Red Wing, MN Housing Market

Red Wing, MN's median home value is $330K, up 6.7% over the past year. Homes here sell in a median 38 days. Its PropertyIQ Score of 58 sits right around the state average of 50.

Understanding the Red Wing, MN housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this MN metro is set to perform relative to the rest of its state.

Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Red Wing, MN's PropertyIQ Score of 58 tracks near the Midwest norm.

Each month, PropertyIQ updates its score for Red Wing, MN using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state.

Use PropertyIQ's interactive analytics to compare Red Wing, MN against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.