$3,563 Closing Credit*
$300,000
1,353 SqFt
2 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is Waite Park, 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, Waite Park was a Seller's Market.
Key Takeaway
Waite Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waite Park, MN
How much do homes in Waite Park, MN cost?
Median Sold Price
$235,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+1.1%)
Key Takeaway
Homes in Waite Park have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Waite Park was $235,000 in October 2024, up 1.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.9K | $86.4K | -42.3% |
| 2 Bedrooms | $238.5K | $245K | +2.7% |
| 3 Bedrooms | $238K | $222.5K | -6.5% |
| 4 Bedrooms | $230K | $242K | +5.2% |
| 5+ Bedrooms | $207.4K | $227.5K | +9.7% |
Summary: Waite Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Saint Cloud | $236K | $239.7K | +1.6% |
| Waite Park | $232.5K | $235K | +1.1% |
Housing Supply in Waite Park, MN
How many homes are available in Waite Park, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Waite Park real estate market had 27 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 12 | 11 | -8.3% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waite Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 8.3%, 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 |
|---|---|---|
| 5 | 3 | -40.0% |
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 Waite Park, 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 Waite Park in October 2024, down by 40.0% 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 Waite Park, MN
How long does it take to sell a home in Waite Park, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 34 Days | +23.9% |
Summary: Homes in Waite Park had an average of 34 days on market in Oct 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waite Park has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Waite Park; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
