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 21 Days Ago

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Newest Listings in Red Lake Falls, MN

Nearby Markets to Red Lake Falls, MN

MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc. for the period 11/01/2022 - 11/01/2024

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:52:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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