Hennepin County, Minnesota

Wayzata, MN Real Estate Market Report 2026

Track Wayzata, MN housing market trends — median prices, days on market, appreciation rates, and expert analysis from The PRO Team at RE/MAX RESULTS.

Overview Market Trends Home Prices Neighborhoods Schools Buyer Guide Seller Guide Relocation Things to Do Luxury Homes Commute

Wayzata Housing Market Snapshot

Current market data for Wayzata, MN — updated regularly by The PRO Team at RE/MAX RESULTS.

Median Home Price

$1,195,000

As of 2025

Avg Days on Market

24 days

Median, all home types

Active Listings

18+

Currently available

Price Per Sq Ft

$342

Median single-family

Year-Over-Year Change

+5.8%

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.

Market Conditions

Median home price: $1,195,000 — representing strong demand in the Wayzata market
Average days on market: 24 — a balanced, moderately competitive market
Price appreciation: +5.8% year-over-year, indicating positive momentum and continued buyer demand
18+ active listings across all home types at any given time
$342 price per square foot — useful benchmark for evaluating any specific listing

Price Ranges by Segment

Wayzata Bay Shores$2M – $8M+

Downtown Wayzata$600K – $1.8M

Ferndale Road Corridor$1.5M – $5M

Wayzata Hills$800K – $1.6M

Expert Market Analysis

Wayzata is part of the broader West Metro Twin Cities market, which consistently outperforms the national average for residential appreciation. Buyers benefit from strong resale values, excellent infrastructure, and high quality of life — all factors that sustain long-term demand.

For Buyers

Wayzata draws discerning luxury buyers — corporate executives, professionals relocating from coastal markets, and buyers who want maximum lifestyle amenity in a walkable village setting with direct lake access.

Search Wayzata Homes

For Sellers

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.

Get Your Home Value

Search Wayzata Homes on MLS

Browse every active listing — updated every 15 minutes with new listings, price changes, and coming-soon homes.

* Market data is for informational purposes. Contact The PRO Team for a personalized, real-time analysis.

Frequently Asked Questions

Common questions about Wayzata real estate market trends from buyers and sellers.

Is it a buyer's or seller's market in Wayzata right now?

Wayzata is currently operating in a more balanced market. Homes are averaging 24 days on market, and year-over-year appreciation stands at +5.8%. Wayzata is the highest-appreciating community in the Lake Minnetonka market, averaging 5.8% year-over-year. The PRO Team provides up-to-date absorption rate analysis on request.

What is the price per square foot in Wayzata?

Wayzata's current median price per square foot is $342. This varies significantly by neighborhood, home age, and condition — newer construction and lake-proximity properties typically command a meaningful premium above this figure. The PRO Team can provide a property-specific price-per-square-foot comparison for any home you're evaluating.

How has the Wayzata real estate market changed in the past year?

Wayzata home values have moved +5.8% year-over-year. 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. Active inventory stands at approximately 18 listings, which represents a tight supply environment.

What is the average days on market for homes in Wayzata?

Wayzata homes are currently selling in an average of 24 days on market. Well-priced, move-in-ready homes in desirable neighborhoods often sell faster. Homes that are overpriced or need significant work tend to sit longer. The PRO Team's market expertise helps both buyers and sellers calibrate to realistic timelines.

Home Valuation

What's Your Wayzata Home Really Worth?

Get a no-obligation valuation from a local Wayzata expert — not Zillow's algorithm. We pull real comparables, account for your home's specific features, and deliver a number you can actually plan around.