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WELLS, MN 56097

Real Estate Market Report  ·  Faribault County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The WELLS, MN real estate market (56097) currently shows 15 active listings, with 3 pending sales. Homes are averaging 70 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 70 days on market compared to 46 days last year.

The median listing price has fallen 13.7% year-over-year, from $198,500 to $171,225.

Whether you are buying or selling in WELLS, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 3,614  ·  Density: 7.9/mi²  ·  Median household income: $59,080

Typical home value: $116,128  ·  Homeownership: 81.9%

Market Overview

Active Listings
15
⇧ 36.4% vs 11 last year
Pending
3
20% pending ratio
Median Price
$171,225
⇩ 13.7% vs $198,500 last year
Average Price
$177,560
⇩ 18.4% vs $217,726 last year
Days on Market
70
⇧ 52.2% vs 46 days last year

Price Per Square Foot

Median $/sqft
$106
⇩ 3.6% vs $110/sqft last year
Median Home Size
1,541 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 15 this year vs 11 last year
  • Days on market: 70 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $171,225 (-13.7% YoY)
  • Average: $177,560 (-18.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.8 miles — 80 listings ($15,854,396 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56097Wells, MN 560970.0 mi12$1,978,236$169,150$164,853
56009Alden, MN 560098.9 mi11$3,066,668$289,900$278,788
56068Minnesota Lake, MN 5606810.7 mi3$737,100$245,700$245,700
56051Kiester, MN 5605112.9 mi6$739,050$120,975$123,175
56091Waldorf, MN 5609113.6 mi1$149,000$149,000$149,000
56033Frost, MN 5603315.6 mi4$289,868$39,900$72,467
56029Emmons, MN 5602916.5 mi3$697,500$220,500$232,500
56016Clarks Grove, MN 5601618.6 mi1$269,900$269,900$269,900
56078Pemberton, MN 5607819.7 mi2$379,950$189,975$189,975
56013Blue Earth, MN 5601320.8 mi21$4,279,149$199,450$203,769
50450Lake Mills, IA 5045023.1 mi8$1,242,824$128,675$155,353
56026Ellendale, MN 5602623.6 mi7$1,915,151$222,450$273,593
56047Huntley, MN 5604723.8 mi1$110,000$110,000$110,000

Frequently Asked Questions

How many homes are for sale in WELLS, MN 56097?

As of April 2026, there are 15 active listings in WELLS, MN (zip code 56097), compared to 11 the prior year.

What is the median home price in WELLS, MN 56097?

The median listing price in WELLS, MN 56097 is $171,225 as of April 2026, a 13.7% decrease from $198,500 the prior year.

How long do homes stay on the market in WELLS, MN?

Homes in WELLS, MN 56097 spend an average of 70 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in WELLS, MN 56097?

Based on current inventory and days-on-market data as of April 2026, WELLS, MN 56097 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 70 days on market compared to 46 days last year.

How much can I save on real estate commission in WELLS, MN?

With SELL123.com's maximum 3% commission, sellers in WELLS, MN 56097 save an estimated $3,425 compared to a typical 5% commission on the median listing price of $171,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.