Is Waseca County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Waseca County has remained a Seller's Market.
Key Takeaway
Waseca County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waseca County, MN
How much do homes in Waseca County, MN cost?
Median Sold Price
$240,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waseca County have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Waseca County was $240,000 in May 2024, up 13.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $87K | -62.8% |
| 2 Bedrooms | $168.5K | $173.7K | +3.1% |
| 3 Bedrooms | $205.5K | $235K | +14.4% |
| 4 Bedrooms | $249.9K | $267.5K | +7.1% |
| 5+ Bedrooms | $290K | $301.2K | +3.9% |
Summary: Waseca County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Counties
| Waseca County | $211K | $240K | +13.7% |
| Rice County | $314.9K | $329.3K | +4.6% |
| Steele County | $260K | $269.9K | +3.8% |
| Le Sueur County | $285K | $284.9K | 0% |
| Blue Earth County | $296.5K | $291K | -1.9% |
Housing Supply in Waseca County, MN
How many homes are available in Waseca County, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The Waseca County real estate market had 59 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Waseca County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waseca County, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Waseca County in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Waseca County, MN
How long does it take to sell a home in Waseca County, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 44 Days | +133.0% |
Summary: Homes in Waseca County had an average of 44 days on market in May 2024, up by 133% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waseca County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Waseca County; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
