Is Wadena, MN 56482 a buyer’s or seller’s market?
Wadena is a seller’s market. With about 3.4 months of supply and 26% 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.
Competition score45/ 100
More competitive than 45% of U.S. ZIP codes, and #247 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3.4Under 4 months = seller’s market
Sold above original list25.9%Share of sales, last 3 months
Median sale-to-list96.6%Sold price ÷ list price
Median days on market37Listing to accepted offer
Median price per sq ft$133▲ +9.0% vs. last year
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Nearby markets
Menahga 56464Buyer’s market $186 /sq ftSebeka 56477Balanced $152 /sq ftVerndale 56481Buyer’s market $141 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology