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.
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
$375,791
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wright County have sold for 3.3% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Wright County, you may be able to get a good deal. 41% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Wright County are selling fast, if you're buying plan to act quickly.
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.
