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ZIP 56283 in Redwood Falls, MN: housing market trends

The median home sale price in ZIP 56283 in Redwood Falls, MN was $231,832 for the three-month period ending September 2026. Sale prices were 2.0% lower than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$231,832
three-month period ending September 2026
Median sale price per sq ft
$117.94
three-month period ending September 2026
Active listings
47
three-month period ending September 2026
Typical monthly rent
Unavailable
Rent index · unavailable date

How is housing inventory changing?

There were 47 active listings for the three-month period ending September 2026. Active listings were 13.0% lower than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 42 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for ZIP 56283 in Redwood Falls, MN
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$231,832$117.9421
Single-familySeptember 2026$233,391$120.7320
TownhousesSeptember 2026UnavailableUnavailableUnavailable
Condos / co-opsSeptember 2026$149,996$112.951 · small sample
Multifamily (2–4 units)September 2026UnavailableUnavailableUnavailable

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for ZIP 56283 in Redwood Falls, MN
MarketMedian sale priceReporting period / source
Redwood Falls, MN$228,8913 months ending September 2026 · Redfin
Franklin, MN$200,9043 months ending September 2026 · Redfin
Vesta, MN$163,3223 months ending September 2026 · Redfin
Morgan, MN$221,8943 months ending September 2026 · Redfin
Echo, MN$67,0003 months ending December 2025 · Redfin
Danube, MN$324,8453 months ending September 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for ZIP 56283 in Redwood Falls, MN
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$231,832$117.9447
August 2026$229,000$122.3550
July 2026$201,000$107.7053
June 2026$180,000$94.2453
May 2026$166,000$93.8454
April 2026$166,000$93.8451
March 2026$160,000$102.3138
February 2026$156,000$119.2741
January 2026$156,000$119.2739
December 2025$182,500$115.1942
November 2025$230,000$110.6446
October 2025$244,950$110.8744
September 2025$236,500$106.0154
August 2025$235,750$104.5250
July 2025$235,000$98.9348
June 2025$224,500$106.7143
May 2025$219,000$107.9236
April 2025$125,000$99.3829
March 2025$117,500$109.1330
February 2025$125,000$109.2726
January 2025$163,700$89.3432
December 2024$173,750$102.3333
November 2024$170,000$83.4534
October 2024$188,000$115.8236

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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