$6,750,000
5,500 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: New Haus Real Estate, Inc.
Is Wayzata, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Wayzata has remained a Seller's Market.
Key Takeaway
Wayzata is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayzata, MN
How much do homes in Wayzata, MN cost?
Median Sold Price
$969,166
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,833(-2.1%)
Key Takeaway
Homes in Wayzata have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Wayzata was $969,166 in October 2024, down 2.1% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.7K | $286.5K | +14.7% |
| 2 Bedrooms | $614.9K | $539.9K | -12.2% |
| 3 Bedrooms | $769.7K | $683.5K | -11.2% |
| 4 Bedrooms | $1.0M | $1.1M | +15.2% |
| 5+ Bedrooms | $1.7M | $1.6M | -9.6% |
Summary: Wayzata housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Minnetonka | $455.3K | $496.7K | +9.1% |
| Plymouth | $474.9K | $497.7K | +4.8% |
| Orono | $1.1M | $1.1M | 0.4% |
| Wayzata | $990K | $969.1K | -2.1% |
| Shorewood | $775K | $657.5K | -15.2% |
Housing Supply in Wayzata, MN
How many homes are available in Wayzata, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 128 | 142 | +10.9% |
Summary: The Wayzata real estate market had 142 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 32 | 40 | +25.0% |
| 5+ Bedrooms | 45 | 51 | +13.3% |
Summary: The Wayzata housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 26 | +36.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayzata, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Wayzata in October 2024, up by 36.8% month-over-month. Of the 26 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 46 Days | +34.9% |
Summary: Homes in Wayzata had an average of 46 days on market in Oct 2024, up by 34.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wayzata are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Wayzata; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
