Comprehensive market data and analysis• Updated Oct 2026
8.5 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 3 |
| 1-2 acres | - | 1 | 3 | 3 |
| 2-5 acres | - | 1 | 1 | 2 |
| 5-10 acres | - | 1 | 2 | 4 |
| 10-20 acres | - | 1 | 1 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 6 | 9 | 14 |
Acreage buckets
The median price for land in Wayzata, Minnesota is currently $398K per acre. For a typical parcel, the median sale price is $813K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $422K while premium lots reached $1.7M.
Wayzata, Minnesota is currently a balanced market with 8.5 months of supply. Conditions favor neither buyers nor sellers significantly.
Wayzata, Minnesota currently has 8.5 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Over the past 12 months, Wayzata, Minnesota saw 14 properties sold, totaling $13.8M in sales volume. In just the last 3 months, 6 properties changed hands.
There are currently 17 active listings in Wayzata, Minnesota. 8 new listings have hit the market in the last 90 days. The median asking price is $1.8M.
Land in Wayzata, Minnesota typically sells within 106 days of listing. The median time on market is 78 days. Properties are moving at a moderate pace in the current balanced market.
The current absorption rate in Wayzata, Minnesota is 11.8% (3-month basis), indicating moderate demand. The top-performing broker in this market is Recreate Real Estate LLC.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Wayzata on LandyDandy.
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