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WAYZATA, MN 55391

Real Estate Market Report  ·  Hennepin County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
88
⇧ 8.6% vs 81 last year
Pending
15
17% pending ratio
Median Price
$2,222,500
⇧ 5.8% vs $2,099,975 last year
Average Price
$2,715,216
⇩ 14% vs $3,155,643 last year
Days on Market
81
⇩ 8% vs 88 days last year

Market Context

Population: 15,773  ·  Density: 368.6/mi²  ·  Median household income: $147,386

Typical home value: $759,327  ·  Homeownership: 80.4%

Market Analysis

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

The WAYZATA, MN real estate market (55391) currently shows 88 active listings, with 15 pending sales. Homes are averaging 81 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 81 days on market compared to 88 days last year.

The median listing price has risen 5.8% year-over-year, from $2,099,975 to $2,222,500.

Whether you are buying or selling in WAYZATA, 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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 88 this year vs 81 last year
  • Days on market: 81 now vs 88 last year

Median & Average Pricing

Year over Year
  • Median: $2,222,500 (+5.8% YoY)
  • Average: $2,715,216 (-14% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.3 miles — 674 listings ($721,581,207 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55391Wayzata, MN 553910.0 mi88$238,939,008$2,222,500$2,715,216
55447Minneapolis, MN 554473.9 mi30$14,926,140$394,950$497,538
55384Spring Park, MN 553844.7 mi13$10,657,400$555,000$819,800
55305Hopkins, MN 553055.4 mi62$45,492,438$260,000$733,749
55441Minneapolis, MN 554416.4 mi22$7,983,910$350,000$362,905
55364Mound, MN 553646.6 mi57$60,323,955$492,500$1,058,315
55317Chanhassen, MN 553177.1 mi43$35,242,026$392,450$819,582
55340Hamel, MN 553408.3 mi75$89,542,125$1,000,380$1,193,895
55359Maple Plain, MN 553598.4 mi28$51,470,944$2,012,500$1,838,248
55344Eden Prairie, MN 553448.6 mi25$7,177,225$249,900$287,089
55386Victoria, MN 553869.3 mi26$19,372,756$729,900$745,106
55416Minneapolis, MN 554169.8 mi98$64,156,288$375,000$654,656
55311Maple Grove, MN 5531110.3 mi107$76,296,992$544,500$713,056

Frequently Asked Questions

How many homes are for sale in WAYZATA, MN 55391?

As of January 2026, there are 88 active listings in WAYZATA, MN (zip code 55391), compared to 81 the prior year.

What is the median home price in WAYZATA, MN 55391?

The median listing price in WAYZATA, MN 55391 is $2,222,500 as of January 2026, a 5.8% increase from $2,099,975 the prior year.

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

Homes in WAYZATA, MN 55391 spend an average of 81 days on the market before going under contract, compared to 88 days the prior year.

Is it a seller's or buyer's market in WAYZATA, MN 55391?

Based on current inventory and days-on-market data as of January 2026, WAYZATA, MN 55391 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 81 days on market compared to 88 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAYZATA, MN 55391 save an estimated $44,450 compared to a typical 5% commission on the median listing price of $2,222,500. 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.