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WAITE PARK, MN 56387

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

Market Overview

Active Listings
20
vs 20 last year
Pending
5
25% pending ratio
Median Price
$289,000
⇩ 2.4% vs $296,175 last year
Average Price
$273,400
⇩ 10.6% vs $305,718 last year
Days on Market
58
⇧ 11.5% vs 52 days last year

Market Context

Population: 7,703  ·  Density: 332.4/mi²  ·  Median household income: $52,762

Typical home value: $209,914  ·  Homeownership: 43.7%

Market Analysis

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

The WAITE PARK, MN real estate market (56387) currently shows 20 active listings, with 5 pending sales. Homes are averaging 58 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 58 days on market compared to 52 days last year.

The median listing price has fallen 2.4% year-over-year, from $296,175 to $289,000.

Whether you are buying or selling in WAITE PARK, 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
  • Days on market: 58 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $289,000 (-2.4% YoY)
  • Average: $273,400 (-10.6% 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 21.4 miles — 351 listings ($134,776,102 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56387Waite Park, MN 563870.0 mi20$5,468,000$289,000$273,400
56303Saint Cloud, MN 563033.3 mi79$22,975,254$249,950$290,826
56374Saint Joseph, MN 563746.8 mi32$11,830,784$324,900$369,712
56304Saint Cloud, MN 563049.2 mi51$17,081,430$350,000$334,930
56379Sauk Rapids, MN 5637910.6 mi29$10,572,037$328,450$364,553
56310Avon, MN 5631012.0 mi14$5,921,188$435,200$422,942
55319Clear Lake, MN 5531915.0 mi39$17,191,746$363,900$440,814
56368Richmond, MN 5636815.5 mi10$4,535,430$419,900$453,543
56367Rice, MN 5636716.2 mi21$9,815,988$285,900$467,428
56340Holdingford, MN 5634018.4 mi5$1,523,700$239,000$304,740
56329Foley, MN 5632920.3 mi15$5,839,440$344,900$389,296
55302Annandale, MN 5530220.8 mi35$21,296,205$379,400$608,463
56314Bowlus, MN 5631421.4 mi1$724,900$724,900$724,900

Frequently Asked Questions

How many homes are for sale in WAITE PARK, MN 56387?

As of January 2026, there are 20 active listings in WAITE PARK, MN (zip code 56387), compared to 20 the prior year.

What is the median home price in WAITE PARK, MN 56387?

The median listing price in WAITE PARK, MN 56387 is $289,000 as of January 2026, a 2.4% decrease from $296,175 the prior year.

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

Homes in WAITE PARK, MN 56387 spend an average of 58 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in WAITE PARK, MN 56387?

Based on current inventory and days-on-market data as of January 2026, WAITE PARK, MN 56387 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 58 days on market compared to 52 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WAITE PARK, MN 56387 save an estimated $5,780 compared to a typical 5% commission on the median listing price of $289,000. 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.