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REDWOOD FALLS, MN 56283

Real Estate Market Report  ·  Redwood County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

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.

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Market Context

Market Context

Population: 6,410  ·  Density: 13.9/mi²  ·  Median household income: $67,766

Typical home value: $171,327  ·  Homeownership: 74.7%

Market Overview

Active Listings
33
⇧ 57.1% vs 21 last year
Pending
7
21% pending ratio
Median Price
$211,950
⇩ 19.2% vs $262,425 last year
Average Price
$270,194
⇧ 4.9% vs $257,649 last year
Days on Market
91
⇧ 35.8% vs 67 days last year

Price Per Square Foot

Median $/sqft
$117
⇩ 5.6% vs $124/sqft last year
Median Home Size
2,074 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 33 this year vs 21 last year
  • Days on market: 91 now vs 67 last year

Median & Average Pricing

Year over Year
  • Median: $211,950 (-19.2% YoY)
  • Average: $270,194 (+4.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 28.9 miles — 91 listings ($20,492,494 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56283Redwood Falls, MN 562830.0 mi31$7,679,103$199,900$247,713
56293Wabasso, MN 5629310.1 mi2$207,000$103,500$103,500
56266Morgan, MN 5626613.8 mi5$1,003,390$240,250$200,678
56255Lucan, MN 5625516.6 mi2$424,850$212,425$212,425
56277Olivia, MN 5627717.9 mi14$3,277,484$238,500$234,106
55310Bird Island, MN 5531020.2 mi4$670,600$181,150$167,650
56297Wood Lake, MN 5629720.9 mi1$175,000$175,000$175,000
55332Fairfax, MN 5533221.4 mi3$904,200$301,400$301,400
56152Lamberton, MN 5615222.1 mi4$635,000$180,000$158,750
55342Hector, MN 5534224.9 mi3$771,375$202,425$257,125
56180Walnut Grove, MN 5618025.6 mi6$827,232$113,750$137,872
56241Granite Falls, MN 5624128.2 mi14$3,489,010$228,750$249,215
56229Cottonwood, MN 5622928.9 mi2$428,250$214,125$214,125

Frequently Asked Questions

How many homes are for sale in REDWOOD FALLS, MN 56283?

As of April 2026, there are 33 active listings in REDWOOD FALLS, MN (zip code 56283), compared to 21 the prior year.

What is the median home price in REDWOOD FALLS, MN 56283?

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.

How long do homes stay on the market in REDWOOD FALLS, MN?

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.

Is it a seller's or buyer's market in REDWOOD FALLS, MN 56283?

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.

How much can I save on real estate commission in REDWOOD FALLS, MN?

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.