Data as of April 2026. Source: Realtor.com.
The REDWOOD FALLS, MN real estate market (56283) currently shows 33 active listings, with 7 pending sales. Homes are averaging 91 days on the market before going under contract.
Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 91 days on market compared to 67 days last year.
The median listing price has fallen 19.2% year-over-year, from $262,425 to $211,950.
Whether you are buying or selling in REDWOOD FALLS, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 6,410 · Density: 13.9/mi² · Median household income: $67,766
Typical home value: $171,327 · Homeownership: 74.7%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56283 | Redwood Falls, MN 56283 | 0.0 mi | 31 | $7,679,103 | $199,900 | $247,713 |
| 56293 | Wabasso, MN 56293 | 10.1 mi | 2 | $207,000 | $103,500 | $103,500 |
| 56266 | Morgan, MN 56266 | 13.8 mi | 5 | $1,003,390 | $240,250 | $200,678 |
| 56255 | Lucan, MN 56255 | 16.6 mi | 2 | $424,850 | $212,425 | $212,425 |
| 56277 | Olivia, MN 56277 | 17.9 mi | 14 | $3,277,484 | $238,500 | $234,106 |
| 55310 | Bird Island, MN 55310 | 20.2 mi | 4 | $670,600 | $181,150 | $167,650 |
| 56297 | Wood Lake, MN 56297 | 20.9 mi | 1 | $175,000 | $175,000 | $175,000 |
| 55332 | Fairfax, MN 55332 | 21.4 mi | 3 | $904,200 | $301,400 | $301,400 |
| 56152 | Lamberton, MN 56152 | 22.1 mi | 4 | $635,000 | $180,000 | $158,750 |
| 55342 | Hector, MN 55342 | 24.9 mi | 3 | $771,375 | $202,425 | $257,125 |
| 56180 | Walnut Grove, MN 56180 | 25.6 mi | 6 | $827,232 | $113,750 | $137,872 |
| 56241 | Granite Falls, MN 56241 | 28.2 mi | 14 | $3,489,010 | $228,750 | $249,215 |
| 56229 | Cottonwood, MN 56229 | 28.9 mi | 2 | $428,250 | $214,125 | $214,125 |
As of April 2026, there are 33 active listings in REDWOOD FALLS, MN (zip code 56283), compared to 21 the prior year.
The median listing price in REDWOOD FALLS, MN 56283 is $211,950 as of April 2026, a 19.2% decrease from $262,425 the prior year.
Homes in REDWOOD FALLS, MN 56283 spend an average of 91 days on the market before going under contract, compared to 67 days the prior year.
Based on current inventory and days-on-market data as of April 2026, REDWOOD FALLS, MN 56283 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 91 days on market compared to 67 days last year.
With SELL123.com's maximum 3% commission, sellers in REDWOOD FALLS, MN 56283 save an estimated $4,239 compared to a typical 5% commission on the median listing price of $211,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.