$1,602 Closing Credit*
$134,900
912 SqFt
2 Beds
•1 Bath
Listing Office: Hinkle Realty
Is Wadena Township, 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 Township has remained a Seller's Market.
Key Takeaway
Wadena Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wadena Township, MN
How much do homes in Wadena Township, MN cost?
Median Sold Price
$197,500
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,500(+11.6%)
Key Takeaway
Homes in Wadena Township have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Wadena Township was $197,500 in November 2024, up 11.6% 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 | $168K | $169K | +0.6% |
| 4 Bedrooms | $219.9K | $205K | -6.8% |
| 5+ Bedrooms | $354.5K | $281.9K | -20.5% |
Summary: Wadena Township 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 0.6%, 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 Township, MN
How many homes are available in Wadena Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 43 | +16.2% |
Summary: The Wadena Township 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 Township 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 Township, 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 Township 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 Township, MN
How long does it take to sell a home in Wadena Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 111 Days | +419.1% |
Summary: Homes in Wadena Township 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 Township 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 Township; 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.
