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WELLS, MN 56097

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

Market Analysis

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

The WELLS, MN real estate market (56097) currently shows 14 active listings, with 3 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 118 days on market compared to 36 days last year.

The median listing price has fallen 12.6% year-over-year, from $200,000 to $174,900.

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 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
14
⇧ 55.6% vs 9 last year
Pending
3
21% pending ratio
Median Price
$174,900
⇩ 12.6% vs $200,000 last year
Average Price
$174,859
⇩ 12.8% vs $200,457 last year
Days on Market
118
⇧ 227.8% vs 36 days last year

Price Per Square Foot

Median $/sqft
$107
⇩ 3.6% vs $111/sqft last year
Median Home Size
1,696 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 9 last year
  • Days on market: 118 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $174,900 (-12.6% YoY)
  • Average: $174,859 (-12.8% 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 March 2026, there are 14 active listings in WELLS, MN (zip code 56097), compared to 9 the prior year.

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

The median listing price in WELLS, MN 56097 is $174,900 as of March 2026, a 12.6% decrease from $200,000 the prior year.

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

Homes in WELLS, MN 56097 spend an average of 118 days on the market before going under contract, compared to 36 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 March 2026, WELLS, MN 56097 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 118 days on market compared to 36 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 $3,498 compared to a typical 5% commission on the median listing price of $174,900. 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.