Is Waite Park, 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, Waite Park was a Seller's Market.
Key Takeaway
Waite Park 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 Waite Park, MN
How much do homes in Waite Park, MN cost?
Median Sold Price
$235,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waite Park have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Waite Park was $235,000 in March 2024, up 4.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $76K | $87.5K | +15.1% |
| 2 Bedrooms | $224K | $243.5K | +8.7% |
| 3 Bedrooms | $232.5K | $260K | +11.8% |
| 4 Bedrooms | $224.9K | $230K | +2.2% |
| 5+ Bedrooms | $207.4K | $199.9K | -3.6% |
Summary: Waite Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Waite Park | $225K | $235K | +4.4% |
| Saint Cloud | $226.6K | $235K | +3.7% |
Housing Supply in Waite Park, MN
How many homes are available in Waite Park, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 19 | +18.8% |
Summary: The Waite Park real estate market had 19 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waite Park 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 20%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waite Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Waite Park in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Waite Park, MN
How long does it take to sell a home in Waite Park, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 72 Days | +152.8% |
Summary: Homes in Waite Park had an average of 72 days on market in Mar 2024, up by 152.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waite Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Waite Park; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
