Is Waite Park, MN 56388 a buyer’s or seller’s market?
Waite Park is a seller’s market. With about 2 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply2Under 4 months = seller’s market
Sold above original list31.2%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market25Listing to accepted offer
Median price per sq ft$172▲ +22.6% vs. last year
Run the numbers for 56388
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology