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Is Wendell, MN 56590 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Wendell is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list87.5%Sold price ÷ list price
Median days on market31Listing to accepted offer
Median price per sq ft$93

The Wendell housing market right now

In the three months ending August 31, 2026, 0% of homes in Wendell, MN 56590 sold above their list price, the typical home went under contract in 31 days and there were 6.4 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.

Within Grant County, homes here sell faster than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Ashby 56309 (20% sold over asking) and Elbow Lake 56531 (8% sold over asking) are even more competitive.

Run the numbers for 56590

Prefilled for 56590Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56590Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ashby 56309Balanced $140 /sq ftBarrett 56311 — /sq ftElbow Lake 56531Seller’s market $104 /sq ftHerman 56248Buyer’s market $163 /sq ft Browse all markets →

Where Wendell is

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Questions about Wendell real estate

Is Wendell a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Wendell, MN 56590 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 Wendell?

The typical home went under contract in 31 days in the latest three months.

Do homes in Wendell sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 87.5% of the list price.

What are property taxes in Wendell?

About 0.93% of a home’s value a year in Grant County, or roughly $3,720 on a $400,000 home.

What is the median home price in Wendell?

The median sale price was $217,758 in the three months ending August 31, 2026, about $93 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