Market report, updated October 22, 2026

Wayzata Luxury Market Report

Search in the city of Wayzata having price at least $1,000,000

Create your own market report

Report prepared by LakeMinnetonkaRealEstate.com

(952) 473-1000

Wayzata Real Estate > Wayzata Market Report > Wayzata Luxury Market Report

Wayzata Luxury Market Report

This report follows properties priced at $1 million or more 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

The luxury search includes homes, condominiums, townhomes and land, not just detached houses. Its $1 million minimum is an asking-price filter; closed-sale amounts may differ.

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

Market at a glance

Over the last 12 months, homes sold for 96.4% of list price in 114 days on average.

Average price, last 12 months

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

List · $3.48M Sold · $3.22M

$4.9M$3.8M$2.7M$1.6M

OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

6 O

6 N

10 D

4 J

1 F

5 M

11 A

8 M

7 J

13 J

11 A

16 S

Peak: 16 sales in Sep. Last month: 16.

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.

6.8months of inventory

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

Buyers have room to negotiate in this market.

Average price by status

Active$4.61M

Under contract$3.6M

Sold$2.67M

Average days on market

Active95 days

Under contract257 days

Sold114 days

Browse homes by status

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

Active homes

Currently for sale

Homes for sale 75

Average list price $4,614,460

Avg. days on market 95 days

Avg. price per ft² $860 Based on 66 of 75 homes

Avg. living area 5,242 ft² Based on 66 of 75 homes

Avg. beds / baths 3.9 / 4.7

Price vs. living area

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

9 homes didn’t report living area and aren’t shown.

1 home is larger or pricier than this chart’s scale and isn’t shown.

$30M$20M$10M$0

Price vs. living area: 65 homes plotted, up to $30M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

5 0–30 days

40 31–90

20 91–180

10 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

9 homes didn’t report bedrooms and aren’t shown.

25 ≤3 bd

20 4 bd

13 5 bd

3 6 bd

4 7 bd

1 8+ bd

Highest price per ft²

Top 7 homes in this status.

372 Ferndale Road S$2,133

1480 Bracketts Point Road$1,921

2731 Gale Road$1,852

2770 Gale Road$1,724

358 Ferndale Road S$1,658

201 Lake Street E Unit 111$1,532

201 Lake Street E Unit 104$1,451

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
2770 Gale RoadWayzata, MN 55391	8	18	28,990	$50,000,000	$1,724	272 days
372 Ferndale Road SWayzata, MN 55391	7	10	12,420	$26,500,000	$2,133	37 days
2731 Gale RoadWayzata, MN 55391	7	9	13,495	$25,000,000	$1,852	80 days
1480 Bracketts Point RoadWayzata, MN 55391	7	7	8,636	$16,595,000	$1,921	118 days
358 Ferndale Road SWayzata, MN 55391	4	8	9,921	$16,450,000	$1,658	182 days
1225 Shoreline DriveWayzata, MN 55391	6	7	6,385	$7,895,000	$1,236	26 days
1365 Bracketts Point RoadWayzata, MN 55391	—	—	—	$6,250,000	—	118 days
2505 Cedar Point DriveWayzata, MN 55391	4	6	9,683	$6,000,000	$619	264 days
326 Ferndale Road WWayzata, MN 55391	5	7	12,139	$5,922,000	$487	55 days
3705 Shore Drive NWayzata, MN 55391	4	6	6,256	$5,750,000	$919	47 days

Under contract homes

Pending and contingent sales

Homes under contract 14

Average list price $3,598,125

Avg. days on market 257 days

Avg. price per ft² $772 Based on 12 of 14 homes

Avg. living area 4,403 ft² Based on 12 of 14 homes

Avg. beds / baths 3.9 / 4.3

Price vs. living area

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

2 homes didn’t report living area and aren’t shown.

$9M$6M$3M$0

Price vs. living area: 12 homes plotted, up to $9M and 9,000 ft².

0 ft²3,0006,0009,000 ft²

Days on market before going under contract

Number of homes by days on market.

2 0–30 days

6 31–90

3 91–180

0 181–365

3 365+

Bedroom mix

Number of homes by bedroom count.

2 homes didn’t report bedrooms and aren’t shown.

3 ≤3 bd

6 4 bd

2 5 bd

1 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

275 Lake Street E Unit 302$1,344

139 Westwood Lane$1,333

875 Lake Street N Unit 220$1,006

172 Westwood Lane$906

207 Walker Avenue S$842

1150 La Salle Street$786

3035 Casco Point Road$750

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
139 Westwood LaneWayzata, MN 55391	5	5	5,855	$7,809,755	$1,333	625 days
555 Bushaway RoadWayzata, MN 55391	—	—	—	$5,595,000	—	38 days
535 Bushaway RoadWayzata, MN 55391	—	—	—	$5,395,000	—	38 days
172 Westwood LaneWayzata, MN 55391	4	4	4,964	$4,500,000	$906	647 days
465 Spring Hill RoadWayzata, MN 55391	4	6	6,715	$4,395,000	$654	95 days
275 Lake Street E Unit 302Wayzata, MN 55391	2	3	3,125	$4,200,000	$1,344	15 days
3035 Casco Point RoadWayzata, MN 55391	4	4	4,466	$3,350,000	$750	143 days
207 Walker Avenue SWayzata, MN 55391	3	5	3,857	$3,250,000	$842	65 days
641 Park Street EWayzata, MN 55391	4	5	4,717	$2,440,000	$517	36 days
1150 La Salle StreetWayzata, MN 55391	4	3	3,050	$2,400,000	$786	169 days

Sold homes

Closed in the last 12 months

Homes sold 102

Average sold price $2,672,445

Avg. days to sell 114 days Based on 101 of 102 homes

Sold vs. list price 96.4%

Avg. price per ft² $626 Based on 100 of 102 homes

Avg. living area 4,671 ft² Based on 100 of 102 homes

Price vs. living area

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

2 homes didn’t report living area and aren’t shown.

2 homes are larger or pricier than this chart’s scale and aren’t shown.

$9M$6M$3M$0

Price vs. living area: 98 homes plotted, up to $9M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes took to sell

Number of homes by days on market.

1 home didn’t report days on market and isn’t shown.

11 0–30 days

49 31–90

25 91–180

12 181–365

4 365+

Bedroom mix

Number of homes by bedroom count.

2 homes didn’t report bedrooms and aren’t shown.

38 ≤3 bd

26 4 bd

27 5 bd

7 6 bd

1 7 bd

1 8+ bd

Highest price per ft²

Top 7 homes in this status.

2178 Shadywood Road$1,960

150 Broadway Avenue S Unit 3D$1,400

2492 Bantas Point Road$1,342

547 Harrington Road$1,313

520 Ferndale Road W$1,284

2222 Huntington Point Road W$1,224

240 Minnetonka Avenue S Unit 304$1,189

Sold price vs. list price

How close homes sold to their asking price.

32% sold at or above asking

30 Under 95%

30 95–98%

9 98–100%

21 100–102%

12 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
3655 Northome RoadWayzata, MN 55391	8	11	11,339	$9,125,000	83.7%	$804	112 days
547 Harrington RoadWayzata, MN 55391	5	5	6,471	$8,500,000	86.3%	$1,313	360 days
2222 Huntington Point Road WWayzata, MN 55391	5	6	6,532	$8,000,000	100.0%	$1,224	—
1300 Bracketts Point RoadWayzata, MN 55391	6	7	7,396	$6,800,000	75.6%	$919	148 days
2634 Crosby RoadWayzata, MN 55391	4	6	7,386	$6,606,000	102.1%	$894	88 days
964 E Shady LaneWayzata, MN 55391	5	7	7,525	$6,530,000	100.0%	$867	0 days
2740 Gale RoadWayzata, MN 55391	5	4	6,002	$6,500,000	100.0%	$1,082	82 days
520 Ferndale Road WWayzata, MN 55391	4	4	4,982	$6,400,000	98.5%	$1,284	37 days
1105 Tanager HillWayzata, MN 55391	6	9	11,117	$5,995,000	92.2%	$539	74 days
546 Harrington RoadWayzata, MN 55391	5	7	10,130	$5,500,000	100.0%	$542	121 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

Next steps

How much is your home worth?

...get instant property value now!

Free and instant. We can follow up with a detailed valuation.

County

City

School district

Beds

Baths

Price

Max List Price

Property Type Home Condo Townhouse Land

Advanced Search

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.