Is Waite Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waite Park has remained a Seller's Market.
Housing Prices in Waite Park, MN
How much do homes in Waite Park, MN cost?
Median Sold Price
$241,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waite Park was $241,000 in May 2024, up 9.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $85K | -5.6% |
2 Bedrooms | $209K | $247K | +18.2% |
3 Bedrooms | $230K | $249K | +8.3% |
4 Bedrooms | $237K | $235K | -0.8% |
5+ Bedrooms | $215K | $212.5K | -1.2% |
Summary: Waite Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Waite Park | $219.9K | $241K | +9.6% |
Saint Cloud | $230.6K | $235K | +1.9% |
Housing Supply in Waite Park, MN
How many homes are available in Waite Park, MN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 32 | +60.0% |
Summary: The Waite Park real estate market had 32 homes for sale in May 2024, a 60.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 12 | +200.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Waite Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Waite Park in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.
Days on Market for Waite Park, MN
How long does it take to sell a home in Waite Park, MN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 56 Days | +208.2% |
Summary: Homes in Waite Park had an average of 56 days on market in May 2024, up by 208.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Waite Park; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.