Is Wadena County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wadena County has remained a Seller's Market.
Housing Prices in Wadena County, MN
How much do homes in Wadena County, MN cost?
Median Sold Price
$189,950
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wadena County was $189,950 in April 2024, up 5.5% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $58.7K | $89.5K | +52.3% |
2 Bedrooms | $160K | $155K | -3.1% |
3 Bedrooms | $176.5K | $186K | +5.4% |
4 Bedrooms | $200K | $242K | +21.0% |
5+ Bedrooms | $315K | $299.7K | -4.8% |
Summary: Wadena County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.3%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 21%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Counties
Hubbard County | $266K | $322.9K | +21.4% |
Otter Tail County | $250.1K | $280.3K | +12.1% |
Wadena County | $180K | $189.9K | +5.5% |
Todd County | $196K | $200K | +2.0% |
Cass County | $333.7K | $324.9K | -2.6% |
Housing Supply in Wadena County, MN
How many homes are available in Wadena County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 101 | +12.2% |
Summary: The Wadena County real estate market had 101 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 37 | 39 | +5.4% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Wadena County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Wadena County in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Wadena County, MN
How long does it take to sell a home in Wadena County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
107 Days | 80 Days | -25.2% |
Summary: Homes in Wadena County had an average of 80 days on market in Apr 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Wadena County; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.