$1,532 Closing Credit*
$129,000
648 SqFt
2 Beds
•1 Full Bath
Listing Office: Jack Chivers Realty
Is Wadena County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wadena County was a Seller's Market.
Key Takeaway
Wadena County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wadena County, MN
How much do homes in Wadena County, MN cost?
Median Sold Price
$197,600
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,600(+6.8%)
Key Takeaway
Homes in Wadena County have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Wadena County was $197,600 in October 2024, up 6.8% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.5K | $83.5K | -6.7% |
| 2 Bedrooms | $160K | $161.5K | +0.9% |
| 3 Bedrooms | $180.5K | $197K | +9.1% |
| 4 Bedrooms | $252.4K | $218.2K | -13.5% |
| 5+ Bedrooms | $360K | $275.9K | -23.3% |
Summary: Wadena County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Counties
| Otter Tail County | $260.2K | $280K | +7.6% |
| Wadena County | $185K | $197.6K | +6.8% |
| Hubbard County | $290K | $307.5K | +6.0% |
| Cass County | $325K | $324.8K | -0.1% |
| Todd County | $207.6K | $202.7K | -2.4% |
Housing Supply in Wadena County, MN
How many homes are available in Wadena County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 117 | +4.5% |
Summary: The Wadena County real estate market had 117 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 44 | 45 | +2.3% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Wadena County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 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. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Wadena County in October 2024, down by 5.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 76 Days | +45.3% |
Summary: Homes in Wadena County had an average of 76 days on market in Oct 2024, up by 45.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wadena County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Wadena County; 47% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
