$2,968 Closing Credit*
$249,900
1,300 SqFt
3 Beds
•2 Full Baths
Listing Office: Coldwell Banker Crown Realtors
Is Wadena, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Wadena has remained a Seller's Market.
Key Takeaway
Wadena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadena, MN
How much do homes in Wadena, MN cost?
Median Sold Price
$197,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,000(+13.2%)
Key Takeaway
Homes in Wadena have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Wadena was $197,500 in November 2024, up 13.2% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $33K | N/A |
| 2 Bedrooms | $135K | $148K | +9.6% |
| 3 Bedrooms | $165K | $169K | +2.4% |
| 4 Bedrooms | $219.9K | $205K | -6.8% |
| 5+ Bedrooms | $354.5K | $281.9K | -20.5% |
Summary: Wadena 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 9.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
| Wadena | $174.5K | $197.5K | +13.2% |
| Wadena Township | $177K | $197.5K | +11.6% |
Housing Supply in Wadena, MN
How many homes are available in Wadena, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Wadena real estate market had 43 homes for sale in November 2024, a 16.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 11 | 13 | +18.2% |
| 3 Bedrooms | 14 | 19 | +35.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Wadena housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 35.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wadena, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Wadena in November 2024, up by 83.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Wadena, MN
How long does it take to sell a home in Wadena, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 111 Days | +419.1% |
Summary: Homes in Wadena had an average of 111 days on market in Nov 2024, up by 419.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wadena are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 11 homes were sold in Wadena; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
