Red Wing, MN Foreclosures
How much do homes sell for in Red Wing, MN?
The average home price is currently $320,911.
In Red Wing, MN, how many homes are available?
There are currently 29 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 $8,330,141.
What is currently the cheapest priced home in Red Wing, MN?
The cheapest home for sale in Red Wing is priced at $11,956.
Living in Red Wing, MN
Red Wing, Minnesota, is a charming community located on the banks of the Mississippi River. Known for its rich history, picturesque landscapes, and vibrant downtown, Red Wing offers a mix of small-town charm and urban conveniences. With a range of outdoor activities and cultural attractions, it's an ideal place for families and those who value a strong sense of community.
Current Market Conditions in Red Wing, MN
The Red Wing real estate market is currently experiencing a steady demand, with properties seeing steady appreciation in value. The city's historical significance, along with its beautiful landscape, continues to attract homebuyers seeking both investment opportunities and a place to call home. The balance of single-family homes, townhouses, and some waterfront properties ensures diverse options available to buyers.
In recent months, the market has shown signs of resilience despite national trends, as Red Wing's local economy thrives and community development projects bolster the area's appeal. Buyers are particularly interested in homes with character or those located along the riverfront, contributing to a competitive marketplace.
Home Value Estimator For Red Wing, MN
There are currently 6,877 real estate properties
in Red Wing, MN,
with a median automated valuation model (AVM) price
of $286,290.00. 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 $320,911.00, with the most expensive house
in Red Wing, MN, topping out
at $8,330,141.00 and the cheapest home
in Red Wing, MN,
clocking in at $11,956.00. 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.
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