Housing in Deerwood, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — December 2025

Median Sale Price

$912,252

Median List Price

N/A

Price Per Sq Ft

$323

Days on Market

Active Inventory

Months of Supply

3.0

Seller's market

Zillow Home Value

$408,222

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 72.4%List Price ↑ 152.5%Apr 24 → Dec 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

91.2%

Buyer's market

Sold Above Asking

0.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↓ 50.0%New Listings ↓ 50.0%Pending ↓ 75.0%Apr 24 → Dec 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$323

Sale $/SF ↑ 64.0%List $/SF ↓ 3.7%Apr 24 → Dec 25

Deerwood vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Deerwood is highlighted.

Median Home Value

60th%ilemost expensive$214,700show rank

Median Rent

46th%ilemost expensive rent$920show rank

Median Price Per Sq Ft

85th%ilemost expensive $/sqft$323show rank

Rent Burden

43rd%ilehighest rent burden17.6%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$214,700

Median Rent

$920

Total Housing Units

292

Vacancy Rate

22.9%

Owner Occupied

56.4%

Renter Occupied

43.6%

Median Property Tax

$1,468

per year

Monthly Cost (w/ Mortgage)

$1,223

Housing Types

Single Family

62.3%

Multi-Family

28.1%

Mobile Home

9.6%

The current median sale price in Deerwood, MN is $912,252 according to Redfin data. Homes spend a median of 28 days on the market. 0.0% of homes sold above asking price. The market has 3.0 months of supply. The median price per square foot is $323. The median rent is $920 per month (Census ACS). About 56.4% of housing units are owner-occupied. The median year homes were built is 1984. There are 292 total housing units.