$10,000 Closing Credit*
$899,900
3,488 SqFt
5 Beds
•1 Full Bath, 1 Partial
Listing Office: RE/MAX Results
Is Wayzata, 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, Wayzata was a Seller's Market.
Key Takeaway
Wayzata is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wayzata, MN
How much do homes in Wayzata, MN cost?
Median Sold Price
$975,000
$327/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,033(+2.6%)
Key Takeaway
Homes in Wayzata have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Wayzata was $975,000 in November 2024, up 2.6% from last year, and the median price per square foot was $327.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254.5K | $243K | -4.5% |
| 2 Bedrooms | $525K | $516K | -1.7% |
| 3 Bedrooms | $762.5K | $709K | -7.0% |
| 4 Bedrooms | $1.0M | $1.2M | +26.6% |
| 5+ Bedrooms | $1.8M | $1.6M | -8.5% |
Summary: Wayzata housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
| Orono | $1.0M | $1.1M | +9.8% |
| Minnetonka | $458.2K | $494.3K | +7.9% |
| Plymouth | $475K | $498.9K | +5.0% |
| Wayzata | $949.9K | $975K | +2.6% |
| Shorewood | $767.5K | $650K | -15.3% |
Housing Supply in Wayzata, MN
How many homes are available in Wayzata, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 124 | 118 | -4.8% |
Summary: The Wayzata real estate market had 118 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 17 | 15 | -11.8% |
| 3 Bedrooms | 28 | 22 | -21.4% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 43 | 44 | +2.3% |
Summary: The Wayzata housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 14 | -48.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayzata, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Wayzata in November 2024, down by 48.1% month-over-month. Of the 14 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.
Days on Market for Wayzata, MN
How long does it take to sell a home in Wayzata, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 60 Days | +144.2% |
Summary: Homes in Wayzata had an average of 60 days on market in Nov 2024, up by 144.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wayzata has remained consistent over time.
Summary: During November 2024, 14 homes were sold in Wayzata; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
