Is Wright, MN 55798 a buyer’s or seller’s market?
Wright is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Wright housing market right now
In the three months ending August 31, 2026, 0% of homes in Wright, MN 55798 sold above their list price, the typical home went under contract in 57 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 100%, homes sold more slowly (14 days then) and the median sale price rose 7% to $320,211. Overall, Wright is less competitive than a year ago, which gives buyers more room.
Within Carlton County, homes here sell more slowly than in 89% 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 55798
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 →Where Wright is
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Questions about Wright real estate
Is Wright a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Wright, MN 55798 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 Wright?
The typical home went under contract in 57 days in the latest three months.
Do homes in Wright sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.0% of the list price.
What are property taxes in Wright?
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 Wright?
The median sale price was $320,211 in the three months ending August 31, 2026, about $334 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