$5,936 Closing Credit*
$499,900
3,366 SqFt
5 Beds
•3 Full Baths
Listing Office: Weichert, REALTORS- Heartland
Is Wells Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Wells Township was a Seller's Market.
Key Takeaway
Wells Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wells Township, MN
How much do homes in Wells Township, MN cost?
Median Sold Price
$280,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$94,100(+50.6%)
Key Takeaway
Homes in Wells Township have sold for 50.6% more than they did a year ago.
Summary: The median home sold price in Wells Township was $280,000 in November 2024, up 50.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $350K | +233.3% |
| 2 Bedrooms | $132K | $125K | -5.3% |
| 3 Bedrooms | $235.5K | $227.5K | -3.4% |
| 4 Bedrooms | $183.2K | $365.5K | +99.5% |
| 5+ Bedrooms | $300K | $282.9K | -5.7% |
Summary: Wells Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 233.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 99.5%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Wells Township | $185.9K | $280K | +50.6% |
| Faribault | $269.5K | $299.9K | +11.3% |
| Shieldsville Township | $555K | $533.7K | -3.8% |
Housing Supply in Wells Township, MN
How many homes are available in Wells Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Summary: The Wells Township real estate market had 17 homes for sale in November 2024, a 26.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Wells Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 1 | -87.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wells Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Wells Township in November 2024, down by 87.5% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wells Township, MN
How long does it take to sell a home in Wells Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 81 Days | +343.8% |
Summary: Homes in Wells Township had an average of 81 days on market in Nov 2024, up by 343.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wells Township has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Wells Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
