Housing Prices in Red Lake Falls, MN
How much do homes in Red Lake Falls, MN cost?
Median List Price
$172,000
$119/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Red Lake Falls has decreased by 13.6% since last year.
Summary: The median home list price in Red Lake Falls was $172,000 in March 2024, down 13.6% from the previous year, and the median price per square foot was $119.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.4K | $134.5K | -2.1% |
| 3 Bedrooms | $199K | $172.4K | -13.3% |
| 4 Bedrooms | $278K | $241.4K | -13.1% |
| 5+ Bedrooms | $349K | $267K | -23.5% |
Summary: Red Lake Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 23.5%.
Median List Price Compared To Nearby Cities
| Red Lake Falls | $199K | $172K | -13.6% |
| Red Lake Falls Township | $199.4K | $172K | -13.8% |
Housing Supply in Red Lake Falls, MN
How many homes are available in Red Lake Falls, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The Red Lake Falls real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Red Lake Falls housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Red Lake Falls, MN
How long does it take to sell a home in Red Lake Falls, MN?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 321 Days | 81 Days | -74.8% |
Summary: Homes in Red Lake Falls had an average listing age of 81 days in Mar 2024, down by 74.8% compared to the previous year.
