Is Waseca, MN 56093 a buyer’s or seller’s market?
Waseca is a seller’s market. With about 1.3 months of supply and 24% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 62% of U.S. ZIP codes, and #202 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Waseca housing market right now
In the three months ending August 31, 2026, 24% of homes in Waseca, MN 56093 sold above their list price, the typical home went under contract in 30 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 51 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold more slowly (26 days then) and the median sale price rose 16% to $245,894. Overall, Waseca is about as competitive as it was a year ago.
On our competition score, Waseca ranks #202 of 296 MN ZIP codes with enough sales (score 60 out of 100).
Nearby, buyers who want less competition could look at Waldorf 56091 (0% sold over asking), while Janesville 56048 (56% sold over asking) and New Richland 56072 (29% sold over asking) are even more competitive.
Run the numbers for 56093
Nearby markets
Janesville 56048Seller’s market $159 /sq ftNew Richland 56072Seller’s market $142 /sq ftWaldorf 56091Seller’s market $108 /sq ft Browse all markets →Towns like Waseca nearby
Find towns like Waseca in other states →Where Waseca is
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Questions about Waseca real estate
Is Waseca a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Waseca, MN 56093 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Waseca?
The typical home went under contract in 30 days in the latest three months.
Do homes in Waseca sell over asking?
24% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Waseca?
About 1.18% of a home’s value a year in Waseca County, or roughly $4,720 on a $400,000 home.
What is the median home price in Waseca?
The median sale price was $245,894 in the three months ending August 31, 2026, about $144 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology