Is Waconia, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Waconia was a Seller's Market.
Key Takeaway
Waconia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Waconia, MN
How much do homes in Waconia, MN cost?
Median Sold Price
$459,170
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waconia have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Waconia was $459,170 in March 2024, up 5.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $281.4K | $245K | -13.0% |
| 3 Bedrooms | $398.5K | $411K | +3.2% |
| 4 Bedrooms | $450K | $485K | +7.8% |
| 5+ Bedrooms | $562.5K | $554.9K | -1.3% |
Summary: Waconia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Waconia Township | $405K | $458.9K | +13.3% |
| Waconia | $436.7K | $459.1K | +5.1% |
| Laketown Township | $522.5K | $507.4K | -2.9% |
Housing Supply in Waconia, MN
How many homes are available in Waconia, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 86 | +10.3% |
Summary: The Waconia real estate market had 86 homes for sale in March 2024, a 10.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 33 | 36 | +9.1% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Waconia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waconia, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Waconia in March 2024, down by 18.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Waconia, MN
How long does it take to sell a home in Waconia, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 29 Days | -39.9% |
Summary: Homes in Waconia had an average of 29 days on market in Mar 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Waconia has remained consistent over time.
Summary: During March 2024, 13 homes were sold in Waconia; 46% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
