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: January 2026
Median Sale Price
$262K
↓ 1.0% YoY
Days on Market
49 days
↓ 12.5% YoY
Active Inventory
118
↑ 25.5% YoY
Homes Sold
28
↓ 3.4% 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 January 2026, the median home sale price is $262K, down 1.0% year-over-year. Homes are spending a median of 49 days on the market, 12.5% shorter than a year ago.
There are 118 homes for sale — 25.5% more than last year. With 4.2 months of supply, this is a balanced market. 34 new listings were added during this period, down 12.8% year-over-year.
Homes are selling for 97.1% of their list price on average, suggesting room for negotiation. 21.4% of homes sell above their asking price. 22.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 38% below the national median, which could indicate stronger cash flow potential.
Red Wing, MN metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$265K
Price per Sq Ft
$145
Sale-to-List Ratio
97.1%
Months of Supply
4.2
Sold Above List
21.4%
Price Drops
22.0%
New Listings
34
↓ 12.8% YoY
Pending Sales
41
Off Market in 2 Weeks
21.9%
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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.