Is Wanamingo, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Wanamingo was a Buyer's Market.
Key Takeaway
Wanamingo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wanamingo, MN
How much do homes in Wanamingo, MN cost?
Median Sold Price
$320,000
$234/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Wanamingo have sold for 16.9% less than they did a month ago.
Summary: The median home sold price in Wanamingo was $320,000 in March 2024, down 16.9% from last month, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $308.5K | N/A |
| 3 Bedrooms | - | $356K | N/A |
| 4 Bedrooms | $385K | $320K | -16.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wanamingo housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wanamingo | $385K | $320K | -16.9% |
| Wanamingo Township | $385K | $320K | -16.9% |
Housing Supply in Wanamingo, MN
How many homes are available in Wanamingo, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Wanamingo real estate market had 8 homes for sale in March 2024, a 11.1% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wanamingo 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wanamingo, 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 Wanamingo in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Wanamingo, MN
How long does it take to sell a home in Wanamingo, MN?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 89 Days | +111.9% |
Summary: Homes in Wanamingo had an average of 89 days on market in Mar 2024, up by 111.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wanamingo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Wanamingo; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
