Is Wright County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$377,393
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wright County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Wright County was $377,393 in March 2024, up 4.8% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $284K | +95.9% |
| 2 Bedrooms | $270.8K | $285K | +5.2% |
| 3 Bedrooms | $326.8K | $340.6K | +4.2% |
| 4 Bedrooms | $404.4K | $424.9K | +5.1% |
| 5+ Bedrooms | $462.3K | $469.9K | +1.7% |
Summary: Wright County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.9%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Counties
| Meeker County | $234.5K | $264.7K | +12.9% |
| Wright County | $360.1K | $377.3K | +4.8% |
| Stearns County | $261.7K | $268.1K | +2.5% |
| Hennepin County | $369.7K | $375K | +1.4% |
| Sherburne County | $359.9K | $360.2K | 0.1% |
Housing Supply in Wright County, MN
How many homes are available in Wright County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 564 | 672 | +19.1% |
Summary: The Wright County real estate market had 672 homes for sale in March 2024, a 19.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 13 | 0.0% |
| 2 Bedrooms | 85 | 105 | +23.5% |
| 3 Bedrooms | 188 | 205 | +9.0% |
| 4 Bedrooms | 198 | 241 | +21.7% |
| 5+ Bedrooms | 80 | 108 | +35.0% |
Summary: The Wright County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 35%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 105 | 97 | -7.6% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
23 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. 39.2% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Wright County in March 2024, down by 7.6% month-over-month. Of the 97 sold homes, 39% were sold under asking, 37% were sold at asking, and 24% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 65 Days | +55.2% |
Summary: Homes in Wright County had an average of 65 days on market in Mar 2024, up by 55.2% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
27 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 March 2024, 97 homes were sold in Wright County; 49% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
