$5,641 Closing Credit*
$475,000
2,390 SqFt
3 Beds
•1 Full Bath
Listing Office: Edina Realty, Inc.
Is Wright County, 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, Wright County was a Seller's Market.
Key Takeaway
Wright County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wright County, MN
How much do homes in Wright County, MN cost?
Median Sold Price
$375,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,088(+0.3%)
Key Takeaway
The sold price of homes in Wright County has remained the same since last year.
Summary: The median home sold price in Wright County was $375,000 in November 2024, up 0.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304.7K | $253K | -17.0% |
| 2 Bedrooms | $275.6K | $295.6K | +7.2% |
| 3 Bedrooms | $339.5K | $342.8K | +1.0% |
| 4 Bedrooms | $420K | $423.9K | +0.9% |
| 5+ Bedrooms | $463.5K | $473K | +2.1% |
Summary: Wright County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $255K | $282.5K | +10.8% |
| Stearns County | $267.1K | $279.9K | +4.8% |
| Sherburne County | $356.3K | $372.5K | +4.5% |
| Hennepin County | $372.7K | $381.4K | +2.3% |
| Wright County | $373.9K | $375K | 0.3% |
Housing Supply in Wright County, MN
How many homes are available in Wright County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 787 | 792 | +0.6% |
Summary: The Wright County real estate market had 792 homes for sale in November 2024, a 0.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 12 | -7.7% |
| 2 Bedrooms | 126 | 124 | -1.6% |
| 3 Bedrooms | 262 | 260 | -0.8% |
| 4 Bedrooms | 272 | 270 | -0.7% |
| 5+ Bedrooms | 114 | 126 | +10.5% |
Summary: The Wright County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 186 | 128 | -31.2% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wright County, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 128 homes were sold or pending in Wright County in November 2024, down by 31.2% month-over-month. Of the 128 sold homes, 41% were sold under asking, 35% were sold at asking, and 23% were sold over asking.
Days on Market for Wright County, MN
How long does it take to sell a home in Wright County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 43 Days | +15.1% |
Summary: Homes in Wright County had an average of 43 days on market in Nov 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wright County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 128 homes were sold in Wright County; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
