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RED LAKE FALLS, MN 56750

Real Estate Market Report  ·  Red Lake County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
11
⇧ 83.3% vs 6 last year
Pending
2
18% pending ratio
Median Price
$129,000
⇩ 29.7% vs $183,500 last year
Average Price
$188,222
⇩ 1.1% vs $190,402 last year
Days on Market
94
⇩ 18.3% vs 115 days last year

Market Context

Population: 2,306  ·  Density: 3.8/mi²  ·  Median household income: $71,563

Typical home value: $153,832  ·  Homeownership: 82.4%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The RED LAKE FALLS, MN real estate market (56750) currently shows 11 active listings, with 2 pending sales. Homes are averaging 94 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 94 days on market compared to 115 days last year.

The median listing price has fallen 29.7% year-over-year, from $183,500 to $129,000.

Whether you are buying or selling in RED LAKE 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 6 last year
  • Days on market: 94 now vs 115 last year

Median & Average Pricing

Year over Year
  • Median: $129,000 (-29.7% YoY)
  • Average: $188,222 (-1.1% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 39.3 miles — 247 listings ($96,846,620 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56750Red Lake Falls, MN 567500.0 mi11$2,070,442$129,000$188,222
56748Plummer, MN 5674813.8 mi1$236,000$236,000$236,000
56701Thief River Falls, MN 5670116.6 mi65$13,593,450$175,000$209,130
56535Erskine, MN 5653519.0 mi6$3,712,620$439,000$618,770
56540Fertile, MN 5654024.1 mi6$1,191,000$199,999$198,500
56556Mcintosh, MN 5655625.0 mi7$1,148,469$185,000$164,067
56592Winger, MN 5659228.1 mi2$318,900$159,450$159,450
56721East Grand Forks, MN 5672130.2 mi20$7,115,840$319,900$355,792
56725Goodridge, MN 5672532.8 mi2$557,000$278,500$278,500
56581Shelly, MN 5658136.8 mi1$184,900$184,900$184,900
56510Ada, MN 5651038.2 mi16$3,901,072$227,500$243,817
58201Grand Forks, ND 5820138.9 mi107$60,161,927$499,999$562,261
58278Thompson, ND 5827839.3 mi3$2,655,000$885,000$885,000

Frequently Asked Questions

How many homes are for sale in RED LAKE FALLS, MN 56750?

As of January 2026, there are 11 active listings in RED LAKE FALLS, MN (zip code 56750), compared to 6 the prior year.

What is the median home price in RED LAKE FALLS, MN 56750?

The median listing price in RED LAKE FALLS, MN 56750 is $129,000 as of January 2026, a 29.7% decrease from $183,500 the prior year.

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

Homes in RED LAKE FALLS, MN 56750 spend an average of 94 days on the market before going under contract, compared to 115 days the prior year.

Is it a seller's or buyer's market in RED LAKE FALLS, MN 56750?

Based on current inventory and days-on-market data as of January 2026, RED LAKE FALLS, MN 56750 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 94 days on market compared to 115 days last year.

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

With SELL123.com's maximum 3% commission, sellers in RED LAKE FALLS, MN 56750 save an estimated $2,580 compared to a typical 5% commission on the median listing price of $129,000. 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.