Red Wing, MN metro area Housing Market
Cool MarketComprehensive housing market data for the Red Wing, MN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$275K
↓ 14.0% YoY
Days on Market
75 days
↑ 38.9% YoY
Active Inventory
90
↓ 7.2% YoY
Homes Sold
50
↑ 16.3% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Red Wing, MN metro area Market Summary
The Red Wing, MN metro area housing market is cooling down. As of March 2026, the median home sale price is $275K, down 14.0% year-over-year. Homes are spending a median of 75 days on the market, 38.9% longer than a year ago.
There are 90 homes for sale — 7.2% fewer than last year. With 1.8 months of supply, this is a seller's market. 50 new listings were added during this period, down 21.9% year-over-year.
Homes are selling for 99.0% of their list price on average, suggesting room for negotiation. 26.0% of homes sell above their asking price. 15.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
60
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 37% below the national median, which could indicate stronger cash flow potential.
Red Wing, MN metro area Market Trends
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Detailed Market Metrics
Median List Price
$335K
Price per Sq Ft
$160
Sale-to-List Ratio
99.0%
Months of Supply
1.8
Sold Above List
26.0%
Price Drops
15.6%
New Listings
50
↓ 21.9% YoY
Pending Sales
50
Off Market in 2 Weeks
44.0%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.