Wayzata is a city in Hennepin county on the western side of the Minneapolis-Saint Paul metropolitan area. The name Wayzata is derived from a Lakota Sioux phrase meaning “North Shore.” With a population of 3,688 it is a popular tourist destination being located on the shores of Lake Minnetonka.
From May of 2015 to May of 2016 this is the most up to date information on what is happening in the Wayzata Real Estate Market. Statistics offered by the Minneapolis Area Association of Realtors.
|Median Sales Price||$379,450||$542,500||+43.0%|
|Days on the market||129||157||+21.7%|
|Months Supply of Inventory||7.9||5.9||-25.3%|
What this means for you if you’re selling your home:
It’s a very good time to sell your home if you live in Wayzata!
- Due to the small sample size we see larger than normal percentage changes between this year and last. There were a number of higher priced homes, some new construction that attributed to the large increase in home sale price. However in general it is safe to say that the homes in Wayzata do sell above the median sales price in the rest of the Twin Cities area.
See more Statistics on Wayzata Here
Back to the rest of the Twin Cities Real Estate Market Update Menu