As-is Deals in Red Wing, MN

Current Market Conditions in Red Wing, MN

The real estate market in Red Wing has shown steady growth over the past year, with an increase in demand for single-family homes. The charm of the city and its amenities continue to attract both new residents and investors, contributing to a competitive market for real estate. Homes in desirable neighborhoods are selling quickly, indicating a strong buyer interest.

Recent trends show that homes priced under $300,000 are particularly sought after, attracting first-time buyers and families. Investors are also looking towards Red Wing due to its affordable prices compared to neighboring larger cities.

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.