Red Wing, MN Housing Market
Warm MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Red Wing, MN metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $330K
- Median days on market
- 33 days
- Months of supply
- 2.3
- Active inventory
- 142
- Homes sold
- 62
- Sale-to-list ratio
- 99.6%
- Listings with price drop
- 35.2%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Competitive
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Appreciation · Negotiation
Watch-outs
- Low inventory with tight supply often means more competition on offers.
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Warm Market
The market is active with moderate buyer demand.
Red Wing, MN market summary
The Red Wing, MN metro area housing market is heating up. As of May 2026, the median home sale price is $330K, down 5.7% year-over-year. Homes are spending a median of 33 days on the market, 65.0% longer than a year ago.
There are 142 homes for sale — 0.0% fewer than last year. With 2.3 months of supply, this is a seller's market. 77 new listings were added during this period, up 2.7% year-over-year.
Homes are selling for 99.6% of their list price on average, suggesting room for negotiation. 35.5% of homes sell above their asking price. 35.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
62
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor takeaway
A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 27% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Red Wing, MN market trends
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Detailed market metrics
Median list price
$315K
Price per sq ft
$174
Sale-to-list ratio
99.6%
Months of supply
2.3
Sold above list
35.5%
Price drops
35.2%
New listings
77
↑ 2.7% YoY
Pending sales
52
Off market in 2 weeks
48.1%
Red Wing, MN housing market FAQs
What is the median home price in Red Wing, MN?
For the latest published month, the median sale price in Red Wing, MN is $330K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Red Wing, MN a buyer's or seller's market?
With about 2.3 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Red Wing, MN?
For the latest published month, the median days on market in Red Wing, MN is 33 days — half of homes went pending faster and half slower.
Is Red Wing, MN good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Red Wing, MN can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Red Wing, MN?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Red Wing, MN deals.
Compare more Minnesota metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Minneapolis, MN
$400K · 22d on market
Rochester, MN
$350K · 18d on market
St. Cloud, MN
$308K · 23d on market
Brainerd, MN
$350K · 35d on market
Faribault, MN
$382K · 28d on market
Fergus Falls, MN
$245K · 27d on market
Owatonna, MN
$287K · 15d on market
Alexandria, MN
$359K · 14d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Red Wing, MN deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.