Is Wabasha County, 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, Wabasha County has remained a Seller's Market.
Key Takeaway
Wabasha County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wabasha County, MN
How much do homes in Wabasha County, MN cost?
Median Sold Price
$285,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wabasha County have sold for 4% more than they did a year ago.
Summary: The median home sold price in Wabasha County was $285,000 in May 2024, up 4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242K | $255.5K | +5.6% |
| 2 Bedrooms | $257.5K | $268.9K | +4.4% |
| 3 Bedrooms | $257.5K | $262.4K | +1.9% |
| 4 Bedrooms | $350.4K | $313.5K | -10.5% |
| 5+ Bedrooms | $405K | $312.5K | -22.8% |
Summary: Wabasha County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 22.8%.
Median Sold Price Compared To Nearby Counties
| Buffalo County | $185K | $230K | +24.3% |
| Wabasha County | $274K | $285K | +4.0% |
| Olmsted County | $312.6K | $320K | +2.3% |
| Goodhue County | $285K | $291.4K | +2.3% |
| Pepin County | $225K | $225K | 0.0% |
Housing Supply in Wabasha County, MN
How many homes are available in Wabasha County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 91 | +18.2% |
Summary: The Wabasha County real estate market had 91 homes for sale in May 2024, a 18.2% 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 | 12 | 19 | +58.3% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Wabasha County 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 58.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 18 | -21.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wabasha County, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Wabasha County in May 2024, down by 21.7% month-over-month. Of the 18 sold homes, 39% were sold under asking, 33% were sold at asking, and 28% were sold over asking.
Days on Market for Wabasha County, MN
How long does it take to sell a home in Wabasha County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 61 Days | 47 Days | -23.4% |
Summary: Homes in Wabasha County had an average of 47 days on market in May 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wabasha County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Wabasha County; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
