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

Housing Market Conditions



Gauge showing Redwood County is a seller's market


Difference Since November 2022

Since last year, Redwood County has remained a Seller's Market.

Key Takeaway

Redwood County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Redwood County, MN

How much do homes in Redwood County, MN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Redwood County have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Redwood County was $145,000 in November 2023, up 6.8% from last year, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $20K-
2 $75K$93.7K
3 $136.5K$150.2K
4 $166.5K$170K
5+ $282.5K$258.2K

Summary: Redwood County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Counties

Yellow Medicine County
Cottonwood County
Redwood County
Renville County

Housing Supply in Redwood County, MN

How many homes are available in Redwood County, MN?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Redwood County real estate market had 58 homes for sale in November 2023, a 12.1% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
2 97
3 3326
4 1617
5+ 88

Summary: The Redwood County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 92.3% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Redwood County in November 2023, down by 13.3% month-over-month. Of the 13 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.

Days on Market for Redwood County, MN

How long does it take to sell a home in Redwood County, MN?

Average Sale Time

Nov 2022Nov 2023CHANGE
41 Days55 Days+36.0%

Summary: Homes in Redwood County had an average of 55 days on market in Nov 2023, up by 36% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were 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.

Summary: During November 2023, 13 homes were sold in Redwood County; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

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

Report Updated 6 Days Ago

Newest Listings in Redwood County, MN

Nearby Markets to Redwood County, MN

What housing markets are near Redwood County, MN?