$3,443 Closing Credit*
$289,900
2,138 SqFt
4 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is Waite Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Waite Park was a Seller's Market.
Key Takeaway
Waite Park 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 Waite Park, MN
How much do homes in Waite Park, MN cost?
Median Sold Price
$232,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,000(-1.3%)
Key Takeaway
Homes in Waite Park have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Waite Park was $232,000 in November 2024, down 1.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $81.4K | -9.6% |
| 2 Bedrooms | $242K | $245K | +1.2% |
| 3 Bedrooms | $246.5K | $220K | -10.8% |
| 4 Bedrooms | $235K | $242K | +3.0% |
| 5+ Bedrooms | $207.4K | $227.5K | +9.7% |
Summary: Waite Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Saint Cloud | $234.9K | $241.5K | +2.8% |
| Waite Park | $235K | $232K | -1.3% |
Housing Supply in Waite Park, MN
How many homes are available in Waite Park, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Waite Park real estate market had 24 homes for sale in November 2024, a 4.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waite Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Waite Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Waite Park in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 39 Days | +50.8% |
Summary: Homes in Waite Park had an average of 39 days on market in Nov 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waite Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Waite Park; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
