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Wayzata, MN 55391 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Wayzata, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.14
ActiveActive listings: 4444PendingPending sales: 66
Wayzata, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $2.5M$2.5MSoldMedian sold price (last 6 months): $1.05M$1.05M
What homes actually sell for in Wayzata, MN
Distribution of 224 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $600k to $1.95M
$325k to $853k: 82 sales82sales$325k$853k to $1.38M: 42 sales$1.38M to $1.91M: 31 sales$1.38M$1.91M to $2.44M: 17 sales$2.44M to $2.97M: 13 sales$2.44M$2.97M to $3.49M: 6 sales$3.49M to $4.02M: 7 sales$3.49M$4.02M to $4.55M: 3 salesMedian $1.05M

What the numbers say

As of October 5, 2026, Resideline is tracking 44 active listings and 6 pending sales in ZIP code 55391. That pending-to-active ratio of 0.14 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $2,497,000, while the median of the 224 closed sales Resideline tracked over the last six months was $1,050,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55391 for 66 days.

Frequently asked questions

What is the median home price in 55391?

The median closed sale price in Wayzata, MN 55391 was $1,050,000 over the last six months, based on 224 closed sales tracked by Resideline. The middle half of those sales ranged from $600,000 to $1,950,000.

Is 55391 a buyer's or seller's market?

Resideline is currently tracking 6 pending sales against 44 active listings in 55391, a pending-to-active ratio of 0.14. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55391 currently looks like a balanced market.

Nearby ZIP code market data

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