Wells, Minnesota Land Market Statistics

Comprehensive market data and analysis• Updated Dec 2025

Active Listings

Sold (12M)

Median Price

$10K

Market Condition

Strong Buyer's Market

Wells, Minnesota Market Meter

Strong Buyer's Market

15.0 months of supply

High inventory favors buyers with more choices and negotiating power.

Market Overview

Median Price

$10K

Avg Price/Acre

$2586.4M

Avg Days on Market

Months of Supply

15.0

YoY Price Change

New Listings (3M)

Land Market Data by Acreage

Data Type:

View:

Acreage	30D	3M	6M	12M	24M	36M
0-1 acres	1	1	1	1	3	5
1-2 acres	-	-	-	-	-	-
2-5 acres	-	-	-	-	-	-
5-10 acres	-	-	-	-	-	-
10-20 acres	-	-	-	-	-	-
20-50 acres	-	-	-	-	-	-
50-100 acres	-	-	-	-	-	-
100+ acres	-	-	-	-	-	-
TOTAL	1	1	1	1	3	5

📊 Sold Counts: The total number of land parcels that sold during each time period.How to read: If "5-10 acres" shows 25 under "30D", that means 25 parcels between 5-10 acres sold in the last 30 days. The "3M" column shows sales from the last 3 months, "12M" shows the full year, etc.Higher numbers = active market with lots of buyers. Lower numbers = slower market with fewer sales.

Market Trends & Analysis

Inventory by Acreage (12 Months)

Sold

For Sale

0-1 acres1 sold / 2 listed

1-2 acres0 sold / 1 listed

2-5 acres0 sold / 2 listed

Median Price by Acreage

$0$5K$10K

0- 1

Acreage buckets

Key Market Indicators

Total Sales Volume

$10K

Last 12 months

Active Listings

Current inventory

Avg Days on Market

Time to sell

Price Trend (YoY)

Year over year

Wells, Minnesota Land Market Analysis

How much is land worth in Wells, Minnesota?

The median price for land in Wells, Minnesota is currently $2586.4M per acre. For a typical parcel, the median sale price is $10K. Recently, the cheapest land sold for $10K while premium lots reached $10K.

Is now a good time to buy land in Wells, Minnesota?

Wells, Minnesota is currently a strong buyer's market with 15.0 months of supply. Buyers have more negotiating power and can take time to find the right property.

What is the months of supply for land in Wells, Minnesota?

Wells, Minnesota currently has 15.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.

Is now a good time to invest in land in Wells, Minnesota?

The current absorption rate in Wells, Minnesota is 6.7% (3-month basis), indicating slow demand. The top-performing broker in this market is Realty Group LLC.

What is the total land for sale in Wells, Minnesota?

There are currently 5 active listings in Wells, Minnesota. The median asking price is $23K.

What is the total amount sold in Wells, Minnesota last year?

Over the past 12 months, Wells, Minnesota saw 1 properties sold, totaling $10K in sales volume. In just the last 3 months, 1 properties changed hands.

What is the absorption rate for land in Wells, Minnesota?

The 3-month absorption rate in Wells, Minnesota is 6.7%. The 12-month rate is 1.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.

Data Sources & Accuracy

Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.

Wells, Minnesota Land Market Statistics

Wells, Minnesota Market Meter

Market Overview

Land Market Data by Acreage

Market Trends & Analysis

Inventory by Acreage (12 Months)

Median Price by Acreage

Key Market Indicators

Wells, Minnesota Land Market Analysis

How much is land worth in Wells, Minnesota?

Is now a good time to buy land in Wells, Minnesota?

What is the months of supply for land in Wells, Minnesota?

Is now a good time to invest in land in Wells, Minnesota?

What is the total land for sale in Wells, Minnesota?

What is the total amount sold in Wells, Minnesota last year?

What is the absorption rate for land in Wells, Minnesota?

Data Sources & Accuracy

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