$4,155 Closing Credit*
$349,900
2,376 SqFt
5 Beds
•1 Full Bath
Listing Office: LaBelle Real Estate Group 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 October 2023
Since last year, Wright County has remained a Seller's Market.
Key Takeaway
Wright County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wright County, MN
How much do homes in Wright County, MN cost?
Median Sold Price
$374,837
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$148(0%)
Key Takeaway
The sold price of homes in Wright County has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $194.5K | $264K | +35.7% |
| 2 Bedrooms | $284.6K | $293K | +2.9% |
| 3 Bedrooms | $338.3K | $344.3K | +1.8% |
| 4 Bedrooms | $420.5K | $420K | -0.1% |
| 5+ Bedrooms | $466.6K | $471.6K | +1.1% |
Summary: Wright County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $252K | $267.5K | +6.2% |
| Stearns County | $266.6K | $279.9K | +5.0% |
| Sherburne County | $355K | $369.9K | +4.2% |
| Hennepin County | $370.4K | $380.3K | +2.7% |
| Wright County | $374.9K | $374.8K | 0% |
Housing Supply in Wright County, MN
How many homes are available in Wright County, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 817 | 888 | +8.7% |
Summary: The Wright County real estate market had 888 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 15 | -16.7% |
| 2 Bedrooms | 126 | 139 | +10.3% |
| 3 Bedrooms | 267 | 285 | +6.7% |
| 4 Bedrooms | 284 | 316 | +11.3% |
| 5+ Bedrooms | 122 | 133 | +9.0% |
Summary: The Wright County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 166 | 170 | +2.4% |
Asking Price vs. Sold Price
77 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
48 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. 45.3% of homes here sold below asking price last month.
Summary: A total of 170 homes were sold or pending in Wright County in October 2024, up by 2.4% month-over-month. Of the 170 sold homes, 45% were sold under asking, 26% were sold at asking, and 28% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +6.6% |
Summary: Homes in Wright County had an average of 31 days on market in Oct 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
14 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 October 2024, 170 homes were sold in Wright County; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
