Comprehensive market data and analysis• Updated Dec 2025
4.1 months of supply
Low inventory favors sellers with higher prices and faster sales.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 3 | 6 | 8 | 12 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | 2 | 2 | 2 |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 8 | 10 | 15 |
Acreage buckets
The median price for land in Red Wing, Minnesota is currently $143K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $44K while premium lots reached $324K.
Red Wing, Minnesota is currently a seller's market with 4.1 months of supply. Buyers should be prepared to move quickly and may face competitive pricing. Prices have decreased 9.1% year-over-year.
Red Wing, Minnesota currently has 4.1 months of inventory supply. This indicates a seller's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Red Wing, Minnesota is 24.2%. The 12-month rate is 11.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Red Wing, Minnesota saw 15 properties sold, totaling $2.0M in sales volume. In just the last 3 months, 8 properties changed hands.
The median land price in Red Wing, Minnesota stands at $70K. This translates to roughly $143K per acre for the typical parcel size. The average price is $135K, indicating some higher-priced properties pulling up the average.
Land in Red Wing, Minnesota averages $622.6M per acre. The median price per acre is $143K, which may be more representative of typical transactions. Most parcels sold are around 14,375 sq ft.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
