How much does it cost to buy a house in Red Lake Falls, MN?

In August 2026 Red Lake Falls homes were listed to buy for a median price of $184K, which is a 7% decrease to July 2025 last month, and a 7% decrease to August 2025 last year. The median value of a home listed to buy in Red Lake Falls in August 2026 was $101 per sqft, which is a 4% decrease to July 2025 last month, and a 3% decrease to August 2025 last year.

Is it affordable or expensive to live in Red Lake Falls, MN?

It is affordable to live in Red Lake Falls. Buying a home in Red Lake Falls is 0% less expensive compared with the national average.

Is it a good time to buy property in Red Lake Falls, MN?

Yes now is a good time to buy property in Red Lake Falls, in August 2026, homes in Red Lake Falls have decreased in value (price per sqft) by 3% in the last year compared with August 2025.

Is the Red Lake Falls, MN housing market slowing down?

The housing market in Red Lake Falls is slowing down. In August 2026, homes to buy in Red Lake Falls spent an median 71 days on the market, a 12% decrease from August 2025 last year.

How much money should I make to buy a house in Red Lake Falls, MN?

In August 2026, Red Lake Falls homes were listed to buy for a median price of $184K, with 25% down you would need $1.09K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $37.4K.

Is it a good time to sell my house in Red Lake Falls, MN?

Yes now is a good time to sell your house in Red Lake Falls, in August 2026, homes in Red Lake Falls have decreased in value (price per sqft) by 3% in the last year compared with August 2025.