Real Estate Market Update for Red Wing, MN
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 39% from one year earlier, and down 19% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 21%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 170-thousand dollars. The number of units sold increased 18% year-over-year, and increased 30% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript

Map Information for Red Wing, MN

Area Information for Red Wing, MN
  • Population: 16,345
  • Median Age: 42.12 yr
  • Median Commute Time: 17 mins
  • Educational Climate*: 4
  • Sales Tax: 0%
  • Population Density: 472/sq mi
  • Population Change Since 2000: 1.32%
  • Closest Airport: Rochester International
  • Closest College: University Of Wisconsin-river Falls
  • Closest Jr. College: Mn State College Se Tech-redwing
  • Median Household Income: $52,313
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $195,000
  • Closest Major Sports Team: Minnesota Wild
  • Change Avg. Household Income Since 2000: 27.16%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Red Wing, MN
Median Age: 42.12 Married: 42% Number of Households: 6,982 Households with Children: 1,787
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Red Wing, MN

      School Name Distance Type Grades School Rating Parent Rating
      Youthbuild - Workforce Development, Inc 0.4 mi Public UNGRADE-UNGRADE 0 0
      Sunnyside Elementary School 0.4 mi Public K-2 0 0
      St Johns Lutheran School 0.8 mi Private PRESCHOOL-8 0 0
      Twin Bluff Middle School 1.0 mi Public 5-7 3 0
      Pathways Program 1.0 mi Public 6-7 0 0
      Colvill Family Education Center 1.3 mi Public PRESCHOOL-PRESCHOOL 0 0
      Red Wing Senior High School 2.2 mi Public 8-12 3 3
      Red Cottage Montessori School 3.7 mi Private PRESCHOOL-5 0 0
      Burnside Elementary. 4.1 mi Public 2-4 1 0
      Tower View Alternative High School 4.5 mi Public 10-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Red Wing, MN
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
        CHOOSE YOUR LANGUAGE