Wells, MN Housing Market

The Wells housing market is very competitive. The median sale price of a home in Wells was $292K last month, up 88.4% since last year. The median sale price per square foot in Wells is $160, up 85.0% since last year.

Trends
Demand
Migration
Schools
Climate

Wells Housing Market Trends

What is the housing market like in Wells today?

$292K

Sale Price

+88.4%
since last year

$160

Sale $/Sq. Ft.

+85.0%
since last year

Under List Price

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Wells and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Wells add value to a home.

How hot is the Wells housing market?

Wells is very competitive. Homes sell in 30 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 30 days.
Hot homes
can sell for about 3% above list price and go pending in around 10 days.

Compare With Nearby Cities

Albert Lea

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 4% below list price and go pending in around 53 days.
Hot homes
can sell for around list price and go pending in around 15 days.

Blue Earth

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 18 days.
Hot homes
can sell for about 3% above list price and go pending in around 6 days.

See more nearby cities and neighborhoods

Wells Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Wells that sold recently

Recently sold homes

SOLD FEB 27, 2025
$1,070,000
4 beds
1 bath
1,498 sq ft
19773 550th Ave, Wells, MN 56097
List Price
—
Sale to List
—
Days on Market
—
19773 550th Ave, Wells, MN 56097
SOLD FEB 24, 2025
$200,000 Last Sold Price
3 beds
1 bath
1,360 sq ft
19646 525th Ave, Wells, MN 56097
List Price
$200,000
Sale to List
0% over list
Days on Market
168 days
19646 525th Ave, Wells, MN 56097
SOLD FEB 14, 2025
$292,000 Last Sold Price
3 beds
2 baths
1,814 sq ft
55175 160th Street St, Wells, MN 56097
List Price
$299,000
Sale to List
2% under list
Days on Market
234 days
55175 160th Street St, Wells, MN 56097
SOLD FEB 5, 2025
$196,000 Last Sold Price
3 beds
1 bath
1,625 sq ft
58203 210th St, Wells, MN 56097
List Price
$209,900
Sale to List
7% under list
Days on Market
167 days
58203 210th St, Wells, MN 56097
SOLD JAN 13, 2025
$65,000 Last Sold Price
1 bed
1 bath
—sq ft
609 2nd Ave SW, Wells, MN 56097
List Price
$69,900
Sale to List
7% under list
Days on Market
53 days
609 2nd Ave SW, Wells, MN 56097
SOLD JAN 9, 2025
$260,000
3 beds
1.5 baths
2,052 sq ft
706 8th St SW, Wells, MN 56097
List Price
—
Sale to List
—
Days on Market
—
706 8th St SW, Wells, MN 56097
SOLD JAN 3, 2025
$280,000 Last Sold Price
4 beds
2 baths
2,115 sq ft
808 Circle Dr, Wells, MN 56097
List Price
$274,900
Sale to List
2% over list
Days on Market
45 days
808 Circle Dr, Wells, MN 56097
SOLD DEC 20, 2024
$100,000 Last Sold Price
5 beds
2 baths
2,420 sq ft
555 S Broadway, Wells, MN 56097
List Price
$105,000
Sale to List
5% under list
Days on Market
149 days
555 S Broadway, Wells, MN 56097
See all recently sold homes in Wells.
See listings

Schools in Wells

Learn about schools in the Wells area

Elementary
Middle
High

GreatSchools Rating

6/10

United South Central Elementary School

Public • PreK-6

428

Students

1 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Wells housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Wells.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Minor

99% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Wells

Nearby City Housing Markets

Zip Code Housing Markets

56097 Housing Market

Nearby City Listings

Zip Code Listings

56097 Real Estate

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.