$2,197 Closing Credit*
$185,000
1,900 SqFt
Listing Office: Worth Clark Realty
Is Waseca, 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, Waseca was a Seller's Market.
Key Takeaway
Waseca is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waseca, MN
How much do homes in Waseca, MN cost?
Median Sold Price
$232,250
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-3.1%)
Key Takeaway
Homes in Waseca have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Waseca was $232,250 in November 2024, down 3.1% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127.5K | $105.6K | -17.1% |
| 2 Bedrooms | $166.7K | $175.4K | +5.2% |
| 3 Bedrooms | $236.2K | $230K | -2.6% |
| 4 Bedrooms | $275K | $275K | 0.0% |
| 5+ Bedrooms | $310K | $292.5K | -5.6% |
Summary: Waseca housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Waseca, MN
How many homes are available in Waseca, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 59 | +1.7% |
Summary: The Waseca real estate market had 59 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Waseca 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waseca, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Waseca in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Waseca, MN
How long does it take to sell a home in Waseca, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 30 Days | +89.8% |
Summary: Homes in Waseca had an average of 30 days on market in Nov 2024, up by 89.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waseca are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Waseca; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
