Is Wrenshall, MN 55797 a buyer’s or seller’s market?
Wrenshall is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Wrenshall housing market right now
In the three months ending August 31, 2026, 0% of homes in Wrenshall, MN 55797 sold above their list price, the typical home went under contract in 39 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold more slowly (33 days then) and the median sale price rose 102% to $512,278. Overall, Wrenshall is less competitive than a year ago, which gives buyers more room.
Within Carlton County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Kettle River 55757 (56% sold over asking) and Cloquet 55720 (53% sold over asking) are even more competitive.
Run the numbers for 55797
Nearby markets
Barnum 55707Seller’s market $189 /sq ftCarlton 55718Seller’s market $198 /sq ftCloquet 55720Seller’s market $204 /sq ftCromwell 55726Seller’s market $246 /sq ft Browse all markets →Towns like Wrenshall nearby
Find towns like Wrenshall in other states →Where Wrenshall is
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Questions about Wrenshall real estate
Is Wrenshall a buyer’s or seller’s market?
A buyer’s market: there were 12.8 months of supply in Wrenshall, MN 55797 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Wrenshall?
The typical home went under contract in 39 days in the latest three months.
Do homes in Wrenshall sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in Wrenshall?
About 1.17% of a home’s value a year in Carlton County, or roughly $4,680 on a $400,000 home.
What is the median home price in Wrenshall?
The median sale price was $512,278 in the three months ending August 31, 2026, about $229 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology