Is Redwood Falls, MN 56283 a buyer’s or seller’s market?
Redwood Falls is a seller’s market. With about 3.1 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score31/ 100
More competitive than 27% of U.S. ZIP codes, and #276 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply3.1Under 4 months = seller’s market
Sold above original list12.5%Share of sales, last 3 months
Median sale-to-list96.1%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$118▲ +12.5% vs. last year
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Nearby markets
Belview 56214 — /sq ftClements 56224 — /sq ftLamberton 56152Seller’s market $90 /sq ftLucan 56255 $139 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology