$1,603 Closing Credit*
$134,999
1,144 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Kerkhoff Auction & Real Estate
Is Redwood Falls, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Redwood Falls has remained a Seller's Market.
Key Takeaway
Redwood Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redwood Falls, MN
How much do homes in Redwood Falls, MN cost?
Median Sold Price
$189,900
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,775(+5.4%)
Key Takeaway
Homes in Redwood Falls have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Redwood Falls was $189,900 in November 2024, up 5.4% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $66.7K | N/A |
| 2 Bedrooms | $99.1K | $102.7K | +3.6% |
| 3 Bedrooms | $173.5K | $188.9K | +8.9% |
| 4 Bedrooms | $235K | $259.5K | +10.4% |
| 5+ Bedrooms | $332.7K | $319.5K | -4.0% |
Summary: Redwood Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Redwood Falls | $180.1K | $189.9K | +5.4% |
| Redwood Falls Township | $180.1K | $189.9K | +5.4% |
Housing Supply in Redwood Falls, MN
How many homes are available in Redwood Falls, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The Redwood Falls real estate market had 27 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Redwood Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood Falls, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Redwood Falls in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Redwood Falls, MN
How long does it take to sell a home in Redwood Falls, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 57 Days | +30.3% |
Summary: Homes in Redwood Falls had an average of 57 days on market in Nov 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redwood Falls has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Redwood Falls; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
