Red Wing Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Red Wing averaged 6.08% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.1% and one month ago for the week of 2023-04-20, the average rate was 6%.

Red Wing's average rate one year ago was 5.16%.

For refis of the same type during the week of 2023-05-25, the average rate was 5.86%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Red Wing 30 Year Fixed Rate 2023-05-25 6.08%
Red Wing 30 Year Fixed Rate Refi 2023-05-25 5.86%
Red Wing 15 Year Fixed Rate 2023-05-25 6.17%
Red Wing 15 Year Fixed Rate Refi 2023-05-25 6.57%
Red Wing 30 Year FHA 2023-05-25 6.31%
Red Wing 30 Year FHA Refi 2023-05-25 6.61%
Red Wing 30 Year USDA 2023-05-25 6.83%
Red Wing 30 Year USDA Refi 2023-05-25 6.83%
Red Wing 30 Year VA 2023-05-25 6.61%
Red Wing 30 Year VA Refi 2023-05-25 6.41%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Red Wing, MN.

Red Wing Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Red Wing, MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Merchants Bank 58 4.40% $3,454
Bell Bank 52 5.06% $5,291
UNITED WHOLESALE MORTGAGE, LLC 35 5.54% $6,024
NEWREZ LLC 32 5.13% $4,987
LOANDEPOT.COM, LLC 30 4.93% $5,629
Wells Fargo Bank 27 4.74% $4,367
GUARANTEED RATE, INC. 23 4.85% $5,392
QUICKEN LOANS, LLC 16 4.72% $6,083
FREEDOM MORTGAGE CORPORATION 16 4.74% $5,557
WINGS FINANCIAL 13 4.63% $3,073
ALTRA 13 4.80% $3,880
Servion, Inc. 12 4.91% $5,339
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 5.29% $3,922
Prosperity Home Mortgage, LLC 10 5.06% $3,970
CROSSCOUNTRY MORTGAGE, LLC 10 4.92% $6,173
BROKER SOLUTIONS, INC. 10 5.20% $5,816
CARDINAL FINANCIAL 9 4.29% $7,288
Think Mutual Bank 9 4.72% $6,118
U.S. Bank 9 4.18% $5,188
RESULTS MORTGAGE, LLC 8 4.69% $5,127
COMPEER FINANCIAL, FLCA 7 5.66% $4,020
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 5.40% $5,516
Tradition Mortgage, LLC 5 5.50% $3,530
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 4 4.47% $3,224
The Huntington National Bank 4 4.38% $4,487
Alerus Financial 4 4.63% $3,309
Flagstar Bank, FSB 4 5.43% $4,751
Mr. Cooper ( Nationstar Mortgage ) 4 5.69% $5,674
HomeTown Bank 4 5.30% $4,417
Home Federal Savings Bank 4 4.81% $5,415
GoPrime Mortgage, Inc. 3 3.88% $3,156
Bank Midwest 3 4.50% $3,551
AFFINITY PLUS 3 4.71% $4,205
PENNYMAC LOAN SERVICES, LLC 3 4.54% $8,391
Goldwater Bank, N.A. 3 6.00% $6,351
WNB Financial, N.A. 2 4.50% $5,927
Ally Bank 2 4.56% $3,636
Associated Bank 2 3.19% $4,341
CALIBER HOME LOANS, INC. 2 6.13% $3,476
Deere Employees Credit Union 2 3.31% $3,092
ENVOY MORTGAGE, LTD 2 5.38% $5,002
EVERETT FINANCIAL, INC. 2 4.81% $2,564
First Alliance Credit Union 2 4.81% $4,500
First Federal Bank 2 3.25% $4,403
GUARANTEED RATE AFFINITY, LLC 2 5.68% $4,100
HOME POINT FINANCIAL CORPORATION 2 5.43% $4,210
Hometown Lenders, Inc. 2 3.94% $7,500
IDEAL 2 5.25% $3,110
Ixonia Bank 2 5.99% $5,113
Mortgages Unlimited Inc. 2 5.75% $6,229
Royal Credit Union 2 4.69% $6,397
Summit Mortgage Corporation 2 5.19% $8,474
THRIVENT Federal Credit Union 2 4.94% $5,488
WESTconsin Credit Union 2 4.81% $2,972
EMBRACE HOME LOANS, INC. 1 6.13% $8,669
UNION HOME MORTGAGE CORP. 1 4.88% $7,801
HOMESTAR FINANCIAL CORPORATION 1 3.38% $2,708
DATA MORTGAGE, INC. 1 6.88% $8,556
AXIA FINANCIAL, LLC 1 5.50% $5,324
USAA Federal Savings Bank 1 6.75% $3,698
ASHLAND Credit Union 1 5.00% $4,899
JPMorgan Chase Bank 1 6.13% $3,880
LAKEVIEW LOAN SERVICING, LLC 1 5.13% $10,771
Liberty Savings Bank, F.S.B. 1 4.25% $5,904
CRESCENT MORTGAGE COMPANY 1 5.63% $3,063
MEGASTAR FINANCIAL CORP. 1 6.13% $2,304
CORTRUST MORTGAGE, INC. 1 6.00% $4,883
Mortgage Research Center, LLC 1 4.75% $3,903
Waterstone Mortgage Corporation 1 3.50% $6,984
MOVEMENT MORTGAGE, LLC 1 5.88% $5,848
COMPASS MORTGAGE, INC. 1 5.13% $3,699
M&T Bank 1 5.75% $4,366
Nations Lending Corporation 1 3.25% $11,481
CMG MORTGAGE, INC. 1 4.50% $4,580
North American Savings Bank, F.S.B. 1 5.00% $3,204
Old National Bank 1 6.13% $2,381
Citizens Bank 1 4.88% $4,935
PHH Mortgage Corporation 1 3.63% $4,776
Plains Commerce Bank 1 5.38% $7,255
PNC Bank 1 3.75% $3,008
Century Mortgage Company DBA Century Lending Company 1 6.88% $2,981
Carrington Mortgage Services, LLC 1 5.50% $11,046
Bremer Bank 1 4.38% $7,820
Quontic Bank 1 6.75% $7,079
BAY EQUITY LLC 1 6.88% $4,285
AmeriHome Mortgage Company, LLC 1 5.99% $6,258
ROYAL UNITED MORTGAGE LLC 1 3.13% $7,726
S1L, Inc. 1 4.88% $9,281
Baxter Credit Union 1 5.75% $3,592
SPIRE Credit Union 1 5.50% $4,437
American Mortgage & Equity Consultants, Inc. 1 4.75% $5,466
Barrington Bank & Trust Company, N.A. 1 4.18% $4,203
Bank of England 1 3.88% $3,797
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $6,645
TOPLINE FEDERAL CREDIT UNION 1 4.75% $4,018
Bank of America 1 3.63% $2,648
Truist 1 5.49% $3,269
Gate City Bank 1 5.00% $3,948
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.00% $7,851
First Guaranty Mortgage Corporation 1 4.63% $5,458
First Dakota National Bank 1 4.23% $3,140
Bank Five Nine 1 5.13% $3,382
FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $6,188
GUARANTY HOME MORTGAGE CORPORATION 1 5.38% $4,987
GUIDANCE RESIDENTIAL, LLC 1 3.88% $3,640
Heritage Bank 1 5.38% $4,497
HIWAY 1 4.50% $4,720

Red Wing Average Closing Costs & Other Stats

Red Wing, MN's 107 lenders originated 1,200 loans during 2022. The total origination value was $303,990,000, with an average loan value of $253,325.

Red Wing's average closing costs are $4,721.

The top Red Wing lender as defined by loan originations is Merchants Bank, with 58 loans originated. Their average total fees are $3,454, which is $1,837 lower than the next largest lender, Bell Bank.

The lowest fee Red Wing lenders (with over 10 loans originated) are WINGS FINANCIAL ($3,073), Merchants Bank ($3,454), ALTRA ($3,880), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,922) and Prosperity Home Mortgage, LLC ($3,970).

The lowest rate Red Wing lenders (with over 10 loans originated) are Merchants Bank (4.40%), WINGS FINANCIAL (4.63%), QUICKEN LOANS, LLC (4.72%), Wells Fargo Bank (4.74%) and FREEDOM MORTGAGE CORPORATION (4.74%).

Red Wing, MN Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
Merchants Bank $46,870,000 $44,085,000 -5.9% 14.5%
JONES LANG LASALLE MULTIFAMILY, LLC $9,405,000 $25,430,000 170.4% 8.4%
Bell Bank $34,045,000 $22,840,000 -32.9% 7.5%
UNITED WHOLESALE MORTGAGE, LLC $19,090,000 $14,930,000 -21.8% 4.9%
ALTRA $3,110,000 $14,590,000 369.1% 4.8%
LOANDEPOT.COM, LLC $19,165,000 $10,775,000 -43.8% 3.5%
Wells Fargo Bank $21,970,000 $10,330,000 -53.0% 3.4%
NEWREZ LLC $2,170,000 $9,810,000 352.1% 3.2%
GUARANTEED RATE, INC. $13,730,000 $8,195,000 -40.3% 2.7%
QUICKEN LOANS, LLC $28,350,000 $8,150,000 -71.3% 2.7%
FREEDOM MORTGAGE CORPORATION $31,120,000 $7,400,000 -76.2% 2.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,655,000 $5,460,000 17.3% 1.8%
U.S. Bank $9,035,000 $5,120,000 -43.3% 1.7%
Think Mutual Bank $8,840,000 $4,950,000 -44.0% 1.6%
Prosperity Home Mortgage, LLC $8,020,000 $4,520,000 -43.6% 1.5%
CROSSCOUNTRY MORTGAGE, LLC $7,310,000 $4,430,000 -39.4% 1.5%
BROKER SOLUTIONS, INC. $1,620,000 $3,635,000 124.4% 1.2%
WINGS FINANCIAL $3,670,000 $3,585,000 -2.3% 1.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $6,350,000 $3,575,000 -43.7% 1.2%
Servion, Inc. $9,130,000 $3,215,000 -64.8% 1.1%
Mortgage Research Center, LLC $4,000,000 $2,845,000 -28.9% 0.9%
RESULTS MORTGAGE, LLC $1,875,000 $2,790,000 48.8% 0.9%
AFFINITY PLUS $6,055,000 $2,550,000 -57.9% 0.8%
PENNYMAC LOAN SERVICES, LLC $6,510,000 $2,530,000 -61.1% 0.8%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $4,085,000 $2,275,000 -44.3% 0.7%
Home Federal Savings Bank $4,360,000 $2,160,000 -50.5% 0.7%
COMPEER FINANCIAL, FLCA $6,160,000 $2,110,000 -65.7% 0.7%
HOME POINT FINANCIAL CORPORATION $3,005,000 $2,025,000 -32.6% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $4,255,000 $1,830,000 -57.0% 0.6%
The Huntington National Bank $1,025,000 $1,830,000 78.5% 0.6%
Citizens Community Federal $1,845,000 $1,750,000 -5.1% 0.6%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,620,000 $1,715,000 -52.6% 0.6%
Associated Bank $6,175,000 $1,660,000 -73.1% 0.5%
Alerus Financial $1,230,000 $1,505,000 22.4% 0.5%
USAA Federal Savings Bank $1,225,000 $1,505,000 22.9% 0.5%
Bank Midwest $1,495,000 n/a 0.5%
CALIBER HOME LOANS, INC. $17,180,000 $1,490,000 -91.3% 0.5%
WESTconsin Credit Union $495,000 $1,440,000 190.9% 0.5%
Summit Mortgage Corporation $1,070,000 $1,430,000 33.6% 0.5%
Community Resource Bank $2,975,000 $1,305,000 -56.1% 0.4%
Tradition Mortgage, LLC $4,235,000 $1,275,000 -69.9% 0.4%
Carrington Mortgage Services, LLC $1,215,000 $1,265,000 4.1% 0.4%
Royal Credit Union $1,195,000 $1,255,000 5.0% 0.4%
Barrington Bank & Trust Company, N.A. $4,410,000 $1,230,000 -72.1% 0.4%
Hometown Lenders, Inc. $365,000 $1,220,000 234.2% 0.4%
American Mortgage & Equity Consultants, Inc. $740,000 $1,180,000 59.5% 0.4%
SPIRE Credit Union $420,000 $1,170,000 178.6% 0.4%
Flagstar Bank, FSB $2,690,000 $1,130,000 -58.0% 0.4%
AXIA FINANCIAL, LLC $1,405,000 $1,125,000 -19.9% 0.4%
GUARANTEED RATE AFFINITY, LLC $2,645,000 $985,000 -62.8% 0.3%
EVERETT FINANCIAL, INC. $175,000 $935,000 434.3% 0.3%
EMBRACE HOME LOANS, INC. $225,000 $930,000 313.3% 0.3%
Alliance Bank $4,900,000 $895,000 -81.7% 0.3%
Goldwater Bank, N.A. $2,805,000 $880,000 -68.6% 0.3%
Century Mortgage Company DBA Century Lending Company $860,000 n/a 0.3%
WNB Financial, N.A. $580,000 $840,000 44.8% 0.3%
BAY EQUITY LLC $2,025,000 $815,000 -59.8% 0.3%
CMG MORTGAGE, INC. $960,000 $765,000 -20.3% 0.3%
HIWAY $890,000 $750,000 -15.7% 0.2%
HomeTown Bank $890,000 $740,000 -16.9% 0.2%
GoPrime Mortgage, Inc. $715,000 n/a 0.2%
First Federal Bank $6,105,000 $685,000 -88.8% 0.2%
The State Bank of Faribault $135,000 $680,000 403.7% 0.2%
First Alliance Credit Union $880,000 $665,000 -24.4% 0.2%
Lend Smart Mortgage, LLC $1,320,000 $650,000 -50.8% 0.2%
Mortgages Unlimited Inc. $1,740,000 $615,000 -64.7% 0.2%
North American Savings Bank, F.S.B. $615,000 n/a 0.2%
Old National Bank $665,000 $600,000 -9.8% 0.2%
Bremer Bank $3,845,000 $595,000 -84.5% 0.2%
Peoples State Bank of Plainview $1,465,000 $565,000 -61.4% 0.2%
ENVOY MORTGAGE, LTD $530,000 n/a 0.2%
Ally Bank $500,000 n/a 0.2%
Bank of America $475,000 $500,000 5.3% 0.2%
Waterstone Mortgage Corporation $245,000 $490,000 100.0% 0.2%
IDEAL $760,000 $480,000 -36.8% 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $470,000 184.8% 0.2%
Baxter Credit Union $265,000 $465,000 75.5% 0.2%
IOWA BANKERS MORTGAGE CORPORATION $205,000 $460,000 124.4% 0.2%
THRIVENT Federal Credit Union $560,000 $455,000 -18.8% 0.1%
Prime Choice Funding Inc. $435,000 n/a 0.1%
Deere Employees Credit Union $430,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,370,000 $430,000 -68.6% 0.1%
Plains Commerce Bank $1,345,000 $430,000 -68.0% 0.1%
Paramount Residential Mortgage Group, Inc. $425,000 n/a 0.1%
Bank of England $490,000 $420,000 -14.3% 0.1%
F & M Community Bank $1,395,000 $380,000 -72.8% 0.1%
ROYAL UNITED MORTGAGE LLC $310,000 $370,000 19.4% 0.1%
Nations Lending Corporation $365,000 n/a 0.1%
Peoples Bank $365,000 n/a 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $225,000 $355,000 57.8% 0.1%
Foresight Bank $2,460,000 $350,000 -85.8% 0.1%
PNC Bank $105,000 $345,000 228.6% 0.1%
River Falls State Bank $345,000 n/a 0.1%
St. Paul Federal Credit Union $225,000 $340,000 51.1% 0.1%
DATA MORTGAGE, INC. $335,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $325,000 n/a 0.1%
FINANCE OF AMERICA MORTGAGE LLC $185,000 $315,000 70.3% 0.1%
Hiawatha National Bank $280,000 $315,000 12.5% 0.1%
GUIDANCE RESIDENTIAL, LLC $305,000 n/a 0.1%
UNION HOME MORTGAGE CORP. $265,000 $305,000 15.1% 0.1%
AMERISAVE MORTGAGE CORPORATION $2,855,000 $300,000 -89.5% 0.1%
MARINE $290,000 n/a 0.1%
The Federal Savings Bank $215,000 $285,000 32.6% 0.1%
ASHLAND Credit Union $275,000 n/a 0.1%
CRESCENT MORTGAGE COMPANY $95,000 $275,000 189.5% 0.1%
Ixonia Bank $380,000 $270,000 -28.9% 0.1%
MEGASTAR FINANCIAL CORP. $1,485,000 $270,000 -81.8% 0.1%
AMERICAN FINANCING CORPORATION $520,000 $265,000 -49.0% 0.1%
BANKWEST, INC. $100,000 $265,000 165.0% 0.1%
CORTRUST MORTGAGE, INC. $265,000 n/a 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $500,000 $265,000 -47.0% 0.1%
Bank Five Nine $255,000 n/a 0.1%
Mid-Continent Funding, Inc. $255,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,260,000 $255,000 -79.8% 0.1%
TOPLINE FEDERAL CREDIT UNION $340,000 $255,000 -25.0% 0.1%
Northpointe Bank $245,000 n/a 0.1%
The First National Bank of River Falls $75,000 $245,000 226.7% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $1,770,000 $235,000 -86.7% 0.1%
NAVY FEDERAL CREDIT UNION $930,000 $235,000 -74.7% 0.1%
MOVEMENT MORTGAGE, LLC $590,000 $230,000 -61.0% 0.1%
COMPASS MORTGAGE, INC. $265,000 $225,000 -15.1% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $225,000 n/a 0.1%
GENISYS $130,000 $225,000 73.1% 0.1%
PLUS RELOCATION MORTGAGE, LLC $225,000 n/a 0.1%
Citizens Bank $360,000 $205,000 -43.1% 0.1%
JPMorgan Chase Bank $1,355,000 $205,000 -84.9% 0.1%
OPEN MORTGAGE, LLC $205,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $630,000 $205,000 -67.5% 0.1%
Truist $205,000 n/a 0.1%
Figure Lending LLC $105,000 $200,000 90.5% 0.1%
Luana Savings Bank $195,000 n/a 0.1%
Quontic Bank $195,000 n/a 0.1%
S1L, Inc. $105,000 $195,000 85.7% 0.1%
First Dakota National Bank $185,000 n/a 0.1%
First Guaranty Mortgage Corporation $2,415,000 $185,000 -92.3% 0.1%
Gate City Bank $185,000 n/a 0.1%
NETWORK CAPITAL FUNDING CORPORATION $175,000 n/a 0.1%
Heritage Bank $325,000 $165,000 -49.2% 0.1%
MAYO EMPLOYEES FEDERAL CREDIT UNION $165,000 $165,000 0.0% 0.1%
AmeriHome Mortgage Company, LLC $565,000 $155,000 -72.6% 0.1%
Frandsen Bank & Trust $155,000 n/a 0.1%
PHH Mortgage Corporation $95,000 $155,000 63.2% 0.1%
First Bank & Trust $270,000 $150,000 -44.4% 0.0%
Liberty Savings Bank, F.S.B. $145,000 n/a 0.0%
M&T Bank $115,000 $145,000 26.1% 0.0%
American State Bank $225,000 $135,000 -40.0% 0.0%
CITY-COUNTY CREDIT UNION $325,000 $135,000 -58.5% 0.0%
21ST MORTGAGE CORPORATION $465,000 $120,000 -74.2% 0.0%
Centier Bank $85,000 n/a 0.0%
Chartwell Financial, LLC $145,000 $85,000 -41.4% 0.0%
Associated Healthcare Credit Union $75,000 n/a 0.0%
AMERICAN ADVISORS GROUP $200,000 $65,000 -67.5% 0.0%
TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
BMO Harris Bank $55,000 n/a 0.0%
Discover Bank $55,000 n/a 0.0%
Heartland Credit Union $165,000 $55,000 -66.7% 0.0%
ALLIANT CREDIT UNION $35,000 n/a 0.0%
Manufacturers Bank & Trust Company $435,000 $25,000 -94.3% 0.0%
SHAREPOINT CREDIT UNION $85,000 $15,000 -82.4% 0.0%

Red Wing's top lender by overall market share is Merchants Bank, with 14.5% market share. In second place, with 8.4%, is JONES LANG LASALLE MULTIFAMILY, LLC, having originated $25,430,000 in loans. In third place, with 7.5%, is Bell Bank, having originated $22,840,000 in loans. In fourth place, with 4.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $14,930,000 in loans. In fifth place, with 4.8%, is ALTRA, having originated $14,590,000 in loans.


Red Wing Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Red Wing (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $239,425 (3.0%) $279,581 (-1.4%) 0.00 119
2018-02-01 $266,950 (15.5%) $292,157 (0.1%) 0.00 123
2018-03-01 $264,000 (8.9%) $282,727 (-5.2%) 0.00 134
2018-04-01 $269,900 (12.5%) $301,347 (4.2%) 0.00 141
2018-05-01 $273,700 (13.5%) $312,791 (5.6%) 0.00 163
2018-06-01 $289,900 (20.8%) $314,817 (8.6%) 0.00 173
2018-07-01 $282,275 (18.4%) $304,620 (6.1%) 0.00 178
2018-08-01 $276,563 (14.8%) $304,270 (2.2%) 0.00 188
2018-09-01 $279,900 (14.3%) $303,188 (0.7%) 0.00 198
2018-10-01 $272,450 (6.8%) $296,268 (-4.3%) 0.00 205
2018-11-01 $281,400 (13.5%) $304,810 (1.0%) 0.00 182
2018-12-01 $289,900 (20.3%) $312,768 (8.1%) 0.00 157
2019-01-01 $269,600 (12.6%) $305,535 (9.3%) 0.00 138
2019-02-01 $268,125 (0.4%) $316,451 (8.3%) 0.00 126
2019-03-01 $289,000 (9.5%) $318,289 (12.6%) 0.00 137
2019-04-01 $286,400 (6.1%) $316,216 (4.9%) 0.00 155
2019-05-01 $279,950 (2.3%) $309,538 (-1.0%) 0.00 164
2019-06-01 $274,900 (-5.2%) $297,381 (-5.5%) 0.00 181
2019-07-01 $271,250 (-3.9%) $299,197 (-1.8%) 0.00 200
2019-08-01 $273,000 (-1.3%) $296,567 (-2.5%) 0.00 204
2019-09-01 $269,475 (-3.7%) $305,110 (0.6%) 0.00 188
2019-10-01 $247,975 (-9.0%) $291,427 (-1.6%) 0.00 206
2019-11-01 $239,900 (-14.8%) $281,311 (-7.7%) 0.00 197
2019-12-01 $239,850 (-17.3%) $278,505 (-11.0%) 0.00 167
2020-01-01 $252,175 (-6.5%) $287,911 (-5.8%) 0.00 154
2020-02-01 $260,000 (-3.0%) $291,037 (-8.0%) 0.00 146
2020-03-01 $264,900 (-8.3%) $311,084 (-2.3%) 0.00 156
2020-04-01 $264,175 (-7.8%) $315,550 (-0.2%) 0.00 146
2020-05-01 $264,900 (-5.4%) $324,903 (5.0%) 0.00 161
2020-06-01 $265,175 (-3.5%) $322,904 (8.6%) 0.00 166
2020-07-01 $284,900 (5.0%) $333,368 (11.4%) 0.00 138
2020-08-01 $314,950 (15.4%) $352,311 (18.8%) 0.00 127
2020-09-01 $299,900 (11.3%) $335,832 (10.1%) 0.00 142
2020-10-01 $289,900 (16.9%) $316,477 (8.6%) 0.00 138
2020-11-01 $287,300 (19.8%) $316,601 (12.5%) 0.00 128
2020-12-01 $283,450 (18.2%) $304,167 (9.2%) 0.00 103
2021-01-01 $280,075 (11.1%) $306,306 (6.4%) 0.00 71
2021-02-01 $303,700 (16.8%) $321,675 (10.5%) 0.00 60
2021-03-01 $334,345 (26.2%) $360,314 (15.8%) 0.00 55
2021-04-01 $331,935 (25.7%) $352,232 (11.6%) 0.00 56
2021-05-01 $294,900 (11.3%) $323,752 (-0.4%) 0.00 70
2021-06-01 $302,300 (14.0%) $335,326 (3.9%) 0.00 74
2021-07-01 $309,750 (8.7%) $350,500 (5.1%) 0.00 74
2021-08-01 $299,625 (-4.9%) $344,723 (-2.2%) 0.00 84
2021-09-01 $299,888 (0.0%) $371,085 (10.5%) 0.00 83
2021-10-01 $299,700 (3.4%) $385,900 (21.9%) 0.00 93
2021-11-01 $284,900 (-0.8%) $345,695 (9.2%) 0.00 77
2021-12-01 $298,650 (5.4%) $369,883 (21.6%) 0.00 57
2022-01-01 $299,900 (7.1%) $364,569 (19.0%) 0.00 52
2022-02-01 $295,450 (-2.7%) $363,535 (13.0%) 0.00 34
2022-03-01 $314,950 (-5.8%) $446,966 (24.1%) 0.00 41
2022-04-01 $319,900 (-3.6%) $450,184 (27.8%) 0.00 47
2022-05-01 $321,450 (9.0%) $425,813 (31.5%) 0.00 61
2022-06-01 $308,725 (2.1%) $399,033 (19.0%) 0.00 80
2022-07-01 $299,900 (-3.2%) $374,877 (7.0%) 0.00 91
2022-08-01 $314,950 (5.1%) $394,896 (14.6%) 0.00 79
2022-09-01 $327,450 (9.2%) $397,495 (7.1%) 0.00 88
2022-10-01 $319,400 (6.6%) $388,894 (0.8%) 0.00 95
2022-11-01 $315,550 (10.8%) $384,479 (11.2%) 0.00 82
2022-12-01 $299,400 (0.3%) $372,404 (0.7%) 0.00 69
2023-01-01 $294,950 (-1.7%) $391,274 (7.3%) 0.00 60
2023-02-01 $347,450 (17.6%) $422,628 (16.3%) 0.00 51
2023-03-01 $339,900 (7.9%) $421,776 (-5.6%) 0.00 51
2023-04-01 $377,450 (18.0%) $446,155 (-0.9%) 0.00 43
Red Wing's median listing price for 2023-04-01 was $377,450, a difference of $57,550 (18.0%) versus the prior year and $37,550 versus the prior month.

Red Wing's median listing price comes in at 0% of the national average.

Red Wing's average listing price for 2023-04-01 was $446,155, a difference of $-4,029 (-0.9%) versus the prior year and $24,379 versus the prior month.

For the 2023-04-01 period, Red Wing had 43 MLS listings, a difference of -8 listings (-16%) versus the prior month and -4 listings (-9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Red Wing (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,203 sqft
2018-02-01 0 days 2,335 sqft
2018-03-01 0 days 2,263 sqft
2018-04-01 0 days 2,350 sqft
2018-05-01 0 days 2,238 sqft
2018-06-01 0 days 2,160 sqft
2018-07-01 0 days 2,111 sqft
2018-08-01 0 days 2,094 sqft
2018-09-01 0 days 2,080 sqft
2018-10-01 0 days 2,101 sqft
2018-11-01 0 days 2,064 sqft
2018-12-01 0 days 2,048 sqft
2019-01-01 0 days 1,782 sqft
2019-02-01 0 days 1,927 sqft
2019-03-01 0 days 1,988 sqft
2019-04-01 0 days 2,031 sqft
2019-05-01 0 days 2,024 sqft
2019-06-01 0 days 1,933 sqft
2019-07-01 0 days 1,877 sqft
2019-08-01 0 days 1,860 sqft
2019-09-01 0 days 1,876 sqft
2019-10-01 0 days 1,884 sqft
2019-11-01 0 days 1,836 sqft
2019-12-01 0 days 1,828 sqft
2020-01-01 0 days 1,833 sqft
2020-02-01 0 days 1,775 sqft
2020-03-01 0 days 1,820 sqft
2020-04-01 0 days 1,803 sqft
2020-05-01 0 days 1,824 sqft
2020-06-01 0 days 1,800 sqft
2020-07-01 0 days 1,778 sqft
2020-08-01 0 days 1,939 sqft
2020-09-01 0 days 1,892 sqft
2020-10-01 0 days 1,903 sqft
2020-11-01 0 days 1,880 sqft
2020-12-01 0 days 1,829 sqft
2021-01-01 0 days 1,775 sqft
2021-02-01 0 days 1,644 sqft
2021-03-01 0 days 1,653 sqft
2021-04-01 0 days 1,801 sqft
2021-05-01 0 days 1,647 sqft
2021-06-01 0 days 1,744 sqft
2021-07-01 0 days 1,701 sqft
2021-08-01 0 days 1,735 sqft
2021-09-01 0 days 1,818 sqft
2021-10-01 0 days 1,666 sqft
2021-11-01 0 days 1,604 sqft
2021-12-01 0 days 1,589 sqft
2022-01-01 0 days 1,602 sqft
2022-02-01 0 days 2,285 sqft
2022-03-01 0 days 2,350 sqft
2022-04-01 0 days 2,189 sqft
2022-05-01 0 days 1,826 sqft
2022-06-01 0 days 1,927 sqft
2022-07-01 0 days 1,808 sqft
2022-08-01 0 days 1,932 sqft
2022-09-01 0 days 2,085 sqft
2022-10-01 0 days 1,913 sqft
2022-11-01 0 days 1,966 sqft
2022-12-01 0 days 1,700 sqft
2023-01-01 0 days 1,689 sqft
2023-02-01 0 days 1,641 sqft
2023-03-01 0 days 1,618 sqft
2023-04-01 0 days 1,669 sqft
Red Wing's median listing age (time on market) for 2023-04-01 was 0 days.

Red Wing's median square footage for active listings during the 2023-04-01 period was 1,669 sqft. One year prior, the average listing was 2,189 sqft.

Red Wing, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 695 $191,105,000 $274,971
Cash Out Refi 192 $60,050,000 $312,760
Refi 162 $41,970,000 $259,074
Home Improvement 104 $6,470,000 $62,212
Other 47 $4,395,000 $93,511

Red Wing's most frequently cited loan purpose was Home Purchase, with 695 originations. The 2nd most popular reason was Cash Out Refi, with 192 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 339 $73,505,000 $216,829
4-5% 271 $88,455,000 $326,402
3-4% 260 $82,300,000 $316,538
6-7% 138 $27,950,000 $202,536
2.5-3% 92 $16,330,000 $177,500
7-8% 33 $5,315,000 $161,061
<2.5% 23 $3,765,000 $163,696
Over 8% 15 $1,105,000 $73,667

During 2022, Red Wing's most frequently originated rate bucket was 5-6%, with 339 originations.

Loan Sizing (Red Wing, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 537 $146,715,000 $273,212
$100k-200k 320 $49,760,000 $155,500
$100,000 or less 250 $11,990,000 $47,960
$400k-600k 72 $33,580,000 $466,389
$600k-1000k 15 $10,355,000 $690,333
$Over $1MM 6 $51,590,000 $8,598,333

Red Wing's loan sizing saw the bucket of loans from $200k-400k with 537 originations, totaling $146,715,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 495 $133,145,000 $268,980
60-80% 281 $97,185,000 $345,854
Under 20% 175 $6,835,000 $39,057
20-40% 105 $16,175,000 $154,048
40-60% 103 $22,305,000 $216,553
Over 100% 10 $21,640,000 $2,164,000

Red Wing's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 495 originations, totaling $133,145,000 in origination value.