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WABASHA, MN 55981

Real Estate Market Report  ·  Wabasha County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The WABASHA, MN real estate market (55981) currently shows 21 active listings, with 7 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are selling faster, averaging 49 days on market compared to 114 days last year.

The median listing price has risen 4.8% year-over-year, from $332,900 to $349,000.

Whether you are buying or selling in WABASHA, 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: 3,869  ·  Density: 29.3/mi²  ·  Median household income: $67,472

Typical home value: $222,286  ·  Homeownership: 79.6%

Market Overview

Active Listings
21
⇧ 75% vs 12 last year
Pending
7
33% pending ratio
Median Price
$349,000
⇧ 4.8% vs $332,900 last year
Average Price
$349,235
⇩ 29.2% vs $492,950 last year
Days on Market
49
⇩ 57% vs 114 days last year

Price Per Square Foot

Median $/sqft
$206
⇧ 36.4% vs $151/sqft last year
Median Home Size
1,558 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 12 last year
  • Days on market: 49 now vs 114 last year

Median & Average Pricing

Year over Year
  • Median: $349,000 (+4.8% YoY)
  • Average: $349,235 (-29.2% 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 25.4 miles — 163 listings ($67,930,069 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55981Wabasha, MN 559810.0 mi16$5,075,008$344,900$317,188
54756Nelson, WI 547569.5 mi1$260,588$260,588$260,588
54610Alma, WI 5461011.9 mi6$2,468,898$329,950$411,483
55041Lake City, MN 5504112.9 mi22$10,643,600$439,950$483,800
55964Plainview, MN 5596413.8 mi17$5,012,943$287,450$294,879
55910Altura, MN 5591015.9 mi1$394,900$394,900$394,900
55991Zumbro Falls, MN 5599118.7 mi1$649,900$649,900$649,900
54736Durand, WI 5473619.0 mi14$2,561,692$189,900$182,978
54761Plum City, WI 5476119.7 mi1$78,000$78,000$78,000
55959Minnesota City, MN 5595921.7 mi2$680,000$340,000$340,000
55906Rochester, MN 5590623.8 mi71$36,310,110$362,450$511,410
54755Mondovi, WI 5475524.4 mi10$3,495,930$325,000$349,593
54737Eau Galle, WI 5473725.4 mi1$298,500$298,500$298,500

Frequently Asked Questions

How many homes are for sale in WABASHA, MN 55981?

As of February 2026, there are 21 active listings in WABASHA, MN (zip code 55981), compared to 12 the prior year.

What is the median home price in WABASHA, MN 55981?

The median listing price in WABASHA, MN 55981 is $349,000 as of February 2026, a 4.8% increase from $332,900 the prior year.

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

Homes in WABASHA, MN 55981 spend an average of 49 days on the market before going under contract, compared to 114 days the prior year.

Is it a seller's or buyer's market in WABASHA, MN 55981?

Based on current inventory and days-on-market data as of February 2026, WABASHA, MN 55981 is currently a Balanced Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are selling faster, averaging 49 days on market compared to 114 days last year.

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

With SELL123.com's maximum 3% commission, sellers in WABASHA, MN 55981 save an estimated $6,980 compared to a typical 5% commission on the median listing price of $349,000. 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.