$10,000 Closing Credit*
$850,000
3,538 SqFt
1 Bed
•3 Full Baths
Listing Office: RE/MAX Advantage Plus
Is Wahkon, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $315K | -31.5% |
| 2 Bedrooms | $322.3K | $375K | +16.4% |
| 3 Bedrooms | $345K | $320K | -7.2% |
| 4 Bedrooms | $697.4K | $605K | -13.3% |
| 5+ Bedrooms | $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 | $365K | $362.2K | -0.8% |
| Wahkon | $399.9K | $320K | -20.0% |
Housing Supply in Wahkon, MN
How many homes are available in Wahkon, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 158 Days | 40 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
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.
