Market report, updated

Market Report

Search in the county of Redwood

LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 6 months, homes sold for 730175.1% of list price in 110 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $198K Sold · $181K
$330K$260K$190K$120K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 24 sales in Jun. Last month: 14.

Where the market stands

All homes in this report, by status.

167homes
Active53 · 32%
Under contract16 · 10%
Sold (6 mo)98 · 59%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

3.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$232K
Under contract$191K
Sold$202K

Average days on market

Active177 days
Under contract89 days
Sold110 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 53
Average list price $232,475
Avg. days on market 177 days
Avg. price per ft² $118 Based on 38 of 53 homes
Avg. living area 2,295 ft² Based on 38 of 53 homes
Avg. beds / baths 3.3 / 2.1

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

15 homes didn’t report living area and aren’t shown.

$900K$600K$300K$0

Price vs. living area: 38 homes plotted, up to $900K and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

14 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

37037 337th Street$224
10509 270th Street$197
100 Edgewood Drive$169
801 Sunrise Boulevard$163
11584 County Highway 7$163
307 Aspenwood Drive$162
515 E Spring Street$156

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
88 Vernon AvenueMorgan, MN 56266 311,272$139,900$1093 days
311 W Pleasant StreetRedwood Falls, MN 56283 533,219$499,900$1553 days
309 S Jefferson StreetRedwood Falls, MN 56283 321,575$139,900$885 days
12356 US Highway 71Sanborn, MN 56083 311,853$199,500$1078 days
212 E Chestnut StreetRedwood Falls, MN 56283 421,206$49,900$417 days
202 E St Olaf AvenueBelview, MN 56214 211,176$83,500$7112 days
507 3rd StreetLucan, MN 56255 431,722$160,000$9212 days
603 E 5th StreetRedwood Falls, MN 56283 421,707$239,900$14030 days
310 N Lincoln StreetRedwood Falls, MN 56283 433,230$490,000$15133 days
10509 270th StreetMilroy, MN 56263 111,008$199,000$19738 days
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Questions about this market?

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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.