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Featured local agent — Wayzata, MN
Sarah Mitchell
Compass Real Estate · Wayzata, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wayzata, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.36Mmedian sale price
How is the Wayzata, MN housing market right now?
The median home sale price in Wayzata, MN is $1.36M, up 10.9% year-over-year. Homes sell in an average of 63 days with 35 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 Wayzata a buyer's or seller's market?
Wayzata, MN is currently a balanced market, based on 3.9 months of supply and homes selling in about 63 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
63
Average pace
Active listings
35
3.9 months supply
Sale-to-list
96.5%
Below asking
What does the Wayzata housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.36M |
| Median list price | $837,500 |
| Year-over-year price change | +10.9% |
| Average days on market | 63 days |
| Active inventory | 35 listings |
| Months of supply | 3.9 months |
| Sale-to-list price ratio | 96.5% |
| Median price per sq ft | $388/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 18 |
| Listings with a price cut | 8.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Wayzata by property type?
How the Wayzata, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $2.35M | $908/sq ft | 3 | 162 days |
| Townhouse | $757,928 | $316/sq ft | 3 | 43 days |
Source: Redfin · Updated monthly
The Wayzata housing market is currently classified as a balanced market with a median sale price of $1.36M. Prices have risen 10.9% compared to last year, with homes spending an average of 63 days on market, indicating 3.9 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 7.6x provides context for how home values compare to local earning capacity.
Homes for sale in Wayzata
There are currently 35 homes listed for sale in Wayzata, Minnesota. The median listing price is $838K.
Active listings
35
Homes on market
Median list price
$838K
Avg. days on market
63
Days until sale
New this week
18
Newly listed
Who lives in Wayzata?
Population
4,363
Median income
$125,344/yr
Median age
58.5 years
Owner-occupied
60.3%
College grads
72.2%
Avg commute
17.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Wayzata?
Zillow home value
$946,444
Zillow rent index
$1,856/mo
Price-to-rent ratio
42.5x
Price-to-income
7.6x
Source: Zillow Research
What is it like to live in Wayzata?
Wayzata is a community of approximately 4K residents with a median age of 58.5 years.The median household income is $125,344, which reflects a relatively affluent area with strong earning potential. 72.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 60.3%, showing a blend of owner and renter-occupied properties. The average commute time is 17.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Wayzata offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Wayzata?
2 schools tracked · 1,384 students
The largest public schools serving Wayzata, 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.
WAYZATA WEST MIDDLE
Grades 6-8 · 714 students
DEEPHAVEN ELEMENTARY
Grades K-5 · 670 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 Wayzata, MN?
Want a head-to-head view? Compare Wayzata side-by-side with any other U.S. city using our market-comparison tool.
Is Wayzata a good real estate investment market?
For investors evaluating Wayzata, the price-to-rent ratio of 42.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 10.9% 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 Wayzata's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Wayzata's median home price.
Frequently asked questions
What is the average home price in Wayzata?
The median home sale price in Wayzata is $1.36M, up 10.9% from last year.
How long do homes stay on market in Wayzata?
Homes typically spend 63 days on market before going under contract.
What is the median income in Wayzata?
The median household income is $125,344 per year.
Is Wayzata a buyer's or seller's market?
With 3.9 months of supply, Wayzata is currently a balanced market.
What is the Zillow home value estimate for Wayzata?
The Zillow Home Value Index (ZHVI) for Wayzata is $946,444, representing the typical home value in the area.
What is the median condo price in Wayzata?
The median condo/co-op sale price in Wayzata, MN is $2.35M, based on the latest Redfin data.
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