Market report, updated October 22, 2026

Wayzata Condo Market Report

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Report prepared by LakeMinnetonkaRealEstate.com

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Wayzata Real Estate > Wayzata Market Report > Wayzata Condo Market Report

Wayzata Condo Market Report

This report follows condominiums marketed with a Wayzata, Minnesota MLS city designation. The statistics and active, pending and sold listing tables are generated from the current MLS data; the closed-sale table covers the preceding 12 months.

How to Read This Market

Condominium pricing varies with the building, views, parking, floor plan and monthly association obligations. These figures include condominium and high-rise MLS property categories.

Explore related property listings or return to the Wayzata overall market report.

Market at a glance

Over the last 12 months, homes sold for 98.1% of list price in 92 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $1.35M Sold · $1.32M

$2M$1.4M$800K$200K

OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

1 O

3 N

2 D

0 J

1 F

1 M

3 A

5 M

7 J

2 J

1 A

3 S

Peak: 7 sales in Jun. Last month: 3.

Where the market stands

All homes in this report, by status.

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

7.4months of inventory

Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$2.13M

Under contract$3.23M

Sold$1.12M

Average days on market

Active65 days

Under contract14 days

Sold92 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale

Homes for sale 26

Average list price $2,127,401

Avg. days on market 65 days

Avg. price per ft² $969

Avg. living area 1,950 ft²

Avg. beds / baths 2.0 / 2.5

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$6M$4M$2M$0

Price vs. living area: 26 homes plotted, up to $6M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

3 0–30 days

18 31–90

4 91–180

1 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

26 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

201 Lake Street E Unit 111$1,532

201 Lake Street E Unit 104$1,451

201 Lake Street E Unit 114$1,427

201 Lake Street E Unit 311$1,420

201 Lake Street E Unit 307$1,401

201 Lake Street E Unit 301$1,400

201 Lake Street E Unit 115$1,394

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
201 Lake Street E Unit 115Wayzata, MN 55391	2	3	3,283	$4,577,750	$1,394	56 days
201 Lake Street E Unit 301Wayzata, MN 55391	2	3	3,236	$4,531,000	$1,400	85 days
935 Lake Street E Unit 403Wayzata, MN 55391	3	3	3,193	$3,995,000	$1,251	43 days
201 Lake Street E Unit 114Wayzata, MN 55391	2	3	2,512	$3,585,500	$1,427	84 days
201 Lake Street E Unit 213Wayzata, MN 55391	2	3	2,569	$3,534,375	$1,375	56 days
201 Lake Street E Unit 311Wayzata, MN 55391	2	3	2,400	$3,408,313	$1,420	56 days
201 Lake Street E Unit 307Wayzata, MN 55391	2	3	2,366	$3,316,400	$1,401	85 days
150 Broadway Avenue S Unit 3CWayzata, MN 55391	2	3	2,350	$3,195,000	$1,359	96 days
875 Lake Street N Unit 401Wayzata, MN 55391	3	4	2,836	$2,975,000	$1,049	48 days
150 Broadway Avenue S Unit 2AWayzata, MN 55391	2	3	2,246	$2,895,000	$1,288	96 days

Under contract homes

Pending and contingent sales

Homes under contract 2

Average list price $3,225,000

Avg. days on market 14 days

Avg. price per ft² $1,175

Avg. living area 2,680 ft²

Avg. beds / baths 2.0 / 3.0

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$6M$4M$2M$0

Price vs. living area: 2 homes plotted, up to $6M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

Days on market before going under contract

Number of homes by days on market.

2 0–30 days

0 31–90

0 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

2 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 2 homes in this status.

275 Lake Street E Unit 302$1,344

875 Lake Street N Unit 220$1,006

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
275 Lake Street E Unit 302Wayzata, MN 55391	2	3	3,125	$4,200,000	$1,344	15 days
875 Lake Street N Unit 220Wayzata, MN 55391	2	3	2,235	$2,250,000	$1,006	14 days

Sold homes

Closed in the last 12 months

Homes sold 31

Average sold price $1,116,217

Avg. days to sell 92 days

Sold vs. list price 98.1%

Avg. price per ft² $625

Avg. living area 1,515 ft²

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

$6M$4M$2M$0

Price vs. living area: 31 homes plotted, up to $6M and 3,000 ft².

0 ft²1,0002,0003,000 ft²

How long homes took to sell

Number of homes by days on market.

9 0–30 days

10 31–90

7 91–180

5 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

31 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

150 Broadway Avenue S Unit 3D$1,400

240 Minnetonka Avenue S Unit 304$1,189

540 Indian Mound Street Unit 3A$1,138

240 Minnetonka Avenue S Unit 304$1,131

240 Minnetonka Avenue S Unit 203$1,109

935 Lake Street E Unit 309$948

935 Lake Street E Unit 208$948

Sold price vs. list price

How close homes sold to their asking price.

23% sold at or above asking

5 Under 95%

12 95–98%

7 98–100%

4 100–102%

3 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
150 Broadway Avenue S Unit 3DWayzata, MN 55391	2	3	2,350	$3,291,699	103.0%	$1,400	364 days
240 Minnetonka Avenue S Unit 304Wayzata, MN 55391	2	3	2,562	$3,048,750	98.3%	$1,189	30 days
240 Minnetonka Avenue S Unit 304Wayzata, MN 55391	2	3	2,562	$2,900,000	98.3%	$1,131	0 days
240 Minnetonka Avenue S Unit 203Wayzata, MN 55391	2	2	2,433	$2,700,000	96.4%	$1,109	51 days
875 Lake Street N Unit 318Wayzata, MN 55391	3	3	2,730	$2,350,000	97.9%	$860	318 days
540 Indian Mound Street Unit 3AWayzata, MN 55391	2	2	1,800	$2,050,000	102.8%	$1,138	0 days
935 Lake Street E Unit 312Wayzata, MN 55391	3	3	2,057	$1,925,000	101.6%	$935	60 days
275 Lake Street E Unit 103Wayzata, MN 55391	2	3	2,093	$1,900,000	100.0%	$907	0 days
222 Ferndale Road S Unit 203Wayzata, MN 55391	2	3	2,482	$1,895,000	97.2%	$763	287 days
875 Lake Street N Unit 219Wayzata, MN 55391	2	3	1,800	$1,650,000	100.0%	$916	24 days

Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

LakeMinnetonkaRealEstate.com

Call (952) 473-1000

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.