Is Wright County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Wright County has remained a Seller's Market.
Housing Prices in Wright County, MN
How much do homes in Wright County, MN cost?
Median Sold Price
$375,791
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Wright County was $375,791 in April 2024, up 3.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $284K | +89.3% |
2 Bedrooms | $274.9K | $285K | +3.7% |
3 Bedrooms | $327K | $340.4K | +4.1% |
4 Bedrooms | $406.4K | $424.6K | +4.5% |
5+ Bedrooms | $461K | $460K | -0.2% |
Summary: Wright County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.3%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
Meeker County | $242K | $264.2K | +9.2% |
Wright County | $363.6K | $375.7K | +3.3% |
Stearns County | $261.4K | $270K | +3.3% |
Hennepin County | $368.9K | $375.2K | +1.7% |
Sherburne County | $360K | $360.8K | 0.2% |
Housing Supply in Wright County, MN
How many homes are available in Wright County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
628 | 791 | +26.0% |
Summary: The Wright County real estate market had 791 homes for sale in April 2024, a 26.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 99 | 119 | +20.2% |
3 Bedrooms | 189 | 237 | +25.4% |
4 Bedrooms | 227 | 285 | +25.6% |
5+ Bedrooms | 100 | 137 | +37.0% |
Summary: The Wright County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.2%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 37%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 144 | +28.6% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 144 homes were sold or pending in Wright County in April 2024, up by 28.6% month-over-month. Of the 144 sold homes, 41% were sold under asking, 27% were sold at asking, and 32% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 42 Days | -12.0% |
Summary: Homes in Wright County had an average of 42 days on market in Apr 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During April 2024, 144 homes were sold in Wright County; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.