53 homes sold in Credit River in the last year, at a typical $919K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Credit River homes are listed.
Every place Credit River homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Credit River.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Credit River’s sales, at a typical $929K
53 homes sold in the year to May 2026.
typical sale · 52 sold in 12 months
- Per square foot
- $235MN $191
- Days to sell
- 41
- Sold over asking
- 31%
- Listings with a price cut
- 22%
Multi-family (2–4 units): 1 sold, typical $420K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at 1.7 times the 2016 price
53 sales in the last year, against 100 in 2020 and a low of 56 in 2023. The typical sale went from $527K in 2016 to $919K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $900K buys in Credit River
Check a listing against what Credit River homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Credit River are more common than before the pandemic, but 58% fewer homes come up for sale
We read every month of Credit River’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 53 sales.
If you’re buying in Credit River
- Shop in April. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (19% over asking).
- Some room to negotiate. 20% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 98.3% of the list price on average; 30% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 41 days.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 11 a month), but June is the most competitive: 35% of June sales close over asking. December has the least competition (10%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Minnesota as a whole
| Credit River now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 16% | 40% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 26% | 45% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 20% | 22% | 17% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.3% | 97.6% | 99.5% | 99.2% |
| Days to sellMedian days from listing to contract | 41 | 85 | 24 | 35 |
15 homes for sale on a typical day
That’s 1.3 times the 2021 low (12), 58% fewer than in 2017–19 and well under 2015’s 49.
1 in 5 listings has cut its price
20% in the last year, against 22% in 2017–19 and 28% across Minnesota.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Credit River home costs about $5,430 a month
Price: Credit River’s typical sale, last 12 months. Property tax at Credit River’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Credit River is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $919K home, about $7,620 a year.
Taxes vs. neighborsSchools
The schools grade for Credit River, from test results, graduation and how much students grow.
Schools in Credit RiverTypical commute
The average one-way trip to work for people who live in Credit River.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lakeville, Prior Lake, Savage, Elko New Market, Burnsville and Shakopee sell for less a square foot
The busier markets within 25 miles of Credit River, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Lakeville | 1,046 | $494K | $197 | 33% | 40 |
| Shakopee | 670 | $413K | $193 | 27% | 37 |
| Burnsville | 653 | $387K | $175 | 42% | 28 |
| Prior Lake | 409 | $477K | $197 | 26% | 38 |
| Savage | 370 | $432K | $186 | 30% | 33 |
| Elko New Market | 129 | $439K | $183 | 29% | 53 |
| Credit River | 53 | $919K | $233 | 30% | 41 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Credit River, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Credit River. People who follow the town see it, and so do people comparing Credit River with their own town. No commission, no listing fee.
Questions about buying a home in Credit River
What do homes sell for in Credit River, MN?
53 homes sold in the year to May 2026 at a typical $919K, $233 a square foot.
Is Credit River a buyer’s or seller’s market?
A seller’s market: 17 homes were for sale in May 2026 and 6 sold, about 2.8 months of supply. Buyers paid 98.3% of asking on average, and 20% of listings cut their price.
When is the best time to buy in Credit River?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Credit River?
About 0.8% of a home’s value a year. On a $919K home that’s near $7,620.
Where can I see homes for sale in Credit River?
Zillow, Redfin, Realtor.com and Homes.com all carry Credit River’s MLS listings; the search links above open each one filtered to Credit River.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).