Is Wahkon, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wahkon is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Wahkon has remained a Seller's Market.

Key Takeaway

Wahkon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Wahkon, MN

How much do homes in Wahkon, MN cost?

Median Sold Price

$320,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$79,900(-20.0%)

Key Takeaway

Homes in Wahkon have sold for 20% less than they did a year ago.

Summary: The median home sold price in Wahkon was $320,000 in October 2024, down 20% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $460K$315K
-31.5%
2 $322.3K$375K
+16.4%
3 $345K$320K
-7.2%
4 $697.4K$605K
-13.3%
5+ $862.7K$235K
-72.8%

Summary: Wahkon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.5%, 2 bedroom homes increased by 16.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 72.8%.

Median Sold Price Compared To Nearby Cities

Isle Harbor Township
-0.8%
Wahkon
-20.0%

Housing Supply in Wahkon, MN

How many homes are available in Wahkon, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
69+50.0%

Summary: The Wahkon real estate market had 9 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 12
+100.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Wahkon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wahkon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wahkon in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Wahkon, MN

How long does it take to sell a home in Wahkon, MN?

Average Sale Time

Oct 2023Oct 2024CHANGE
158 Days40 Days-74.5%

Summary: Homes in Wahkon had an average of 40 days on market in Oct 2024, down by 74.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wahkon are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Wahkon; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Wahkon, MN

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