$7,148 Closing Credit*
$601,955
2,487 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lennar Sales Corp
Is Waconia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Waconia was a Seller's Market.
Key Takeaway
Waconia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waconia, MN
How much do homes in Waconia, MN cost?
Median Sold Price
$465,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$6,094(+1.3%)
Key Takeaway
Homes in Waconia have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Waconia was $465,000 in November 2024, up 1.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $272.9K | N/A |
| 2 Bedrooms | $244K | $249.9K | +2.4% |
| 3 Bedrooms | $414.9K | $419.3K | +1.1% |
| 4 Bedrooms | $480K | $482.3K | 0.5% |
| 5+ Bedrooms | $545K | $563.9K | +3.5% |
Summary: Waconia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Laketown Township | $485K | $624.9K | +28.9% |
| Waconia Township | $449.9K | $464.9K | +3.3% |
| Waconia | $458.9K | $465K | +1.3% |
Housing Supply in Waconia, MN
How many homes are available in Waconia, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 106 | +1.0% |
Summary: The Waconia real estate market had 106 homes for sale in November 2024, a 1.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 34 | 31 | -8.8% |
| 4 Bedrooms | 33 | 37 | +12.1% |
| 5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Waconia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 14 | -41.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Waconia, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Waconia in November 2024, down by 41.7% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 28 Days | -17.2% |
Summary: Homes in Waconia had an average of 28 days on market in Nov 2024, down by 17.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waconia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Waconia; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
