Wayzata, MN Home Prices — 2025 Guide
Real, current home price data for Wayzata — median values, price tiers by budget, bedroom breakdowns, and neighborhood comparisons from The PRO Team at RE/MAX RESULTS.
Median Home Price
$1,195,000
As of 2025
Price Per Sq Ft
$342
Median, single-family
Annual Appreciation
+5.8%
Year-over-year
Days on Market
24 days
Median time to offer
Home Price Ranges by Budget — Wayzata
Wayzata real estate spans a wide range of budgets. Here's how the market segments break down relative to the $1,195,000 median.
Entry-Level / Starter Homes
Entry-Level$575K – $815K
Condos, townhomes, and smaller single-family homes. Ideal for first-time buyers and downsizers looking for value and low maintenance.
Mid-Market / Move-Up Homes
Most Active$955K – $1.4M
3–4 bedroom single-family homes in established neighborhoods — the most active segment of the market with strong resale demand.
Premium Upper-Market
Premium$1.6M – $2.2M
4–5 bedroom homes with premium finishes, larger lots, and upgraded amenities in the best school zones.
Luxury & Estate Homes
Luxury$2.4M+
Custom estates, lakefront properties, and architecturally significant homes — often off-market or pre-marketed through luxury networks.
Price by Bedroom Count — Wayzata
Typical price ranges by bedroom count based on recent Wayzata sales. Actual prices vary by neighborhood, condition, and lot size.
Studio / 1 Bed
Condos & co-ops
$380K – $620K
2 Bedroom
Condos & townhomes
$620K – $895K
3 Bedroom
Single-family — most common
$930K – $1.3M
4 Bedroom
Move-up single-family
$1.3M – $1.7M
5+ Bedroom
Estate & luxury homes
$1.8M+
Price by Neighborhood
+5.8%
At this pace, today's median $1,195,000 home could be worth approximately $1.3M within a year.
Wayzata sellers benefit from the market's prestige premium and extreme scarcity. Properly marketed lakefront and village properties often attract competitive offers and achieve above-ask results, particularly in spring and early summer.
Price Analysis — Wayzata Real Estate
Wayzata is the highest-appreciating community in the Lake Minnetonka market, averaging 5.8% year-over-year. Limited inventory and rising demand from corporate relocation buyers keep the market exceptionally competitive.
- Median price: $1,195,000 — reflecting consistent, sustained buyer demand in Wayzata
- $342 per square foot — a reliable benchmark when comparing individual listings
- 24 median days on market — balanced conditions giving buyers time to evaluate carefully
- +5.8% annual appreciation — outpacing most national housing benchmarks
- 18+ active listings — inventory that favors sellers with scarcity driving strong offers
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* Price ranges are based on recent market activity and are informational only. Contact The PRO Team for a precise, personalized market analysis.
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