Is Redwood County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
At the same time last year, Redwood County was a Seller's Market.
Key Takeaway
Redwood County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
How much do homes in Redwood County, MN cost?
Median Sold Price
$115,000
$70/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
+$13,000(+12.7%)
Key Takeaway
Homes in Redwood County have sold for 12.7% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2021 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | $68.9K | N/A |
| 2 Bedrooms | $70.2K | $70K | -0.4% |
| 3 Bedrooms | $102K | $116.5K | +14.2% |
| 4 Bedrooms | $138.7K | $149K | +7.4% |
| 5+ Bedrooms | $129.7K | $200K | +54.2% |
Median Sold Price Compared To Nearby Counties
| % | |
|---|---|
| Renville County | +21.7% |
| Cottonwood County | +16.8% |
| Redwood County | +12.7% |
| Brown County | +5.8% |
How many homes are available in Redwood County, MN?
Number of Homes For Sale
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 53 | 73 | +37.7% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2022 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Number of Homes Sold
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redwood County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Average Sale Time
| Apr 2021 | Apr 2022 | % |
|---|---|---|
| 96 Days | 75 Days | -21.8% |
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redwood County are selling fast, if you're buying plan to act quickly.
