Housing in Red Wing, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$199,000
Median List Price
$252,500
Price Per Sq Ft
$129
Days on Market
27
Active Inventory
51
Months of Supply
3.4
Seller's market
Zillow Home Value
$276,870
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
13.3%
Off Market in 2 Weeks
23.1%
Sale-to-List Ratio
95.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
15
New Listings
18
Pending Sales
26
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$129
Median List $/SF
$147
Red Wing vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Red Wing is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$224,800
Median Rent
$954
Total Housing Units
7,730
Vacancy Rate
4.6%
Owner Occupied
70.8%
Renter Occupied
29.2%
Median Property Tax
$2,644
per year
Monthly Cost (w/ Mortgage)
$1,113
Housing Types
The current median sale price in Red Wing, MN is $199,000 according to Redfin data. Homes spend a median of 27 days on the market. 13.3% of homes sold above asking price. The market has 3.4 months of supply. The median price per square foot is $129. The median rent is $954 per month (Census ACS). About 70.8% of housing units are owner-occupied. The median year homes were built is 1972. There are 7,730 total housing units.