Housing Prices in Red Lake Falls, MN

How much do homes in Red Lake Falls, MN cost?

Median List Price

$209,450

$133/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$39,450(+23.2%)

Key Takeaway

The list price of homes in Red Lake Falls has increased by 23.2% since last year.

Summary: The median home list price in Red Lake Falls was $209,450 in October 2024, up 23.2% from the previous year, and the median price per square foot was $133.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $129.9K$154.2K
+18.7%
3 $172.4K$217.4K
+26.1%
4 $241.4K-
N/A
5+ $310K$297.4K
-4.0%

Summary: Red Lake Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 26.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4%.

Median List Price Compared To Nearby Cities

Red Lake Falls
+23.2%
Red Lake Falls Township
+21.8%

Housing Supply in Red Lake Falls, MN

How many homes are available in Red Lake Falls, MN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
440.0%

Summary: The Red Lake Falls real estate market had 4 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Red Lake Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Red Lake Falls, MN

How long does it take to sell a home in Red Lake Falls, MN?

Average Listing Age

Oct 2023Oct 2024CHANGE
287 Days75 Days-73.8%

Summary: Homes in Red Lake Falls had an average listing age of 75 days in Oct 2024, down by 73.8% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Red Lake Falls, MN

Nearby Markets to Red Lake Falls, MN