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RED LAKE FALLS, MN 56750

Real Estate Market Report  ·  Red Lake County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The RED LAKE FALLS, MN real estate market (56750) currently shows 9 active listings, with 2 pending sales. Homes are averaging 137 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 137 days on market compared to 53 days last year.

The median listing price has fallen 24% year-over-year, from $235,000 to $178,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
9
⇧ 12.5% vs 8 last year
Pending
2
22% pending ratio
Median Price
$178,500
⇩ 24% vs $235,000 last year
Average Price
$187,313
⇩ 33.2% vs $280,500 last year
Days on Market
137
⇧ 158.5% vs 53 days last year

Price Per Square Foot

Median $/sqft
$101
⇩ 9.8% vs $112/sqft last year
Median Home Size
2,612 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 8 last year
  • Days on market: 137 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $178,500 (-24% YoY)
  • Average: $187,313 (-33.2% 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 39.3 miles — 94 listings ($24,541,098 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56750Red Lake Falls, MN 567500.0 mi11$2,019,600$133,950$183,600
56736Mentor, MN 5673613.1 mi9$4,063,986$361,750$451,554
56716Crookston, MN 5671615.6 mi34$6,269,974$184,700$184,411
56722Euclid, MN 5672217.2 mi1$75,000$75,000$75,000
56535Erskine, MN 5653519.0 mi7$6,064,723$861,238$866,389
56540Fertile, MN 5654024.1 mi6$1,153,800$199,999$192,300
56556Mcintosh, MN 5655625.0 mi7$1,132,460$185,000$161,780
56523Climax, MN 5652329.3 mi2$289,000$144,500$144,500
56738Newfolden, MN 5673831.4 mi2$475,900$237,950$237,950
56542Fosston, MN 5654235.0 mi9$1,666,854$188,200$185,206
56644Gonvick, MN 5664437.4 mi3$980,001$385,000$326,667
56737Middle River, MN 5673738.4 mi2$179,800$89,900$89,900
56710Alvarado, MN 5671039.3 mi1$170,000$170,000$170,000

Frequently Asked Questions

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

As of March 2026, there are 9 active listings in RED LAKE FALLS, MN (zip code 56750), compared to 8 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 $178,500 as of March 2026, a 24% decrease from $235,000 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 137 days on the market before going under contract, compared to 53 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 March 2026, RED LAKE FALLS, MN 56750 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 137 days on market compared to 53 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 $3,570 compared to a typical 5% commission on the median listing price of $178,500. 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.