Is Waite Park, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Waite Park was a Seller's Market.
Housing Prices in Waite Park, MN
How much do homes in Waite Park, MN cost?
Median Sold Price
$238,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waite Park was $238,000 in April 2024, up 6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $85K | -5.6% |
2 Bedrooms | $210K | $245K | +16.7% |
3 Bedrooms | $232.5K | $249K | +7.1% |
4 Bedrooms | $224.9K | $235K | +4.5% |
5+ Bedrooms | $235K | $199.9K | -14.9% |
Summary: Waite Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
Waite Park | $224.5K | $238K | +6.0% |
Saint Cloud | $229.6K | $235K | +2.3% |
Housing Supply in Waite Park, MN
How many homes are available in Waite Park, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Summary: The Waite Park real estate market had 22 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 3 | 6 | +100.0% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waite Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Waite Park in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 27 Days | +72.9% |
Summary: Homes in Waite Park had an average of 27 days on market in Apr 2024, up by 72.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Waite Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.