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WELLS, MN 56097

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

Market Overview

Active Listings
10
⇧ 25% vs 8 last year
Pending
2
20% pending ratio
Median Price
$159,900
⇩ 28.9% vs $224,975 last year
Average Price
$158,856
⇩ 28.3% vs $221,543 last year
Days on Market
127
⇧ 32.3% vs 96 days last year

Market Context

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

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

Market Analysis

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

The WELLS, MN real estate market (56097) currently shows 10 active listings, with 2 pending sales. Homes are averaging 127 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 127 days on market compared to 96 days last year.

The median listing price has fallen 28.9% year-over-year, from $224,975 to $159,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 8 last year
  • Days on market: 127 now vs 96 last year

Median & Average Pricing

Year over Year
  • Median: $159,900 (-28.9% YoY)
  • Average: $158,856 (-28.3% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.8 miles — 87 listings ($16,932,555 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56097Wells, MN 560970.0 mi10$1,588,560$159,900$158,856
56009Alden, MN 560098.9 mi9$2,453,067$304,900$272,563
56068Minnesota Lake, MN 5606810.7 mi3$452,250$150,750$150,750
56051Kiester, MN 5605112.9 mi7$855,519$124,450$122,217
56023Delavan, MN 5602315.3 mi2$559,800$279,900$279,900
56072New Richland, MN 5607215.7 mi6$1,368,198$224,900$228,033
56065Mapleton, MN 5606517.7 mi8$2,130,488$199,900$266,311
56016Clarks Grove, MN 5601618.6 mi1$269,900$269,900$269,900
56078Pemberton, MN 5607819.7 mi1$190,000$190,000$190,000
56013Blue Earth, MN 5601320.8 mi21$4,193,427$189,000$199,687
50450Lake Mills, IA 5045023.1 mi7$937,300$129,900$133,900
56098Winnebago, MN 5609823.7 mi11$1,784,046$139,700$162,186
50453Leland, IA 5045324.8 mi1$150,000$150,000$150,000

Frequently Asked Questions

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

As of January 2026, there are 10 active listings in WELLS, MN (zip code 56097), compared to 8 the prior year.

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

The median listing price in WELLS, MN 56097 is $159,900 as of January 2026, a 28.9% decrease from $224,975 the prior year.

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

Homes in WELLS, MN 56097 spend an average of 127 days on the market before going under contract, compared to 96 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 January 2026, WELLS, MN 56097 is currently a Buyer's Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 127 days on market compared to 96 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 $3,198 compared to a typical 5% commission on the median listing price of $159,900. 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.