Is Waite Park, MN 56387 a buyer’s or seller’s market?

The Waite Park housing market right now

In the three months ending August 31, 2026, 33% of homes in Waite Park, MN 56387 sold above their list price, the typical home went under contract in 25 days and there were 1.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 31 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (33% then), homes sold more slowly (23 days then) and the median sale price rose 9% to $263,636. Overall, Waite Park is about as competitive as it was a year ago.

Within Stearns County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Waite Park ranks #174 of 296 MN ZIP codes with enough sales (score 64 out of 100).

Nearby, buyers who want less competition could look at Saint Stephen 56375 (0% sold over asking) or New Munich 56356 (0% sold over asking), while Holdingford 56340 (38% sold over asking) and Cold Spring 56320 (36% sold over asking) are even more competitive.