Russell, MN Foreclosures
Current Market Conditions in in Russell, MN As of April 2026?
Over the past month, Russell has experienced a moderate rise in real estate activity, with home sales up by approximately 10%. The increased interest can be attributed to the seasonal uptick in the housing market as families look to relocate before the school year begins. Prices have remained steady, with competitive offers being the norm as buyers are drawn to the town's charm and outdoor amenities.
How much do homes sell for in Russell, MN?
The average home price is currently $190,348.
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 $926,768.
What is currently the cheapest priced home in Russell, MN?
The cheapest home for sale in Russell is priced at $11,251.
Living in Russell, MN
Russell, MN, is a quaint rural town known for its strong community spirit and serene living environment. It boasts access to beautiful lakes and parks, making it a haven for outdoor enthusiasts. With quality schools and friendly neighbors, it's an ideal place for families looking for a tight-knit community atmosphere.
Buyer vs Seller Market in Russell, MN
The real estate market in Russell is currently stable, with a slight increase in home prices noted for the past year. The community's appeal for those looking to escape urban hustle has led to consistent interest in homes, making it a viable option for both first-time homebuyers and those looking to retire.
As of recent months, the market has seen a gradual influx of new listings, indicating a healthy buyer interest despite the seasonal trends. Homes in Russell typically receive multiple offers within the first few weeks of listing due to the demand in this lovely rural area.
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 $133,672.00. 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 $190,348.00, with the most expensive house
in Russell, MN, topping out
at $926,768.00 and the cheapest home
in Russell, MN,
clocking in at $11,251.00. 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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