Market report, updated October 22, 2026

Wayzata Rental Market Report

Commercial (rental), Condo (rental), Highrise (rental), Manufactured Home (Rental), Multifamily (rental), Single Family (rental), Townhome (rental) search in the city of Wayzata

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Report prepared by LakeMinnetonkaRealEstate.com

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Wayzata Real Estate > Wayzata Market Report > Wayzata Rental Market Report

Wayzata Rental Market Report

This report follows rental properties 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

These are rental listings, not sale-price transactions. Rent varies by lease length, furnishings, included utilities and whether access to lakefront amenities is part of the lease.

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 80 days on average.

Average price, last 12 months

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

List · $3K Sold · $3K

$12K$9K$6K$3K

OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

0 O

1 N

3 D

1 J

2 F

2 M

3 A

1 M

0 J

8 J

2 A

2 S

Peak: 8 sales in Jul. Last month: 2.

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.

4.1months of inventory

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

Supply and demand are roughly in balance in this market.

Average price by status

Active$8K

Under contract$3K

Sold$6K

Average days on market

Active121 days

Under contract66 days

Sold80 days

Browse homes by status

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

Active homes

Currently for sale

Homes for sale 11

Average list price $7,961

Avg. days on market 121 days

Avg. price per ft² $2

Avg. living area 2,971 ft²

Avg. beds / baths 3.2 / 3.4

Price vs. living area

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

$15K$10K$5K$0

Price vs. living area: 11 homes plotted, up to $15K and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

1 0–30 days

7 31–90

0 91–180

3 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

6 ≤3 bd

5 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

222 Ferndale Road S Unit 304$3

222 Ferndale Road S Unit 303$3

935 Lake Street E Unit 202$3

253 Lake Street E Unit 307$3

1032 Gardner Street E$2

3465 Deephaven Avenue$2

1022 Gardner Street E$2

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
1032 Gardner Street EWayzata, MN 55391	4	4	3,735	$9,995	$2	332 days
3465 Deephaven AvenueWayzata, MN 55391	4	3	3,503	$9,600	$2	50 days
1022 Gardner Street EWayzata, MN 55391	4	4	4,472	$8,995	$2	42 days
745 Rice Street EWayzata, MN 55391	3	3	3,428	$8,500	$2	35 days
222 Ferndale Road S Unit 304Wayzata, MN 55391	2	3	2,220	$8,500	$3	38 days
222 Ferndale Road S Unit 303Wayzata, MN 55391	2	3	2,310	$8,500	$3	38 days
935 Lake Street E Unit 202Wayzata, MN 55391	2	3	2,252	$8,000	$3	52 days
253 Lake Street E Unit 307Wayzata, MN 55391	3	2	1,914	$7,495	$3	73 days
1021 Gardner Street EWayzata, MN 55391	4	4	2,780	$6,500	$2	332 days
1013 Gardner StreetWayzata, MN 55391	3	4	2,469	$5,995	$2	332 days

Under contract homes

Pending and contingent sales

Homes under contract 1

Average list price $2,800

Avg. days on market 66 days

Avg. price per ft² $1

Avg. living area 1,790 ft²

Avg. beds / baths 3.0 / 3.0

Price vs. living area

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

$3K$2K$1K$0

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

0 ft²1,0002,0003,000 ft²

Days on market before going under contract

Number of homes by days on market.

0 0–30 days

1 31–90

0 91–180

0 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

1 ≤3 bd

0 4 bd

0 5 bd

0 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 1 home in this status.

330 Pondridge Circle$1

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
330 Pondridge CircleWayzata, MN 55391	3	3	1,790	$2,800	$1	66 days

Sold homes

Closed in the last 12 months

Homes sold 28

Average sold price $5,581

Avg. days to sell 80 days

Sold vs. list price 101.5%

Avg. price per ft² $2

Avg. living area 2,286 ft²

Price vs. living area

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

$15K$10K$5K$0

Price vs. living area: 28 homes plotted, up to $15K and 9,000 ft².

0 ft²3,0006,0009,000 ft²

How long homes took to sell

Number of homes by days on market.

7 0–30 days

12 31–90

7 91–180

2 181–365

0 365+

Bedroom mix

Number of homes by bedroom count.

25 ≤3 bd

1 4 bd

1 5 bd

1 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

253 Lake Street E Unit 208$4

745 Rice Street E$3

222 Ferndale Road Unit 103$3

222 Ferndale Road S Unit 207$3

875 Lake Street N Unit 310$3

253 Lake Street E Unit 309$3

Sold price vs. list price

How close homes sold to their asking price.

82% sold at or above asking

3 Under 95%

1 95–98%

1 98–100%

16 100–102%

7 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
2462 LafayetteWayzata, MN 55391	6	6	7,181	$14,995	100.0%	$2	165 days
745 Rice Street EWayzata, MN 55391	3	3	3,428	$10,600	132.5%	$3	103 days
3115 N Shore DriveWayzata, MN 55391	3	4	3,888	$10,000	100.0%	$2	6 days
222 Ferndale Road Unit 103Wayzata, MN 55391	2	3	2,600	$8,000	100.0%	$3	0 days
253 Lake Street E Unit 208Wayzata, MN 55391	2	3	1,820	$7,995	99.9%	$4	111 days
253 Lake Street E Unit 208Wayzata, MN 55391	2	3	1,820	$7,760	102.8%	$4	183 days
222 Ferndale Road S Unit 207Wayzata, MN 55391	2	3	2,220	$7,500	100.0%	$3	144 days
2648 Casco Point RoadWayzata, MN 55391	3	4	3,990	$7,500	93.8%	$1	183 days
875 Lake Street N Unit 310Wayzata, MN 55391	2	3	2,170	$6,995	100.0%	$3	74 days
253 Lake Street E Unit 309Wayzata, MN 55391	2	2	2,016	$6,287	100.9%	$3	174 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.