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Featured local agent — Wabasha, MN
Sarah Mitchell
Compass Real Estate · Wabasha, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wabasha, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$324,900median sale price
How is the Wabasha, MN housing market right now?
The median home sale price in Wabasha, MN is $324,900, down 0.8% year-over-year. Homes sell in an average of 29 days with 15 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Wabasha a buyer's or seller's market?
Wabasha, MN is currently a balanced market, based on 3.0 months of supply and homes selling in about 29 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
29
Average pace
Active listings
15
3.0 months supply
Sale-to-list
97.2%
Below asking
What does the Wabasha housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $324,900 |
| Median list price | $285,000 |
| Year-over-year price change | -0.8% |
| Average days on market | 29 days |
| Active inventory | 15 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $178/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 7 |
| Listings with a price cut | 26.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Wabasha by property type?
How the Wabasha, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $324,900 | $178/sq ft | 5 | 29 days |
| Condo / Co-op | $445,000 | $318/sq ft | 1 | 72 days |
| Townhouse | $250,000 | $156/sq ft | 1 | 52 days |
Source: Redfin · Updated monthly
The Wabasha housing market is currently classified as a balanced market with a median sale price of $324,900. Prices have fallen 0.8% compared to last year, with homes spending an average of 29 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Wabasha
There are currently 15 homes listed for sale in Wabasha, Minnesota. The median listing price is $285K.
Active listings
15
Homes on market
Median list price
$285K
Avg. days on market
29
Days until sale
New this week
7
Newly listed
Who lives in Wabasha?
Population
2,569
Median income
$62,016/yr
Median age
55.2 years
Owner-occupied
69.7%
College grads
24.4%
Avg commute
20.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Wabasha?
Zillow home value
$292,169
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Wabasha?
Wabasha is a community of approximately 3K residents with a median age of 55.2 years.The median household income is $62,016, which represents a working-class community with solid middle-income opportunities. 24.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 69.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wabasha offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wabasha?
2 schools tracked · 469 students
The largest public schools serving Wabasha, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
WABASHA-KELLOGG SECONDARY
Grades 7-12 · 263 students
WABASHA-KELLOGG ELEMENTARY
Grades PK-6 · 206 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Wabasha, MN?
Want a head-to-head view? Compare Wabasha side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Wabasha?
The median home sale price in Wabasha is $324,900, down 0.8% from last year.
How long do homes stay on market in Wabasha?
Homes typically spend 29 days on market before going under contract.
What is the median income in Wabasha?
The median household income is $62,016 per year.
Is Wabasha a buyer's or seller's market?
With 3.0 months of supply, Wabasha is currently a balanced market.
What is the Zillow home value estimate for Wabasha?
The Zillow Home Value Index (ZHVI) for Wabasha is $292,169, representing the typical home value in the area.
What is the median condo price in Wabasha?
The median condo/co-op sale price in Wabasha, MN is $445,000, compared to $324,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Wabasha?
The median single-family home price in Wabasha, MN is $324,900 (about $178 per square foot).
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