Real Estate Market Update for 55391 (Wayzata, MN)
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Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 2% from one year earlier, and up 7% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was 950-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 18%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 400-thousand dollars. The number of units sold was consistent year-over-year, and increased 8% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 55391 (Wayzata, MN)
Area Information for 55391 (Wayzata, MN)
  • Population: 14,713
  • Median Age: 46.1 yr
  • Median Commute Time: 21.55 mins
  • Educational Climate*: 5
  • Sales Tax: 7.275%
  • Population Density: 866/sq mi
  • Population Change Since 2000: -2.81%
  • Closest Airport: Minneapolis-st Paul International/wold-chamberlain
  • Closest College: Cardinal Stritch University
  • Closest Jr. College: Hennepin Technical Cllg-brooklyn Park
  • Median Household Income: $101,978
  • Annual Residential Turnover: 18.6%
  • Median Years in Residence: 4.37 yr
  • Median Home Sales Price: $417,000
  • Closest Major Sports Team: Twins
  • Change Avg. Household Income Since 2000: 25%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 55391 (Wayzata, MN)
Median Age: 46.1 Married: 45% Number of Households: 6,065 Households with Children: 1,707
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 55391 (Wayzata, MN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Redeemer Lutheran School 0.1 mi Private PRESCHOOL-8 0 5
      Wayzata West Middle School 0.5 mi Public 6-8 5 4
      St. Bartholomew Catholic School 0.8 mi Catholic PRESCHOOL-6 0 5
      Holy Name Of Jesus School 2.5 mi Catholic PRESCHOOL-6 0 4
      Step By Step Montessori 2.6 mi Private PRESCHOOL-K 0 0
      St. Therese School 2.8 mi Catholic PRESCHOOL-8 0 4
      Deephaven Elementary School 3.7 mi Public K-5 5 5
      Calvary Memorial Christian School 5.5 mi Private PRESCHOOL-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 55391 (Wayzata, MN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.