Is Wabasha, MN 55981 a buyer’s or seller’s market?

The Wabasha housing market right now

In the three months ending August 31, 2026, 14% of homes in Wabasha, MN 55981 sold above their list price, the typical home went under contract in 54 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 35%, homes sold more slowly (48 days then) and the median sale price rose 11% to $309,866. Overall, Wabasha is less competitive than a year ago, which gives buyers more room.

Within Wabasha County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 67%. On our competition score, Wabasha ranks #269 of 296 MN ZIP codes with enough sales (score 35 out of 100).

Nearby, buyers who want less competition could look at Millville 55957 (0% sold over asking) or Kellogg 55945 (0% sold over asking), while Zumbro Falls 55991 (43% sold over asking) and Plainview 55964 (33% sold over asking) are even more competitive.