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Featured local agent — Waconia, MN
Sarah Mitchell
Compass Real Estate · Waconia, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Waconia, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$467,500median sale price
How is the Waconia, MN housing market right now?
The median home sale price in Waconia, MN is $467,500, up 1.6% year-over-year. Homes sell in an average of 33 days with 67 active listings. The market is currently a seller's 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 Waconia a buyer's or seller's market?
Waconia, MN is currently a seller's market, based on 2.0 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
34
Last 12 weeks
Days on market
33
Average pace
Active listings
67
2.0 months supply
Sale-to-list
99.9%
Below asking
What does the Waconia housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $467,500 |
| Median list price | $480,000 |
| Year-over-year price change | +1.6% |
| Average days on market | 33 days |
| Active inventory | 67 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $205/sq ft |
| Homes sold (latest month) | 34 |
| New listings (latest month) | 44 |
| Listings with a price cut | 38.8% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Waconia by property type?
How the Waconia, 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 | $479,034 | $203/sq ft | 26 | 33 days |
| Condo / Co-op | $550,000 | $458/sq ft | 1 | 69 days |
| Townhouse | $322,500 | $207/sq ft | 8 | 33 days |
Source: Redfin · Updated monthly
The Waconia housing market is currently classified as a seller's market with a median sale price of $467,500. Prices have risen 1.6% compared to last year, with homes spending an average of 33 days on market, indicating 2.0 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 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Waconia
There are currently 67 homes listed for sale in Waconia, Minnesota. The median listing price is $480K.
Active listings
67
Homes on market
Median list price
$480K
Avg. days on market
33
Days until sale
New this week
44
Newly listed
Who lives in Waconia?
Population
13,223
Median income
$104,929/yr
Median age
37.6 years
Owner-occupied
80.9%
College grads
49.8%
Avg commute
24.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Waconia?
Zillow home value
$468,933
Zillow rent index
$1,783/mo
Price-to-rent ratio
21.9x
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Waconia?
Waconia is a community of approximately 13K residents with a median age of 37.6 years.The median household income is $104,929, which reflects a relatively affluent area with strong earning potential. 49.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 80.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Waconia offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Waconia?
9 schools tracked · 4,000 students
The largest public schools serving Waconia, 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.
Waconia High School
Grades 9-12 · 1,342 students
Waconia Middle School
Grades 6-8 · 953 students
SOUTHVIEW ELEMENTARY
Grades K-5 · 538 students
BAYVIEW ELEMENTARY
Grades K-5 · 535 students
Laketown Elementary
Grades K-5 · 523 students
EARLY CHILDHOOD SPECIAL EDUCATION
Grades PK · 66 students
Waconia Learning Center
Grades 9-12 · 34 students
TRANSITIONS 110
Grades 12 · 9 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 Waconia, MN?
Want a head-to-head view? Compare Waconia side-by-side with any other U.S. city using our market-comparison tool.
Is Waconia a good real estate investment market?
For investors evaluating Waconia, the price-to-rent ratio of 21.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Waconia's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Waconia's median home price.
Frequently asked questions
What is the average home price in Waconia?
The median home sale price in Waconia is $467,500, up 1.6% from last year.
How long do homes stay on market in Waconia?
Homes typically spend 33 days on market before going under contract.
What is the median income in Waconia?
The median household income is $104,929 per year.
Is Waconia a buyer's or seller's market?
With 2.0 months of supply, Waconia is currently a seller's market.
What is the Zillow home value estimate for Waconia?
The Zillow Home Value Index (ZHVI) for Waconia is $468,933, representing the typical home value in the area.
What is the median condo price in Waconia?
The median condo/co-op sale price in Waconia, MN is $550,000, compared to $479,034 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Waconia?
The median single-family home price in Waconia, MN is $479,034 (about $203 per square foot).
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