Is Red Wing, MN 55066 a buyer’s or seller’s market?

The Red Wing housing market right now

In the three months ending August 31, 2026, 31% of homes in Red Wing, MN 55066 sold above their list price, the typical home went under contract in 28 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 67 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 21%, homes sold more slowly (26 days then) and the median sale price rose 3% to $294,872. Overall, Red Wing is more competitive than a year ago, so tougher for buyers.

Within Goodhue County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Red Wing ranks #158 of 296 MN ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Welch 55089 (0% sold over asking) or Frontenac 55026 (0% sold over asking), while Dennison 55018 (50% sold over asking) and Goodhue 55027 (43% sold over asking) are even more competitive.