Is Redwood County, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Redwood County is a buyer'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

# BEDSApr 2021Apr 2022%
1 -$68.9K
N/A
2 $70.2K$70K
-0.4%
3 $102K$116.5K
+14.2%
4 $138.7K$149K
+7.4%
5+ $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 2022Apr 2022%
5373+37.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 12
+100.0%
2 1016
+60.0%
3 2127
+28.6%
4 1621
+31.3%
5+ 57
+40.0%

Number of Homes Sold

Mar 2022Apr 2022%
810+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

Asking vs Sold - buyer

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 2021Apr 2022%
96 Days75 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Redwood County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Redwood County, MN

Homes for sale in Redwood County, MN have reached 73. The number of homes for sale in Redwood County, MN increased by 37.7% between March 2022 and April 2022. In April 2022 median list price was $115,000 and the average listing age was 75 days. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 0.4%, the cost of 3 bedrooms properties went up by 14.2%, prices of 4 bedrooms properties went up by 7.4%, prices of 5 bedrooms properties increased by 54.2%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 100%, number of 2 bedrooms homes increased by 60%, volume of 3 bedrooms homes went up by 28.6%, volume of 4 bedrooms homes went up by 31.3%, number of 5 bedrooms homes increased by 40%. In April 2022 more than 2 listings in Redwood County, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below.

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