Is Wabasso, MN 56293 a buyer’s or seller’s market?
Wabasso is a seller’s market. With about 0.6 months of supply and 0% 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.
The Wabasso housing market right now
In the three months ending August 31, 2026, 0% of homes in Wabasso, MN 56293 sold above their list price, the typical home went under contract in 10 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (47 days then) and the median sale price fell 9% to $172,425. Overall, Wabasso is more competitive than a year ago, so tougher for buyers.
Within Redwood County, homes here sell faster than in 88% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Lamberton 56152 (67% sold over asking) and Milroy 56263 (50% sold over asking) are even more competitive.
Run the numbers for 56293
Nearby markets
Belview 56214 — /sq ftClements 56224 — /sq ftLamberton 56152Seller’s market $90 /sq ftLucan 56255 $139 /sq ft Browse all markets →Towns like Wabasso nearby
Find towns like Wabasso in other states →Where Wabasso is
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Questions about Wabasso real estate
Is Wabasso a buyer’s or seller’s market?
A seller’s market: there were 0.6 months of supply in Wabasso, MN 56293 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 Wabasso?
The typical home went under contract in 10 days in the latest three months.
Do homes in Wabasso sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.
What are property taxes in Wabasso?
About 1.00% of a home’s value a year in Redwood County, or roughly $4,000 on a $400,000 home.
What is the median home price in Wabasso?
The median sale price was $172,425 in the three months ending August 31, 2026, about $103 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