$389,000
Land
Listing Office: Edina Realty, Inc.
Is Wadena County, 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 County has remained a Seller's Market.
Key Takeaway
Wadena County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadena County, MN
How much do homes in Wadena County, MN cost?
Median Sold Price
$200,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+8.1%)
Key Takeaway
Homes in Wadena County have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Wadena County was $200,000 in November 2024, up 8.1% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $83.5K | -6.7% |
| 2 Bedrooms | $179K | $161.5K | -9.8% |
| 3 Bedrooms | $176.5K | $207.5K | +17.6% |
| 4 Bedrooms | $249.9K | $206K | -17.6% |
| 5+ Bedrooms | $354.5K | $270K | -23.8% |
Summary: Wadena County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 23.8%.
Median Sold Price Compared To Nearby Counties
| Wadena County | $185K | $200K | +8.1% |
| Otter Tail County | $267.9K | $279.8K | +4.5% |
| Hubbard County | $297.6K | $306.5K | +3.0% |
| Todd County | $199.9K | $202.7K | +1.4% |
| Cass County | $325K | $325.6K | 0.2% |
Housing Supply in Wadena County, MN
How many homes are available in Wadena County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 103 | -3.7% |
Summary: The Wadena County real estate market had 103 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 41 | 45 | +9.8% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Wadena County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wadena County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Wadena County in November 2024, up by 4.8% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Wadena County, MN
How long does it take to sell a home in Wadena County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 94 Days | +81.2% |
Summary: Homes in Wadena County had an average of 94 days on market in Nov 2024, up by 81.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wadena County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 22 homes were sold in Wadena County; 36% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.
