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WADENA, MN 56482

Real Estate Market Report  ·  Wadena County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The WADENA, MN real estate market (56482) currently shows 27 active listings, with 12 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 35 days on market compared to 50 days last year.

The median listing price has fallen 17.9% year-over-year, from $295,850 to $242,888.

Whether you are buying or selling in WADENA, 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: 7,456  ·  Density: 21.1/mi²  ·  Median household income: $54,310

Typical home value: $163,294  ·  Homeownership: 64.9%

Market Overview

Active Listings
27
⇧ 17.4% vs 23 last year
Pending
12
44% pending ratio
Median Price
$242,888
⇩ 17.9% vs $295,850 last year
Average Price
$291,159
⇩ 1.4% vs $295,259 last year
Days on Market
35
⇩ 30% vs 50 days last year

Price Per Square Foot

Median $/sqft
$125
⇩ 10.1% vs $139/sqft last year
Median Home Size
1,883 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 23 last year
  • Days on market: 35 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $242,888 (-17.9% YoY)
  • Average: $291,159 (-1.4% 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 32.1 miles — 116 listings ($40,458,448 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56482Wadena, MN 564820.0 mi22$5,860,910$254,950$266,405
56527Deer Creek, MN 5652710.5 mi2$618,900$309,450$309,450
56567New York Mills, MN 5656712.1 mi11$3,199,207$264,900$290,837
56437Bertha, MN 5643715.4 mi5$1,248,900$200,000$249,780
56551Henning, MN 5655117.9 mi10$3,673,960$305,700$367,396
56464Menahga, MN 5646420.8 mi22$8,890,310$404,925$404,105
56361Parkers Prairie, MN 5636122.9 mi8$3,173,336$270,375$396,667
56440Clarissa, MN 5644023.8 mi3$388,350$129,450$129,450
56466Motley, MN 5646624.6 mi8$2,529,664$322,400$316,208
56438Browerville, MN 5643827.7 mi7$3,054,520$378,200$436,360
56354Miltona, MN 5635428.7 mi4$2,148,900$537,225$537,225
56544Frazee, MN 5654429.5 mi11$4,267,791$359,761$387,981
56319Carlos, MN 5631932.1 mi3$1,403,700$467,900$467,900

Frequently Asked Questions

How many homes are for sale in WADENA, MN 56482?

As of April 2026, there are 27 active listings in WADENA, MN (zip code 56482), compared to 23 the prior year.

What is the median home price in WADENA, MN 56482?

The median listing price in WADENA, MN 56482 is $242,888 as of April 2026, a 17.9% decrease from $295,850 the prior year.

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

Homes in WADENA, MN 56482 spend an average of 35 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in WADENA, MN 56482?

Based on current inventory and days-on-market data as of April 2026, WADENA, MN 56482 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 35 days on market compared to 50 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WADENA, MN 56482 save an estimated $4,858 compared to a typical 5% commission on the median listing price of $242,888. 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.