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Foreclosure Homes in Wells, MN

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Wells, MN Foreclosures

How much do homes sell for in Wells, MN?
The average home price is currently $298,958.
In Wells, MN, how many homes are available?
There are currently 8 active home listings available in Wells.
What’s the average rental cost in Wells, MN?
The average rental price in Wells is $1,089.
What is the most expensive home in Wells?
The most expensive home sold in Wells had a price of $9,208,834.
What is currently the cheapest priced home in Wells, MN?
The cheapest home for sale in Wells is priced at $16,628.

Living in Wells, MN

Wells, MN is a welcoming small town that combines rural charm with community spirit. With various parks and recreational activities, it appeals to families and outdoor lovers alike. The town features quality schools and local amenities, providing a comfortable lifestyle for its residents.

Current Market Conditions in Wells, MN

The real estate market in Wells, MN, has shown steady growth, with an increase in home purchases and an influx of new residents seeking a quieter lifestyle. The average home prices are affordable compared to larger city markets, attracting first-time buyers and families.

There is a noticeable interest in single-family homes, with many listings receiving multiple offers. Investors are also looking at Wells due to its potential for growth, making it a favorable area for real estate transactions.

Home Value Estimator For Wells, MN

There are currently 1,511 real estate properties in Wells, MN, with a median automated valuation model (AVM) price of $174,265.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wells, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wells, MN, is $298,958.00, with the most expensive house in Wells, MN, topping out at $9,208,834.00 and the cheapest home in Wells, MN, clocking in at $16,628.00. In other words, there’s something for every potential homebuyer or savvy investor in Wells, MN!

Rent Prices In Wells, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wells, MN, is on a rollercoaster ride. The average rent price in Wells, MN, is $1,089.00. Indeed, when looking to rent in Wells, MN, you can expect to pay as little as $480.00 or as much as $2,200.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Wells, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Wells, MN Foreclosures

Market Trend for Wells, MN

Total Listings Available: 8

Market Values:

Home Prices from $16,628 to $9,208,834

Average Sales Price: $298,958

Rental Values:

Rental from $480 to $2,200

Average Rent Value: $1,089 / month

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