$6,174 Closing Credit*
$519,900
2,500 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is Waconia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Waconia has remained a Seller's Market.
Key Takeaway
Waconia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waconia, MN
How much do homes in Waconia, MN cost?
Median Sold Price
$463,215
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,225(+1.8%)
Key Takeaway
Homes in Waconia have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Waconia was $463,215 in October 2024, up 1.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $272.9K | N/A |
| 2 Bedrooms | $243.7K | $249.9K | +2.5% |
| 3 Bedrooms | $414.9K | $425K | +2.4% |
| 4 Bedrooms | $477.4K | $475K | -0.5% |
| 5+ Bedrooms | $536.9K | $563.9K | +5.0% |
Summary: Waconia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Laketown Township | $481K | $610.1K | +26.8% |
| Waconia Township | $443.6K | $460.9K | +3.9% |
| Waconia | $454.9K | $463.2K | +1.8% |
Housing Supply in Waconia, MN
How many homes are available in Waconia, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 99 | 114 | +15.2% |
Summary: The Waconia real estate market had 114 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 33 | 42 | +27.3% |
| 5+ Bedrooms | 24 | 25 | +4.2% |
Summary: The Waconia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waconia, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.
Summary: A total of 23 homes were sold or pending in Waconia in October 2024, up by 15.0% month-over-month. Of the 23 sold homes, 26% were sold under asking, 48% were sold at asking, and 26% were sold over asking.
Days on Market for Waconia, MN
How long does it take to sell a home in Waconia, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 21 Days | -52.6% |
Summary: Homes in Waconia had an average of 21 days on market in Oct 2024, down by 52.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waconia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Waconia; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
