Market Intelligence Report — MN-860

Red Wing, MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-08
As of the latest 2026 data
Cooling

Median Listing

$375K
+4.2% YoY

Pending Ratio

0.33
-19.7% YoY

Active Inventory

184
+41.5% YoY

Median DOM

58 Days
+0.9% YoY

Primary Intelligence Tool — Sold Score™

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The Red Wing metro area is exhibiting cooling market conditions, with the pending ratio currently at 0.33. This indicates a sustained period where demand absorption is significantly trailing available supply. Active listings have expanded by 41.5% over the past year, contributing to this dynamic.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Red Wing market right now.

Inventory growth remains a dominant trend, with active listings increasing by 41.5% year-over-year. Despite this, new listings have contracted by 6.3% over the past year. The median listing price has shown modest appreciation, rising 4.2% year-over-year, while the median price per square foot has seen a decline of 4.2% over the same period. The pending ratio has contracted by 19.7% year-over-year, reinforcing the decelerating market pace.

Historical Analysis

Market Trends

Median Price

$375K+2.2% MoM

Active Inventory

184+41.5% YoY

Days on Market

58+0.9% YoY

Sold Score™

34-19.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

34
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The expansion in available active inventory, coupled with a contracting pending ratio, suggests reduced pressure on buyers to engage in competitive bidding scenarios. The extended median days on market, currently at 58, further indicates that transactions are occurring at a more deliberate pace. This environment generally necessitates greater price discipline from sellers to achieve successful closings.

Luxury Segment

The average listing price has increased by 2.8% year-over-year, while the median price per square foot has declined by 4.2%. This divergence, combined with an elevated average-to-median price spread, suggests some softness developing within the higher-priced segments of the market.

Supply Dynamics

184 active listings represent the current floor, with new supply arriving at roughly 60 per month.

Pricing Pressure
21.6%

of active listings carry a price reduction, +8.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -4.2% year-over-year.

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Red Wing, MN? Inventory is up 42% from last year.

Buyers have leverage in Red Wing, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
33%
Median Days on Market
58 days
Inventory YoY
+42%

In a buyer's market, strategy beats timing. See how your home scores in Red Wing, MN and what moves the number.

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Metro Demographics

Metro Area
Red Wing, MN
CBSA Code
39860
State
MN

ZIPs in Red Wing, MN

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Red Wing?+

    As of the latest 2026 data, the Red Wing metro is classified as Cooling. Pending ratio is 0.33 with median days on market at 58.

  • Are home prices dropping in Red Wing?+

    Median listing price is $375K, +4.2% year over year. 21.6% of active listings carry a price reduction.

  • How fast are homes selling in Red Wing?+

    The typical listing sits 58 days on market, a +0.9% change YoY. New listings are arriving at 60 per month.

  • What's happening in the Red Wing luxury market?+

    The average listing price has increased by 2.8% year-over-year, while the median price per square foot has declined by 4.2%. This divergence, combined with an elevated average-to-median price spread, suggests some softness developing within the higher-priced segments of the market.

  • Where can I find a trusted Red Wing real estate expert?+

    Primpted maintains a vetted registry of Red Wing agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 39860 · 36mo history