Is Waterville, MN 56096 a buyer’s or seller’s market?
Waterville is a seller’s market. With about 3.4 months of supply and 29% 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 57% of U.S. ZIP codes, and #219 of 307 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 July 31, 2026. See the breakdown
The Waterville housing market right now
In the three months ending August 31, 2026, 29% of homes in Waterville, MN 56096 sold above their list price, the typical home went under contract in 45 days and there were 3.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold more slowly (29 days then) and the median sale price rose 7% to $294,872. Overall, Waterville is about as competitive as it was a year ago.
Within Le Sueur County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Kilkenny 56052 (0% sold over asking) or Kasota 56050 (0% sold over asking), while Le Sueur 56058 (32% sold over asking) is even more competitive.
Run the numbers for 56096
Nearby markets
Cleveland 56017Seller’s market $211 /sq ftElysian 56028Balanced $253 /sq ftKasota 56050Buyer’s market $211 /sq ftKilkenny 56052Seller’s market $200 /sq ft Browse all markets →Towns like Waterville nearby
Find towns like Waterville in other states →Where Waterville is
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Questions about Waterville real estate
Is Waterville a buyer’s or seller’s market?
A seller’s market: there were 3.4 months of supply in Waterville, MN 56096 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 Waterville?
The typical home went under contract in 45 days in the latest three months.
Do homes in Waterville sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Waterville?
About 1.06% of a home’s value a year in Le Sueur County, or roughly $4,240 on a $400,000 home.
What is the median home price in Waterville?
The median sale price was $294,872 in the three months ending August 31, 2026, about $160 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