Is Waverly, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waverly is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Waverly has remained a Buyer's Market.

Key Takeaway

Waverly is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Waverly, MN

How much do homes in Waverly, MN cost?

Median Sold Price

$290,250

$185/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$12,350(+4.4%)

Key Takeaway

Homes in Waverly have sold for 4.4% more than they did a month ago.

Summary: The median home sold price in Waverly was $290,250 in February 2024, up 4.4% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$275.5K
N/A
3 -$305K
N/A
4 $277.9K-
N/A
5+ --
N/A

Summary: Waverly housing prices by bedroom type for February 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 did not change, and 5+ bedroom homes did not change.

Housing Supply in Waverly, MN

How many homes are available in Waverly, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1015+50.0%

Summary: The Waverly real estate market had 15 homes for sale in February 2024, a 50.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 37
+133.3%
4 44
0.0%
5+ 01
+100.0%

Summary: The Waverly housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waverly, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Waverly in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Waverly, MN

How long does it take to sell a home in Waverly, MN?

Average Sale Time

Jan 2024Feb 2024CHANGE
96 Days8 Days-91.1%

Summary: Homes in Waverly had an average of 8 days on market in Feb 2024, down by 91.1% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Waverly are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Waverly; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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