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WACONIA, MN 55387

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

Market Analysis

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

The WACONIA, MN real estate market (55387) currently shows 55 active listings, with 25 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 32 days on market compared to 76 days last year.

The median listing price has fallen 6.5% year-over-year, from $570,975 to $533,700.

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.

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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
55
⇩ 20.3% vs 69 last year
Pending
25
45% pending ratio
Median Price
$533,700
⇩ 6.5% vs $570,975 last year
Average Price
$534,555
⇩ 16.1% vs $636,825 last year
Days on Market
32
⇩ 57.9% vs 76 days last year

Price Per Square Foot

Median $/sqft
$212
⇩ 7.4% vs $229/sqft last year
Median Home Size
2,333 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 55 this year vs 69 last year
  • Days on market: 32 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $533,700 (-6.5% YoY)
  • Average: $534,555 (-16.1% 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 — 342 listings ($297,527,152 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55387Waconia, MN 553870.0 mi46$24,433,912$550,000$531,172
55386Victoria, MN 553865.6 mi26$19,372,756$729,900$745,106
55388Watertown, MN 553887.3 mi21$9,154,551$424,900$435,931
55364Mound, MN 553647.7 mi57$60,323,955$492,500$1,058,315
55397Young America, MN 553978.1 mi5$1,549,700$330,000$309,940
55384Spring Park, MN 553849.1 mi13$10,657,400$555,000$819,800
55367New Germany, MN 553679.9 mi2$1,950,000$975,000$975,000
55359Maple Plain, MN 5535910.9 mi28$51,470,944$2,012,500$1,838,248
55328Delano, MN 5532812.3 mi68$50,289,400$500,000$739,550
55356Long Lake, MN 5535613.5 mi27$47,930,724$649,900$1,775,212
55370Plato, MN 5537013.8 mi1$659,900$659,900$659,900
55363Montrose, MN 5536314.5 mi30$11,059,170$396,900$368,639
55346Eden Prairie, MN 5534614.6 mi18$8,674,740$489,900$481,930

Frequently Asked Questions

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

As of February 2026, there are 55 active listings in WACONIA, MN (zip code 55387), compared to 69 the prior year.

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

The median listing price in WACONIA, MN 55387 is $533,700 as of February 2026, a 6.5% decrease from $570,975 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 76 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 February 2026, WACONIA, MN 55387 is currently a Seller's Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 32 days on market compared to 76 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 $10,674 compared to a typical 5% commission on the median listing price of $533,700. 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.