4.0% |
Wayzata | $920K | $954.9K | +3.8% |
Orono | $1.1M | $900K | -19.1% |
Housing Supply in Wayzata, MN
How many homes are available in Wayzata, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 135 | +27.4% |
Summary: The Wayzata real estate market had 135 homes for sale in April 2024, a 27.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 22 | 30 | +36.4% |
4 Bedrooms | 28 | 35 | +25.0% |
5+ Bedrooms | 38 | 51 | +34.2% |
Summary: The Wayzata housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 34.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Wayzata in April 2024, up by 21.4% month-over-month. Of the 17 sold homes, 53% were sold under asking, 18% were sold at asking, and 29% were sold over asking.
Days on Market for Wayzata, MN
How long does it take to sell a home in Wayzata, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 42 Days | -36.4% |
Summary: Homes in Wayzata had an average of 42 days on market in Apr 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Wayzata; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.