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Featured local agent — Wahpeton, IA
Sarah Mitchell
Compass Real Estate · Wahpeton, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wahpeton, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$495,000median sale price
How is the Wahpeton, IA housing market right now?
The median home sale price in Wahpeton, IA is $495,000, down 34.0% year-over-year. Homes sell in an average of 117 days with 11 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wahpeton a buyer's or seller's market?
Wahpeton, IA is currently a buyer's market, based on 11.0 months of supply and homes selling in about 117 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
117
Average pace
Active listings
11
11.0 months supply
Sale-to-list
88.4%
Below asking
What does the Wahpeton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $495,000 |
| Median list price | $1.86M |
| Year-over-year price change | -34.0% |
| Average days on market | 117 days |
| Active inventory | 11 listings |
| Months of supply | 11.0 months |
| Sale-to-list price ratio | 88.4% |
| Median price per sq ft | $384/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 4 |
| Listings with a price cut | 9.1% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Wahpeton by property type?
How the Wahpeton, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $495,000 | $384/sq ft | 1 | 117 days |
| Condo / Co-op | $238,000 | $354/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Wahpeton housing market is currently classified as a buyer's market with a median sale price of $495,000. Prices have fallen 34.0% compared to last year, with homes spending an average of 117 days on market, indicating 11.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 6.7x provides context for how home values compare to local earning capacity.
Homes for sale in Wahpeton
There are currently 11 homes listed for sale in Wahpeton, Iowa. The median listing price is $1.9M.
Active listings
11
Homes on market
Median list price
$1.9M
Avg. days on market
117
Days until sale
New this week
4
Newly listed
Who lives in Wahpeton?
Population
436
Median income
$86,667/yr
Median age
55 years
Owner-occupied
79.7%
College grads
57.7%
Avg commute
15.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Wahpeton?
Zillow home value
$580,619
Price-to-income
6.7x
Source: Zillow Research
What is it like to live in Wahpeton?
Wahpeton is a community of approximately 0K residents with a median age of 55 years.The median household income is $86,667, which reflects a relatively affluent area with strong earning potential. 57.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 79.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 15.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wahpeton offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Wahpeton, IA?
Want a head-to-head view? Compare Wahpeton side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wahpeton?
The median home sale price in Wahpeton is $495,000, down 34.0% from last year.
How long do homes stay on market in Wahpeton?
Homes typically spend 117 days on market before going under contract.
What is the median income in Wahpeton?
The median household income is $86,667 per year.
Is Wahpeton a buyer's or seller's market?
With 11.0 months of supply, Wahpeton is currently a buyer's market.
What is the Zillow home value estimate for Wahpeton?
The Zillow Home Value Index (ZHVI) for Wahpeton is $580,619, representing the typical home value in the area.
What is the median condo price in Wahpeton?
The median condo/co-op sale price in Wahpeton, IA is $238,000, compared to $495,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wahpeton?
The median single-family home price in Wahpeton, IA is $495,000 (about $384 per square foot).
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