Photo: 123dieinafire · CC BY 3.071 homes sold in Wayzata in the last year, at a typical $1.2M
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Wayzata homes are listed.
Every place Wayzata homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Wayzata.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Wayzata’s sales are condos, at $597K less than a house
40 houses and 22 condos sold in the year to May 2026. Condos sell faster. Houses draw more bidding wars.
typical sale · 40 sold in 12 months
- Per square foot
- $400MN $191
- Days to sell
- 90
- Sold over asking
- 20%
- Listings with a price cut
- 22%
typical sale · 22 sold in 12 months
- Per square foot
- $613MN $205
- Days to sell
- 81
- Sold over asking
- 5%
- Listings with a price cut
- 17%
Townhouses: 9 sold, typical $887K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at 2.3 times the 2016 price
71 sales in the last year, against 117 in 2017 and a low of 75 in 2013. The typical sale went from $526K in 2016 to $1.2M.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $1.2M buys in Wayzata
Check a listing against what Wayzata homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Wayzata are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of Wayzata’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 71 sales.
If you’re buying in Wayzata
- Shop in June. It brings about 13 new listings a month, close to the busiest month, with fewer bidding wars (22% over asking).
- Some room to negotiate. 19% of listings cut their price, about as many as before the pandemic.
- Offer under asking. Buyers paid 97.6% of the list price on average; 14% paid over.
- You’ll usually have time. Only 25% of homes go under contract within two weeks; the typical one takes 67 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 16 a month), and the most competition: 27% close over asking. June offers nearly as much choice with fewer homes bid up (22%). February has the least competition (6%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Wayzata now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 17% | 29% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 25% | 25% | 30% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 19% | 19% | 23% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 97.6% | 97% | 98% | 99.2% |
| Days to sellMedian days from listing to contract | 67 | 81 | 57 | 35 |
31 homes for sale on a typical day
That’s 1.9 times the 2021 low (17), 35% fewer than in 2017–19 and well under 2017’s 57.
1 in 5 listings has cut its price
19% in the last year, against 19% in 2017–19 and 28% across Minnesota.
Since 2019, houses are up 58%, condos 36%
A house typically sold for $1.6M in the last year (40 sales), a condo for $1M (22).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Wayzata ranks 144th of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Wayzata is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Five things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 4.
Best time to buySchools
The schools grade for Wayzata, from test results, graduation and how much students grow.
Schools in WayzataCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Deephaven, Long Lake, Orono, Minnetonka and Plymouth sell for less a square foot
The busier markets within 25 miles of Wayzata, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Plymouth | 1,030 | $499K | $207 | 34% | 30 |
| Minnetonka | 752 | $503K | $228 | 35% | 27 |
| Orono | 135 | $1.2M | $351 | 16% | 60 |
| Wayzata | 71 | $1.2M | $426 | 14% | 67 |
| Deephaven | 53 | $1.2M | $336 | 8% | 40 |
| Long Lake | 36 | $505K | $212 | 28% | 49 |
| Tonka Bay | 30 | $1.1M | $426 | 27% | 20 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Wayzata, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Wayzata. People who follow the town see it, and so do people comparing Wayzata with their own town. No commission, no listing fee.
Questions about buying a home in Wayzata
What do homes sell for in Wayzata, MN?
71 homes sold in the year to May 2026 at a typical $1.2M, $426 a square foot. Houses sold for about $1.6M, condos for about $1M.
Is Wayzata a buyer’s or seller’s market?
A seller’s market: 35 homes were for sale in May 2026 and 9 sold, about 3.9 months of supply. Buyers paid 97.6% of asking on average, and 19% of listings cut their price.
When is the best time to buy in Wayzata?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
Where can I see homes for sale in Wayzata?
Zillow, Redfin, Realtor.com and Homes.com all carry Wayzata’s MLS listings; the search links above open each one filtered to Wayzata.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).