$1,128 Closing Credit¹
#6640135, Listing Office: Re/Max Realty Plus
Redwood Falls Housing Market Report January 2025•Redwood County, Minnesota
Housing Prices in Redwood Falls, MN
How much do homes in Redwood Falls, MN cost?
Housing Market Conditions
Is Redwood Falls, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Redwood Falls is a Buyer's Market
Difference Since January 2024
Since last year, Redwood Falls has remained a Buyer's Market.
Insight
Redwood Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$189,900$107/SqFt
+$4,900
+2.6%
Based on all homes sold in the last 12 months
Insight
Homes in Redwood Falls have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Redwood Falls was $189,900 in January 2025, up 2.6% from last year, and the median price per square foot was $107.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Redwood Falls Township | $185K | $189.9K | +2.6% |
| Redwood Falls | $185K | $189.9K | +2.6% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $66.7K | N/A |
| 22 Bedrooms | $169.9K | $102.7K | -39.6% |
| 33 Bedrooms | $174K | $189.9K | +9.1% |
| 44 Bedrooms | $235K | $247.7K | +5.4% |
| 55+ Bedrooms | $332.7K | $319.5K | -4.0% |
Summary: Redwood Falls housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -39.6%. The home price for 3 bedroom homes increased by +9.1%. The home price for 4 bedroom homes increased by +5.4%. The home price for 5 bedroom homes decreased by -4.0%.
Housing supply in Redwood Falls, MN
How many homes are available in Redwood Falls, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 22Last MonthJan 2025 | ||
| 232 months agoDec 2024 | -4.3 % Change MoMDec – Jan |
Summary: The Redwood Falls real estate market had 22 homes for sale in Jan 2025, a 4.3 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 3Last MonthJan 2025 | ||
| 32 months agoDec 2024 | 0.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 2 | -33.3% |
| 33 Bedrooms | 7 | 9 | +28.6% |
| 44 Bedrooms | 10 | 8 | -20.0% |
| 55+ Bedrooms | 3 | 3 | 0.0% |
Summary: Redwood Falls housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -33.3%. The inventory for 3 bedroom homes increased by +28.6%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Redwood Falls, MN cost?
Over Asking Price0 Home
At Asking Price3 Homes
Under Asking Price0 Home
Insight
If you're buying a home in Redwood Falls, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Redwood Falls in January 2025, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.
Days on Market for Redwood Falls, MN
How long does it take to sell a home in Redwood Falls, MN?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Redwood Falls are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 3 homes were sold in Redwood Falls; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 19 DaysThis YearJan 2025 | ||
| 109 Days1 year agoJan 2024 | -82.6 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Redwood Falls had an average listing age of 19 days in Jan 2025, down by 82.6% compared to the previous year.
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Newest Listings in Redwood Falls, MN
What homes are available in Redwood Falls, MN?
$3,551 Closing Credit¹
#6636053, Listing Office: Minnesota Lands and Homes Real Estate
3D tour
$3,324 Closing Credit¹
#6633698, Listing Office: Re/Max Realty Plus
$3,146 Closing Credit¹
#6626234, Listing Office: Kerkhoff Auction & Real Estate
$3,561 Closing Credit¹
#6622661, Listing Office: Kerkhoff Auction & Real Estate
$3,122 Closing Credit¹
#6615431, Listing Office: Kerkhoff Auction & Real Estate
#6615371, Listing Office: Kerkhoff Auction & Real Estate
$5,047 Closing Credit¹
#6607890, Listing Office: Kerkhoff Auction & Real Estate
$2,849 Closing Credit¹
#6611590, Listing Office: Kerkhoff Auction & Real Estate
$2,126 Closing Credit¹
#6592267, Listing Office: Kerkhoff Auction & Real Estate
$3,621 Closing Credit¹
#6581146, Listing Office: Re/Max Realty Plus
$4,732 Closing Credit¹
#6543576, Listing Office: Minnesota Lands and Homes Real Estate
Nearby markets
Nearby markets aren't available for Redwood Falls, MN
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 02/01/2023 - 02/01/2025
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Last updated on: 2/5/2025, 3:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.