The story of this market
The typical home in ZIP 56097 sells for about $99,950, or $112 per square foot.
Prices are down 49.5% from a year ago, which gives buyers more room to negotiate. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $713 a month.
ZIP 56097 — Wells
The housing market in 56097 is experiencing a significant correction with median prices falling nearly 50% year-over-year. Low sales volume and a sharp decline in days on market suggest a highly localized and volatile environment.
Median prices moved down 49.5% year over year.
Homes spend a median of 57 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 8.5% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 56097, Minnesota
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Data retrieved from US Census Bureau ZCTA 56097 profiles.
- Wedgewood Cove Golf Course & Restaurant4.317.8 mi
- Flame Theatre4.62.1 mi
- Walnut Lake Wildlife Management Area4.48.7 mi
- Walnut Lake Wildlife Management Area4.48.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.