Red Wing, MN Foreclosures
How much do homes sell for in Red Wing, MN?
The average home price is currently $345,068.
In Red Wing, MN, how many homes are available?
There are currently 30 active home listings available in Red Wing.
What’s the average rental cost in Red Wing, MN?
The average rental price in Red Wing is $1,498.
What is the most expensive home in Red Wing?
The most expensive home sold in Red Wing had a price of $9,957,007.
What is currently the cheapest priced home in Red Wing, MN?
The cheapest home for sale in Red Wing is priced at $11,772.
Living in Red Wing, MN
Red Wing, MN, is a picturesque riverside city known for its rich history and stunning natural beauty. With a vibrant arts scene, excellent schools, and a welcoming community, it offers a perfect blend of small-town charm and modern amenities. Whether you enjoy outdoor activities or cultural events, Red Wing has something for everyone.
Current Market Conditions in Red Wing, MN
The real estate market in Red Wing is currently showing signs of steady growth, with increasing demand for residential properties. Homes are being snapped up quickly, often above asking price, due to the limited inventory available. Buyers are drawn to the city's attractive lifestyle, picturesque setting, and proximity to larger urban centers, contributing to the competitive market conditions.
There is a noticeable trend of new listings coming onto the market, suggesting that homeowners are taking advantage of favorable selling conditions. As Red Wing continues to develop and promote itself as a desirable place to live, the real estate market is expected to flourish.
Home Value Estimator For Red Wing, MN
There are currently 7,584 real estate properties
in Red Wing, MN,
with a median automated valuation model (AVM) price
of $283,357.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Red Wing, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Red Wing, MN,
is $345,068.00, with the most expensive house
in Red Wing, MN, topping out
at $9,957,007.00 and the cheapest home
in Red Wing, MN,
clocking in at $11,772.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Red Wing, MN!
Rent Prices
In Red Wing, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Red Wing, MN, is on
a rollercoaster ride. The
average rent price in Red Wing, MN,
is $1,498.00. Indeed, when looking to rent in
Red Wing, MN, you can expect to pay as little
as $680.00 or as much
as $3,400.00,
with the average rent median estimated to
be $1,460.00. The good news is that finding
an affordable and desirable property to rent in Red Wing, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
