Redwood Falls, MN Foreclosures
How much do homes sell for in Redwood Falls, MN?
The average home price is currently $229,689.
In Redwood Falls, MN, how many homes are available?
There are currently 2 active home listings available in Redwood Falls.
What’s the average rental cost in Redwood Falls, MN?
The average rental price in Redwood Falls is $1,210.
What is the most expensive home in Redwood Falls?
The most expensive home sold in Redwood Falls had a price of $3,292,353.
What is currently the cheapest priced home in Redwood Falls, MN?
The cheapest home for sale in Redwood Falls is priced at $12,700.
Living in Redwood Falls, MN
Redwood Falls, MN is a picturesque small city known for its friendly community and scenic outdoor environments. With ample amenities and quality education, it offers a peaceful lifestyle with a strong sense of community ownership. Residents enjoy access to outdoor activities and a variety of local services.
Current Market Conditions in Redwood Falls, MN
The real estate market in Redwood Falls has remained stable over the past year, with a slight increase in property values due to limited inventory and steady demand. Buyers are looking for affordable housing options, while sellers are seeing favorable conditions, particularly for single-family homes that offer amenities and proximity to nature. Seasonal housing trends indicate a rise in home purchases during the summer months, driven by families seeking to relocate before the new school year.
Over the past month, Redwood Falls has seen an uptick in new listings, indicating a responsive market that is adapting to growing interest. Despite this increase, the overall inventory remains lower than demand, resulting in continued upward pressure on prices. Properties that are well-maintained and situated near parks and schools are experiencing quicker sales.
Home Value Estimator For Redwood Falls, MN
There are currently 2,226 real estate properties
in Redwood Falls, MN,
with a median automated valuation model (AVM) price
of $188,012.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Redwood Falls, 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 Redwood Falls, MN,
is $229,689.00, with the most expensive house
in Redwood Falls, MN, topping out
at $3,292,353.00 and the cheapest home
in Redwood Falls, MN,
clocking in at $12,700.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Redwood Falls, MN!
Rent Prices
In Redwood Falls, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Redwood Falls, MN, is on
a rollercoaster ride. The
average rent price in Redwood Falls, MN,
is $1,210.00. Indeed, when looking to rent in
Redwood Falls, MN, you can expect to pay as little
as $570.00 or as much
as $2,940.00,
with the average rent median estimated to
be $1,180.00. The good news is that finding
an affordable and desirable property to rent in Redwood Falls, 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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