Is Waseca County, 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, Waseca County was a Seller's Market.
Key Takeaway
Waseca County 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 Waseca County, MN
How much do homes in Waseca County, MN cost?
Median Sold Price
$241,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Waseca County have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Waseca County was $241,000 in March 2024, up 12.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $87K | -62.8% |
| 2 Bedrooms | $171K | $173.7K | +1.6% |
| 3 Bedrooms | $205.5K | $225K | +9.5% |
| 4 Bedrooms | $256.7K | $267.5K | +4.2% |
| 5+ Bedrooms | $290K | $310K | +6.9% |
Summary: Waseca County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.8%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Counties
| Waseca County | $215K | $241K | +12.1% |
| Rice County | $307.9K | $325.2K | +5.6% |
| Le Sueur County | $280K | $289K | +3.2% |
| Steele County | $261.9K | $264.5K | +1.0% |
| Blue Earth County | $296.5K | $284K | -4.2% |
Housing Supply in Waseca County, MN
How many homes are available in Waseca County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 54 | +5.9% |
Summary: The Waseca County real estate market had 54 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Waseca County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 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 could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Waseca County in March 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 57 Days | 50 Days | -11.4% |
Summary: Homes in Waseca County had an average of 50 days on market in Mar 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were 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 March 2024, 8 homes were sold in Waseca County; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
