Red Wing Waterworks · Photo: McGhiever · CC BY-SA 3.0241 homes sold in Red Wing in the last year, at a typical $269K
About one sale in 4 is a condo. 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 Red Wing homes are listed.
Every place Red Wing 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 Red Wing.
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.
6% of Red Wing’s sales are condos, at $72K less than a house
181 houses and 14 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 181 sold in 12 months
- Per square foot
- $148MN $191
- Days to sell
- 33
- Sold over asking
- 29%
- Listings with a price cut
- 32%
typical sale · 14 sold in 12 months
- Per square foot
- $170MN $205
- Days to sell
- 70
- Sold over asking
- 21%
- Listings with a price cut
- 32%
Multi-family (2–4 units): 6 sold, typical $234K
Townhouses: 40 sold, typical $302K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.7 times the 2016 price
241 sales in the last year, against 319 in 2020 and a low of 197 in 2012. The typical sale went from $157K in 2016 to $269K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Red Wing
Check a listing against what Red Wing 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 Red Wing are rarer than before the pandemic, with about as many homes for sale
We read every month of Red Wing’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, 241 sales.
If you’re buying in Red Wing
- Shop in August. It brings about 30 new listings a month, close to the busiest month, with fewer bidding wars (28% over asking).
- You can negotiate. 29% of listings have cut their price, against 23% before the pandemic.
- Bid near asking. Buyers paid 98.6% of the list price on average; 25% paid over.
- You’ll usually have time. Only 38% of homes go under contract within two weeks; the typical one takes 46 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 35 a month), but June is the most competitive: 37% of June sales close over asking. August offers nearly as much choice with fewer homes bid up (28%). February has the least competition (23%) but only about 18 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Red Wing now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 25% | 30% | 42% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 38% | 41% | 51% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 29% | 23% | 25% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.6% | 99% | 100.7% | 99.2% |
| Days to sellMedian days from listing to contract | 46 | 38 | 30 | 35 |
55 homes for sale on a typical day
That’s 1.6 times the 2021 low (34), about the 2017–19 level and well under 2012’s 140.
1 in 3 listings has cut its price
29% in the last year, against 23% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
Since 2019, houses are up 39%, condos 55%
A house typically sold for $268K in the last year (181 sales), a condo for $197K (14).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Red Wing ranks 114th of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Red Wing is one of the state’s calmer markets.
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 Red Wing home costs about $1,666 a month
Price: Red Wing’s typical sale, last 12 months. Property tax at Red Wing’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Red Wing is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 11.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $269K home, about $3,140 a year.
Taxes vs. neighborsSchools
The schools grade for Red Wing, from test results, graduation and how much students grow.
Schools in Red WingTypical commute
The average one-way trip to work for people who live in Red Wing.
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.
No busy market nearby sells for less a square foot; Prescott and River Falls for far more
The busier markets within 25 miles of Red Wing, 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 | |
|---|---|---|---|---|---|
| Hastings | 302 | $341K | $184 | 38% | 26 |
| Red Wing | 241 | $269K | $154 | 25% | 46 |
| River Falls | 213 | $393K | $203 | 33% | 51 |
| Lake City | 90 | $307K | $173 | 20% | 36 |
| Cannon Falls | 60 | $332K | $184 | 22% | 62 |
| Prescott | 58 | $390K | $192 | 38% | 68 |
| Ellsworth | 39 | $315K | $168 | 46% | 49 |
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 Red Wing, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Red Wing. People who follow the town see it, and so do people comparing Red Wing with their own town. No commission, no listing fee.
Questions about buying a home in Red Wing
What do homes sell for in Red Wing, MN?
241 homes sold in the year to May 2026 at a typical $269K, $154 a square foot. Houses sold for about $268K, condos for about $197K.
Is Red Wing a buyer’s or seller’s market?
A seller’s market: 55 homes were for sale in May 2026 and 27 sold, about 2 months of supply. Buyers paid 98.6% of asking on average, and 29% of listings cut their price.
When is the best time to buy in Red Wing?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Red Wing?
About 1.2% of a home’s value a year. On a $269K home that’s near $3,140.
Where can I see homes for sale in Red Wing?
Zillow, Redfin, Realtor.com and Homes.com all carry Red Wing’s MLS listings; the search links above open each one filtered to Red Wing.
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).