Red Wing, MN
Housing market overview · Updated weekly
$264,500median sale price
Homes sold
18
Last 12 weeks
Days on market
82
Average pace
Active listings
38
2.1 months supply
Sale-to-list
98.3%
Below asking
The Red Wing housing market is currently classified as a balanced market with a median sale price of $264,500. Prices have fallen 14.0% compared to last year, with homes spending an average of 82 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Red Wing?
The median home sale price in Red Wing is $264,500, down 14.0% from last year.
How long do homes stay on market in Red Wing?
Homes typically spend 82 days on market before going under contract.
Is Red Wing a buyer's or seller's market?
With 2.1 months of supply, Red Wing is currently a balanced market.
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