$1,602 Closing Credit*
$134,900
912 SqFt
2 Beds
•1 Bath
Listing Office: Hinkle Realty
Is Wadena, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$194,900
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,900(+8.9%)
Key Takeaway
Homes in Wadena have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Wadena was $194,900 in December 2024, up 8.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | $80K | +142.4% |
| 2 Bedrooms | $135K | $143.9K | +6.6% |
| 3 Bedrooms | $157K | $169K | +7.6% |
| 4 Bedrooms | $190K | $205K | +7.9% |
| 5+ Bedrooms | $349K | $311.7K | -10.7% |
Summary: Wadena housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 142.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Wadena | $179K | $194.9K | +8.9% |
| Wadena Township | $179.4K | $194.9K | +8.6% |
Housing Supply in Wadena, MN
How many homes are available in Wadena, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 40 | 32 | -20.0% |
Summary: The Wadena real estate market had 32 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 18 | 16 | -11.1% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wadena housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wadena, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Wadena in December 2024, down by 27.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 66 Days | 52 Days | -21.3% |
Summary: Homes in Wadena had an average of 52 days on market in Dec 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wadena has remained consistent over time.
Summary: During December 2024, 8 homes were sold in Wadena; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
