Call or Text (240) SELL-123

WACONIA, MN 55387

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The WACONIA, MN real estate market (55387) currently shows 71 active listings, with 35 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 32 days on market compared to 40 days last year.

The median listing price has fallen 10.5% year-over-year, from $589,450 to $527,733.

Whether you are buying or selling in WACONIA, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for WACONIA, MN 55387 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 14,409  ·  Density: 176.4/mi²  ·  Median household income: $104,969

Typical home value: $398,595  ·  Homeownership: 80.4%

Market Overview

Active Listings
71
⇩ 12.3% vs 81 last year
Pending
35
49% pending ratio
Median Price
$527,733
⇩ 10.5% vs $589,450 last year
Average Price
$547,496
⇩ 13.5% vs $632,856 last year
Days on Market
32
⇩ 20% vs 40 days last year

Price Per Square Foot

Median $/sqft
$218
vs $218/sqft last year
Median Home Size
2,119 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 71 this year vs 81 last year
  • Days on market: 32 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $527,733 (-10.5% YoY)
  • Average: $547,496 (-13.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.6 miles — 392 listings ($328,085,759 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55387Waconia, MN 553870.0 mi55$29,400,525$533,700$534,555
55386Victoria, MN 553865.6 mi31$21,498,097$654,400$693,487
55388Watertown, MN 553887.3 mi30$13,791,030$421,900$459,701
55364Mound, MN 553647.7 mi68$72,876,484$489,975$1,071,713
55397Young America, MN 553978.1 mi10$3,484,200$359,900$348,420
55384Spring Park, MN 553849.1 mi13$10,432,734$550,000$802,518
55367New Germany, MN 553679.9 mi3$2,124,924$784,975$708,308
55359Maple Plain, MN 5535910.9 mi32$52,497,408$1,773,725$1,640,544
55328Delano, MN 5532812.3 mi73$49,944,337$482,248$684,169
55356Long Lake, MN 5535613.5 mi26$47,349,822$1,024,175$1,821,147
55370Plato, MN 5537013.8 mi2$450,000$225,000$225,000
55363Montrose, MN 5536314.5 mi28$10,499,720$394,924$374,990
55346Eden Prairie, MN 5534614.6 mi21$13,736,478$525,000$654,118

Frequently Asked Questions

How many homes are for sale in WACONIA, MN 55387?

As of March 2026, there are 71 active listings in WACONIA, MN (zip code 55387), compared to 81 the prior year.

What is the median home price in WACONIA, MN 55387?

The median listing price in WACONIA, MN 55387 is $527,733 as of March 2026, a 10.5% decrease from $589,450 the prior year.

How long do homes stay on the market in WACONIA, MN?

Homes in WACONIA, MN 55387 spend an average of 32 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in WACONIA, MN 55387?

Based on current inventory and days-on-market data as of March 2026, WACONIA, MN 55387 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 32 days on market compared to 40 days last year.

How much can I save on real estate commission in WACONIA, MN?

With SELL123.com's maximum 3% commission, sellers in WACONIA, MN 55387 save an estimated $10,555 compared to a typical 5% commission on the median listing price of $527,733. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.