The Redwood housing market is very competitive. The median sale price of a home in Redwood was $333K last month, down 15.1% since last year. The median sale price per square foot in Redwood is $244, up 16.2% since last year.
In October 2024, Redwood home prices were down 15.1% compared to last year, selling for a median price of $333K. On average, homes in Redwood sell after 18 days on the market compared to 16 days last year. There were 13 homes sold in October this year, up from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$333,000
-15.1% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Redwood, MN
$333,000
-15.1%
United States
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How hot is the Redwood housing market?
Redwood is very competitive. Homes sell in 15 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 15 days.
Hot homes
can sell for about 1% above list price and go pending in around 9 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Redwood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Redwood.
Flood Factor - Minor
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Redwood has a minor risk of flooding. 46 properties in Redwood are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Redwood. Flood risk is increasing faster than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Redwood has a minor risk of wildfire. There are 6 properties in Redwood that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Redwood.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Redwood has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Redwood is most at risk from tornadoes. 857 properties in Redwood have some risk of being in a severe wind event within the next 30 years.