Market report, updated October 22, 2026

Wayzata New Construction Market Report

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Report prepared by LakeMinnetonkaRealEstate.com

(952) 473-1000

Wayzata Real Estate > Wayzata Market Report > Wayzata New Construction Market Report

Wayzata New Construction Market Report

This report follows newly built property 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

This report uses the MLS year-built field of 2026 or later, including proposed future construction. It does not guarantee that construction is complete. The cutoff should be revisited as new years arrive.

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

Market at a glance

Over the last 12 months, homes sold for 101.5% of list price in 198 days on average.

Homes sold per month

Closed sales, last 12 months.

0 O

0 N

0 D

0 J

0 F

0 M

0 A

0 M

0 J

1 J

0 A

0 S

Peak: 1 sale in Jul. Last month: 0.

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.

126.0months of inventory

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

Buyers have room to negotiate in this market.

Average price by status

Active$4.14M

Under contract$2.4M

Sold$2.62M

Average days on market

Active90 days

Under contract169 days

Sold198 days

Browse homes by status

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

Active homes

Currently for sale

Homes for sale 21

Average list price $4,135,122

Avg. days on market 90 days

Avg. price per ft² $1,033

Avg. living area 4,086 ft²

Avg. beds / baths 3.3 / 4.0

Price vs. living area

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

$30M$20M$10M$0

Price vs. living area: 21 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.

2 0–30 days

13 31–90

4 91–180

2 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

12 ≤3 bd

3 4 bd

5 5 bd

0 6 bd

1 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

2731 Gale Road$1,852

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

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
2731 Gale RoadWayzata, MN 55391	7	9	13,495	$25,000,000	$1,852	80 days
3705 Shore Drive NWayzata, MN 55391	4	6	6,256	$5,750,000	$919	47 days
2308 Huntington Point Road EWayzata, MN 55391	5	7	5,478	$4,922,000	$898	6 days
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
201 Lake Street E Unit 114Wayzata, MN 55391	2	3	2,512	$3,585,500	$1,427	84 days
109 Minnetonka Avenue SWayzata, MN 55391	4	3	4,349	$3,580,800	$823	34 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

Under contract homes

Pending and contingent sales

Homes under contract 1

Average list price $2,400,000

Avg. days on market 169 days

Avg. price per ft² $786

Avg. living area 3,050 ft²

Avg. beds / baths 4.0 / 3.0

Price vs. living area

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

$3M$2M$1M$0

Price vs. living area: 1 home plotted, up to $3M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

Days on market before going under contract

Number of homes by days on market.

0 0–30 days

0 31–90

1 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

0 ≤3 bd

1 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 1 home in this status.

1150 La Salle Street$786

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
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 2

Average sold price $2,623,846

Avg. days to sell 198 days

Sold vs. list price 101.5%

Avg. price per ft² $564

Avg. living area 4,727 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: 2 homes plotted, up to $6M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes took to sell

Number of homes by days on market.

0 0–30 days

0 31–90

0 91–180

2 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

0 ≤3 bd

1 4 bd

1 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 2 homes in this status.

207 Benton Avenue$696

18540 Azure Road$433

Sold price vs. list price

How close homes sold to their asking price.

100% sold at or above asking

0 Under 95%

0 95–98%

0 98–100%

1 100–102%

1 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
207 Benton AvenueWayzata, MN 55391	4	4	4,368	$3,043,852	102.6%	$696	185 days
18540 Azure RoadWayzata, MN 55391	5	5	5,086	$2,203,841	100.4%	$433	212 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.