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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waubun is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Waubun has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Waubun, MN

How much do homes in Waubun, MN cost?

Median Sold Price

$561,250

$252/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$239,500(+74.4%)

Key Takeaway

Homes in Waubun have sold for 74.4% more than they did a month ago.

Summary: The median home sold price in Waubun was $561,250 in September 2024, up 74.4% from last month, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $321.7K$372.5K
+15.8%
4 --
N/A
5+ -$750K
N/A

Summary: Waubun housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Waubun, MN

How many homes are available in Waubun, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1011+10.0%

Summary: The Waubun real estate market had 11 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 11
0.0%
3 54
-20.0%
4 11
0.0%
5+ 24
+100.0%

Summary: The Waubun housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waubun, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Waubun in September 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Waubun, MN

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

Average Sale Time

Aug 2024Sep 2024CHANGE
35 Days102 Days+191.4%

Summary: Homes in Waubun had an average of 102 days on market in Sep 2024, up by 191.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Waubun has remained consistent over time.

Summary: During September 2024, 2 homes were sold in Waubun; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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