$35,000
Land
Listing Office: United Country Real Estate Minnesota Properties
Is Wrenshall, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Wrenshall was a Seller's Market.
Key Takeaway
Wrenshall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wrenshall, MN
How much do homes in Wrenshall, MN cost?
Median Sold Price
$300,000
$206/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$150,850(-33.5%)
Key Takeaway
Homes in Wrenshall have sold for 33.5% less than they did a month ago.
Summary: The median home sold price in Wrenshall was $300,000 in October 2024, down 33.5% from last month, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $391.7K | - | N/A |
| 4 Bedrooms | $510K | $300K | -41.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wrenshall housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 41.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Twin Lakes Township | $400K | $365.5K | -8.6% |
| Wrenshall | $450.8K | $300K | -33.5% |
Housing Supply in Wrenshall, MN
How many homes are available in Wrenshall, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Wrenshall real estate market had 12 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Wrenshall housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
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 Wrenshall, 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 Wrenshall in October 2024, down by 50.0% 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 Wrenshall, MN
How long does it take to sell a home in Wrenshall, MN?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 84 Days | +1020.0% |
Summary: Homes in Wrenshall had an average of 84 days on market in Oct 2024, up by 1020% compared to last month.
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 Wrenshall has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Wrenshall; 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.
