Russell, MN Foreclosures
Current Market Conditions in in Russell, MN As of February 2026?
Over the last month, the real estate activity in Russell, MN, has shown a slight uptick in buyer interest, particularly in single-family homes. There's been a noticeable increase in showings and inquiries, suggesting that potential buyers are more actively considering relocating to this peaceful area. Despite a lack of significant new listings, the competitive nature of the market is pushing some price points upward. Sellers who price their homes reasonably are likely to find buyers quickly, reflecting a minor shift towards a seller's market.
How much do homes sell for in Russell, MN?
The average home price is currently $193,174.
In Russell, MN, how many homes are available?
There are currently 33 active home listings available in Russell.
What’s the average rental cost in Russell, MN?
The average rental price in Russell is $1,179.
What is the most expensive home in Russell?
The most expensive home sold in Russell had a price of $936,526.
What is currently the cheapest priced home in Russell, MN?
The cheapest home for sale in Russell is priced at $11,414.
Living in Russell, MN
Russell, MN, encapsulates the charm of small-town living with a vibrant community spirit. Nestled near the Yellow Medicine River, it offers both tranquility and outdoor activities for residents. With access to local amenities and the advantage of nearby larger towns, Russell is a hidden gem in rural Minnesota.
Buyer vs Seller Market in Russell, MN
The real estate market in Russell, MN, has remained stable, with a growing interest from buyers seeking affordable housing options. As more people look for a quieter lifestyle, properties here are becoming increasingly attractive as a result of lower prices compared to nearby cities.
Current trends indicate a slow but steady appreciation in property values, driven by demand for larger homes with land and a desire for rural living. The inventory remains lower than demand, which could lead to increased competition among buyers for available homes.
Home Value Estimator For Russell, MN
There are currently 258 real estate properties
in Russell, MN,
with a median automated valuation model (AVM) price
of $132,639.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Russell, 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 Russell, MN,
is $193,174.00, with the most expensive house
in Russell, MN, topping out
at $936,526.00 and the cheapest home
in Russell, MN,
clocking in at $11,414.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Russell, MN!
Rent Prices
In Russell, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Russell, MN, is on
a rollercoaster ride. The
average rent price in Russell, MN,
is $1,179.00. Indeed, when looking to rent in
Russell, MN, you can expect to pay as little
as $790.00 or as much
as $2,000.00,
with the average rent median estimated to
be $1,080.00. The good news is that finding
an affordable and desirable property to rent in Russell, 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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