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WAITE PARK, MN 56387

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

Market Analysis

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

The WAITE PARK, MN real estate market (56387) currently shows 19 active listings, with 9 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 75 days on market compared to 25 days last year.

The median listing price has risen 2.3% year-over-year, from $279,950 to $286,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
19
⇧ 35.7% vs 14 last year
Pending
9
47% pending ratio
Median Price
$286,500
⇧ 2.3% vs $279,950 last year
Average Price
$282,049
⇩ 8.7% vs $308,900 last year
Days on Market
75
⇧ 200% vs 25 days last year

Price Per Square Foot

Median $/sqft
$177
⇩ 8.3% vs $193/sqft last year
Median Home Size
1,659 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 19 this year vs 14 last year
  • Days on market: 75 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $286,500 (+2.3% YoY)
  • Average: $282,049 (-8.7% 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 21.4 miles — 365 listings ($143,734,644 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56387Waite Park, MN 563870.0 mi19$4,940,114$261,150$260,006
56303Saint Cloud, MN 563033.3 mi85$26,385,275$241,250$310,415
56374Saint Joseph, MN 563746.8 mi32$12,217,600$313,750$381,800
56304Saint Cloud, MN 563049.2 mi48$16,163,424$349,900$336,738
56379Sauk Rapids, MN 5637910.6 mi35$13,772,220$332,900$393,492
56310Avon, MN 5631012.0 mi16$6,157,344$376,150$384,834
55319Clear Lake, MN 5531915.0 mi49$21,509,775$366,400$438,975
56368Richmond, MN 5636815.5 mi9$3,832,083$412,475$425,787
56367Rice, MN 5636716.2 mi19$10,316,810$284,850$542,990
56340Holdingford, MN 5634018.4 mi5$625,000$125,000$125,000
56329Foley, MN 5632920.3 mi15$6,589,515$412,450$439,301
55302Annandale, MN 5530220.8 mi32$20,475,584$394,900$639,862
56314Bowlus, MN 5631421.4 mi1$749,900$749,900$749,900

Frequently Asked Questions

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

As of March 2026, there are 19 active listings in WAITE PARK, MN (zip code 56387), compared to 14 the prior year.

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

The median listing price in WAITE PARK, MN 56387 is $286,500 as of March 2026, a 2.3% increase from $279,950 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 75 days on the market before going under contract, compared to 25 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 March 2026, WAITE PARK, MN 56387 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 75 days on market compared to 25 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 $5,730 compared to a typical 5% commission on the median listing price of $286,500. 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.