Red Wing Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Red Wing averaged 6.72% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.63% and one month ago for the week of 2025-02-27, the average rate was 6.54%.

    Red Wing's average rate one year ago was 6.77%.

    For refis of the same type during the week of 2025-04-03, the average rate was 6.54%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Red Wing 30 Year Fixed Rate 2025-04-03 6.72%
    Red Wing 30 Year Fixed Rate Refi 2025-04-03 6.54%
    Red Wing 15 Year Fixed Rate 2025-04-03 5.92%
    Red Wing 15 Year Fixed Rate Refi 2025-04-03 6.12%
    Red Wing 30 Year FHA 2025-04-03 6.46%
    Red Wing 30 Year FHA Refi 2025-04-03 6.06%
    Red Wing 30 Year USDA 2025-04-03 6.32%
    Red Wing 30 Year USDA Refi 2025-04-03 6.52%
    Red Wing 30 Year VA 2025-04-03 6.26%
    Red Wing 30 Year VA Refi 2025-04-03 6.16%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Bell Bank 43 6.64% $6,186
    Merchants Bank 32 6.42% $4,034
    UNITED WHOLESALE MORTGAGE, LLC 31 6.64% $7,039
    QUICKEN LOANS, LLC 20 6.57% $7,083
    NEWREZ LLC 20 6.58% $5,838
    GUARANTEED RATE, INC. 16 6.65% $5,820
    Frandsen Bank & Trust 16 6.96% $5,457
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.77% $5,318
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.93% $5,054
    U.S. Bank 9 6.65% $3,846
    Alerus Financial 7 6.82% $4,520
    Wells Fargo Bank 7 6.79% $4,399
    Associated Bank 6 6.58% $3,989
    PENNYMAC LOAN SERVICES, LLC 5 6.87% $8,050
    LOANDEPOT.COM, LLC 5 7.02% $4,994
    First Federal Bank 5 6.28% $6,185
    CROSSCOUNTRY MORTGAGE, LLC 5 6.99% $6,948
    GUARANTEED RATE AFFINITY, LLC 4 6.66% $5,231
    Royal Credit Union 4 7.00% $710
    PROVIDENT FUNDING ASSOCIATES, L.P. 4 6.63% $6,475
    Bremer Bank 4 6.69% $6,142
    WESTconsin Credit Union 4 6.84% $3,700
    Servion, Inc. 4 6.47% $5,560
    Think Mutual Bank 4 6.88% $5,455
    AFFINITY PLUS 3 6.42% $6,084
    BAY EQUITY LLC 3 6.71% $5,862
    BROKER SOLUTIONS, INC. 3 7.50% $4,672
    CMG MORTGAGE, INC. 3 6.92% $6,401
    COMPEER FINANCIAL, FLCA 3 7.58% $6,669
    Plains Commerce Bank 3 6.67% $9,191
    Prosperity Home Mortgage, LLC 3 6.71% $5,183
    ZILLOW HOME LOANS, LLC 3 6.83% $4,662
    EVERETT FINANCIAL, INC. 2 7.06% $7,803
    WINGS FINANCIAL 2 6.38% $3,557
    Tradition Mortgage, LLC 2 6.56% $3,620
    MOVEMENT MORTGAGE, LLC 2 6.81% $4,214
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.25% $4,384
    American Mortgage & Equity Consultants, Inc. 2 6.50% $8,590
    Summit Mortgage Corporation 2 7.44% $5,743
    AXIA FINANCIAL, LLC 2 7.31% $6,337
    Forward Bank 2 6.56% $3,761
    CHURCHILL MORTGAGE CORPORATION 2 6.88% $5,375
    HOMESIDE FINANCIAL, LLC 2 7.13% $4,692
    Barrington Bank & Trust Company, N.A. 1 6.63% $6,055
    Bank of America 1 6.63% $4,446
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.63% $5,909
    SPIRE Credit Union 1 7.50% $1,414
    Stifel Bank and Trust 1 6.38% $1,970
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.99% $2,591
    The Huntington National Bank 1 6.38% $8,806
    The Loan Store, Inc. 1 6.50% $7,025
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.13% $5,799
    TOWNE MORTGAGE COMPANY 1 6.63% $4,479
    UNION HOME MORTGAGE CORP. 1 6.63% $8,929
    ALTRA 1 7.60% $4,603
    Ally Bank 1 6.25% $6,358
    Flagstar Bank, FSB 1 6.05% $3,678
    GUILD MORTGAGE COMPANY 1 5.88% $4,319
    HomeTown Bank 1 6.63% $5,408
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.63% $5,634
    CITIZENS EQUITY FIRST 1 6.38% $1,728
    Minnwest Bank 1 5.13% $4,708
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.13% $4,096
    NAVY FEDERAL CREDIT UNION 1 5.50% $2,521
    Century Mortgage Company DBA Century Lending Company 1 6.75% $7,277
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $5,326
    CARDINAL FINANCIAL 1 7.13% $9,850
    WNB Financial, N.A. 1 6.63% $6,327

    Red Wing Average Closing Costs & Other Stats

    Red Wing, MN's 68 lenders originated 828 loans during 2024. The total origination value was $187,620,000, with an average loan value of $226,594.

    Red Wing's average closing costs are $5,025.

    The top Red Wing lender as defined by loan originations is Bell Bank, with 43 loans originated. Their average total fees are $6,186, which is $2,152 higher than the next largest lender, Merchants Bank.

    The lowest fee Red Wing lenders (with over 10 loans originated) are Merchants Bank ($4,034), Frandsen Bank & Trust ($5,457), GUARANTEED RATE, INC. ($5,820), NEWREZ LLC ($5,838) and Bell Bank ($6,186).

    The lowest rate Red Wing lenders (with over 10 loans originated) are Merchants Bank (6.42%), QUICKEN LOANS, LLC (6.57%), NEWREZ LLC (6.58%), UNITED WHOLESALE MORTGAGE, LLC (6.64%) and Bell Bank (6.64%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    UNITED WHOLESALE MORTGAGE, LLC $7,470,000 $16,850,000 125.6% 9.0%
    Bell Bank $8,715,000 $16,055,000 84.2% 8.6%
    Merchants Bank $15,700,000 $14,380,000 -8.4% 7.7%
    QUICKEN LOANS, LLC $6,635,000 $10,050,000 51.5% 5.4%
    Frandsen Bank & Trust $5,665,000 $8,345,000 47.3% 4.4%
    NEWREZ LLC $6,110,000 $7,810,000 27.8% 4.2%
    GUARANTEED RATE, INC. $5,405,000 $7,330,000 35.6% 3.9%
    Alerus Financial $570,000 $7,220,000 1,166.7% 3.8%
    U.S. Bank $1,990,000 $5,360,000 169.3% 2.9%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,085,000 $4,165,000 2.0% 2.2%
    PENNYMAC LOAN SERVICES, LLC $1,330,000 $4,160,000 212.8% 2.2%
    Think Mutual Bank $2,550,000 $3,770,000 47.8% 2.0%
    CROSSCOUNTRY MORTGAGE, LLC $4,110,000 $2,995,000 -27.1% 1.6%
    Associated Bank $2,220,000 $2,875,000 29.5% 1.5%
    AFFINITY PLUS $1,820,000 $2,855,000 56.9% 1.5%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $410,000 $2,625,000 540.2% 1.4%
    COMPEER FINANCIAL, FLCA $2,695,000 $2,595,000 -3.7% 1.4%
    Prosperity Home Mortgage, LLC $3,275,000 $2,595,000 -20.8% 1.4%
    Mortgage Research Center, LLC $2,315,000 $2,105,000 -9.1% 1.1%
    First Federal Bank $2,175,000 $2,050,000 -5.7% 1.1%
    Alliance Bank $765,000 $2,040,000 166.7% 1.1%
    Profinium Inc. $1,975,000 n/a 1.1%
    American Mortgage & Equity Consultants, Inc. $3,000,000 $1,690,000 -43.7% 0.9%
    FREEDOM MORTGAGE CORPORATION $2,835,000 $1,585,000 -44.1% 0.8%
    Wells Fargo Bank $3,395,000 $1,570,000 -53.8% 0.8%
    Peoples State Bank of Plainview $230,000 $1,565,000 580.4% 0.8%
    WESTconsin Credit Union $645,000 $1,510,000 134.1% 0.8%
    GUARANTEED RATE AFFINITY, LLC $1,340,000 $1,480,000 10.4% 0.8%
    Plains Commerce Bank $390,000 $1,410,000 261.5% 0.8%
    PROVIDENT FUNDING ASSOCIATES, L.P. $1,185,000 $1,400,000 18.1% 0.7%
    Royal Credit Union $1,270,000 $1,395,000 9.8% 0.7%
    Bremer Bank $2,130,000 $1,290,000 -39.4% 0.7%
    CMG MORTGAGE, INC. $935,000 $1,245,000 33.2% 0.7%
    LOANDEPOT.COM, LLC $3,175,000 $1,155,000 -63.6% 0.6%
    Vermillion State Bank $275,000 $1,080,000 292.7% 0.6%
    BROKER SOLUTIONS, INC. $615,000 $1,070,000 74.0% 0.6%
    Servion, Inc. $1,220,000 $1,070,000 -12.3% 0.6%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $430,000 $1,060,000 146.5% 0.6%
    BAY EQUITY LLC $390,000 $1,040,000 166.7% 0.6%
    NAVY FEDERAL CREDIT UNION $820,000 $1,015,000 23.8% 0.5%
    Foresight Bank $550,000 $1,005,000 82.7% 0.5%
    Century Mortgage Company DBA Century Lending Company $1,515,000 $990,000 -34.7% 0.5%
    MOVEMENT MORTGAGE, LLC $425,000 $975,000 129.4% 0.5%
    WINGS FINANCIAL $715,000 $865,000 21.0% 0.5%
    Flagstar Bank, FSB $875,000 $830,000 -5.1% 0.4%
    Summit Mortgage Corporation $400,000 $825,000 106.3% 0.4%
    Lakeview Bank $55,000 $815,000 1,381.8% 0.4%
    ALTRA $1,185,000 $775,000 -34.6% 0.4%
    VILLAGE CAPITAL MORTGAGE $745,000 n/a 0.4%
    Castle Rock Bank $320,000 $715,000 123.4% 0.4%
    Tradition Mortgage, LLC $650,000 $665,000 2.3% 0.4%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $685,000 $660,000 -3.6% 0.4%
    AXIA FINANCIAL, LLC $950,000 $630,000 -33.7% 0.3%
    First Alliance Credit Union $460,000 $610,000 32.6% 0.3%
    The Huntington National Bank $415,000 $610,000 47.0% 0.3%
    ZILLOW HOME LOANS, LLC $605,000 n/a 0.3%
    Barrington Bank & Trust Company, N.A. $225,000 $580,000 157.8% 0.3%
    JPMorgan Chase Bank $570,000 n/a 0.3%
    TOWNE MORTGAGE COMPANY $405,000 $570,000 40.7% 0.3%
    F & M Community Bank $565,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $560,000 n/a 0.3%
    ONB Bank $550,000 n/a 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,035,000 $540,000 -47.8% 0.3%
    Carrington Mortgage Services, LLC $630,000 $540,000 -14.3% 0.3%
    Minnwest Bank $535,000 n/a 0.3%
    Sterling State Bank $535,000 n/a 0.3%
    Forward Bank $515,000 n/a 0.3%
    EVERETT FINANCIAL, INC. $700,000 $500,000 -28.6% 0.3%
    JMAC LENDING, INC. $485,000 n/a 0.3%
    HOMESIDE FINANCIAL, LLC $480,000 n/a 0.3%
    Hiawatha National Bank $525,000 $460,000 -12.4% 0.2%
    PLUS RELOCATION MORTGAGE, LLC $435,000 n/a 0.2%
    CITIZENS EQUITY FIRST $395,000 n/a 0.2%
    Bank of America $245,000 $380,000 55.1% 0.2%
    Loan Simple, Inc. $380,000 n/a 0.2%
    SPIRE Credit Union $180,000 $375,000 108.3% 0.2%
    Citizens Bank Minnesota $365,000 n/a 0.2%
    WNB Financial, N.A. $385,000 $355,000 -7.8% 0.2%
    USAA Federal Savings Bank $315,000 $345,000 9.5% 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $255,000 $335,000 31.4% 0.2%
    Community Resource Bank $675,000 $330,000 -51.1% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $540,000 $325,000 -39.8% 0.2%
    PLANET HOME LENDING, LLC $325,000 n/a 0.2%
    Mr. Cooper ( Nationstar Mortgage ) $345,000 $320,000 -7.2% 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $315,000 n/a 0.2%
    UNION HOME MORTGAGE CORP. $305,000 n/a 0.2%
    Ally Bank $295,000 n/a 0.2%
    CARDINAL FINANCIAL $600,000 $295,000 -50.8% 0.2%
    Integrity Home Mortgage Corp $285,000 n/a 0.2%
    HomeTown Bank $335,000 $275,000 -17.9% 0.1%
    Granite Community Bank $235,000 n/a 0.1%
    Northview Bank $235,000 n/a 0.1%
    Sunrise Banks $275,000 $225,000 -18.2% 0.1%
    AmeriHome Mortgage Company, LLC $215,000 n/a 0.1%
    The Loan Store, Inc. $145,000 $215,000 48.3% 0.1%
    Heartland Credit Union $25,000 $205,000 720.0% 0.1%
    RELIANCE FIRST CAPITAL, LLC $205,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $720,000 $195,000 -72.9% 0.1%
    Stifel Bank and Trust $255,000 $185,000 -27.5% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $190,000 $180,000 -5.3% 0.1%
    Cambria Financial Group, LLC $175,000 n/a 0.1%
    Discover Bank $175,000 n/a 0.1%
    Citizens Community Federal $225,000 $165,000 -26.7% 0.1%
    First National Bank Minnesota $165,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 n/a 0.1%
    MASON MCDUFFIE MORTGAGE CORPORATION $155,000 n/a 0.1%
    OCMBC, INC. $155,000 n/a 0.1%
    SUCCESS MORTGAGE PARTNERS, INC. $135,000 n/a 0.1%
    IDEAL $355,000 $130,000 -63.4% 0.1%
    Northwest Federal Credit Union $105,000 n/a 0.1%
    BUILDING TRADES FEDERAL CREDIT UNION $100,000 n/a 0.1%
    SMW Financial Credit Union $35,000 $95,000 171.4% 0.1%
    GUILD MORTGAGE COMPANY $85,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $55,000 $75,000 36.4% 0.0%
    NOVATION CREDIT UNION $35,000 $75,000 114.3% 0.0%
    Old National Bank $920,000 $75,000 -91.8% 0.0%
    BMO Harris Bank $55,000 n/a 0.0%
    Figure Lending LLC $90,000 $55,000 -38.9% 0.0%
    Highland Bank $145,000 $55,000 -62.1% 0.0%
    CITY-COUNTY CREDIT UNION $600,000 $45,000 -92.5% 0.0%
    MAYO EMPLOYEES FEDERAL CREDIT UNION $675,000 $45,000 -93.3% 0.0%
    Coastal Community Bank $40,000 n/a 0.0%
    PNC Bank $35,000 n/a 0.0%
    First State Bank and Trust $25,000 n/a 0.0%
    Chartwell Financial, LLC $5,000 n/a 0.0%

    Red Wing's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 9.0% market share. In second place, with 8.6%, is Bell Bank, having originated $16,055,000 in loans. In third place, with 7.7%, is Merchants Bank, having originated $14,380,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $10,050,000 in loans. In fifth place, with 4.4%, is Frandsen Bank & Trust, having originated $8,345,000 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 (-1.5%) 0.00 119
    2018-02-01 $266,950 (15.3%) $292,157 (-0.2%) 0.00 123
    2018-03-01 $264,000 (8.8%) $282,727 (-5.4%) 0.00 134
    2018-04-01 $269,900 (12.5%) $301,347 (3.9%) 0.00 141
    2018-05-01 $273,700 (12.9%) $312,791 (5.4%) 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 $272,100 (1.9%) $316,186 (8.2%) 0.00 126
    2019-03-01 $282,386 (7.0%) $321,301 (13.6%) 0.00 132
    2019-04-01 $291,711 (8.1%) $320,072 (6.2%) 0.00 151
    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 $266,455 (-3.7%) $296,702 (-2.5%) 0.00 208
    2019-09-01 $256,636 (-8.3%) $293,172 (-3.3%) 0.00 206
    2019-10-01 $247,975 (-9.0%) $290,819 (-1.8%) 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 (-4.5%) $291,037 (-8.0%) 0.00 146
    2020-03-01 $264,900 (-6.2%) $311,084 (-3.2%) 0.00 156
    2020-04-01 $264,175 (-9.4%) $315,550 (-1.4%) 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 (18.2%) $352,311 (18.7%) 0.00 127
    2020-09-01 $299,900 (16.9%) $335,832 (14.6%) 0.00 142
    2020-10-01 $289,900 (16.9%) $316,477 (8.8%) 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 $334,143 (26.1%) $359,233 (15.5%) 0.00 56
    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 $314,825 (-5.8%) $446,819 (24.4%) 0.00 40
    2022-04-01 $319,900 (-3.6%) $450,184 (27.8%) 0.00 47
    2022-05-01 $318,225 (7.9%) $425,270 (31.4%) 0.00 60
    2022-06-01 $302,475 (0.1%) $398,371 (18.8%) 0.00 79
    2022-07-01 $299,900 (-3.2%) $374,066 (6.7%) 0.00 90
    2022-08-01 $312,475 (4.3%) $394,537 (14.5%) 0.00 79
    2022-09-01 $326,200 (8.8%) $396,728 (6.9%) 0.00 87
    2022-10-01 $319,400 (6.6%) $390,288 (1.1%) 0.00 95
    2022-11-01 $315,550 (10.8%) $383,406 (10.9%) 0.00 82
    2022-12-01 $298,900 (0.1%) $371,272 (0.4%) 0.00 68
    2023-01-01 $293,700 (-2.1%) $389,926 (7.0%) 0.00 59
    2023-02-01 $344,925 (16.8%) $422,085 (16.1%) 0.00 50
    2023-03-01 $339,900 (8.0%) $421,776 (-5.6%) 0.00 51
    2023-04-01 $377,450 (18.0%) $446,155 (-0.9%) 0.00 43
    2023-05-01 $358,650 (12.7%) $427,275 (0.5%) 0.00 53
    2023-06-01 $353,675 (16.9%) $440,530 (10.6%) 0.00 67
    2023-07-01 $364,950 (21.7%) $439,957 (17.6%) 0.00 75
    2023-08-01 $398,161 (27.4%) $453,962 (15.1%) 0.00 88
    2023-09-01 $375,000 (15.0%) $420,659 (6.0%) 0.00 96
    2023-10-01 $348,950 (9.3%) $414,644 (6.2%) 0.00 101
    2023-11-01 $323,475 (2.5%) $399,721 (4.3%) 0.00 106
    2023-12-01 $341,900 (14.4%) $387,483 (4.4%) 0.00 95
    2024-01-01 $336,650 (14.6%) $385,182 (-1.2%) 0.00 84
    2024-02-01 $327,425 (-5.1%) $387,908 (-8.1%) 0.00 76
    2024-03-01 $359,450 (5.8%) $416,475 (-1.3%) 0.00 80
    2024-04-01 $387,400 (2.6%) $451,037 (1.1%) 0.00 93
    2024-05-01 $392,400 (9.4%) $454,784 (6.4%) 0.00 91
    2024-06-01 $359,900 (1.8%) $426,083 (-3.3%) 0.00 90
    2024-07-01 $345,700 (-5.3%) $412,770 (-6.2%) 0.00 87
    2024-08-01 $349,000 (-12.4%) $410,937 (-9.5%) 0.00 98
    2024-09-01 $335,000 (-10.7%) $397,697 (-5.5%) 0.00 104
    2024-10-01 $339,500 (-2.7%) $398,333 (-3.9%) 0.00 118
    2024-11-01 $354,500 (9.6%) $401,416 (0.4%) 0.00 107
    2024-12-01 $356,950 (4.4%) $388,370 (0.2%) 0.00 96
    2025-01-01 $349,888 (3.9%) $384,530 (-0.2%) 0.00 86
    2025-02-01 $344,213 (5.1%) $377,520 (-2.7%) 0.00 76
    2025-03-01 $345,000 (-4.0%) $387,980 (-6.8%) 0.00 75
    Red Wing's median listing price for 2025-03-01 was $345,000, a difference of $-14,450 (-4.0%) versus the prior year and $787 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 2025-03-01 was $387,980, a difference of $-28,495 (-6.8%) versus the prior year and $10,460 versus the prior month.

    For the 2025-03-01 period, Red Wing had 75 MLS listings, a difference of -1 listings (-1%) versus the prior month and -5 listings (-6%) 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 1,936 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,032 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 1,912 sqft
    2019-09-01 0 days 1,883 sqft
    2019-10-01 0 days 1,876 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 1,648 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 2,323 sqft
    2022-04-01 0 days 2,184 sqft
    2022-05-01 0 days 1,811 sqft
    2022-06-01 0 days 1,919 sqft
    2022-07-01 0 days 1,794 sqft
    2022-08-01 0 days 1,932 sqft
    2022-09-01 0 days 2,082 sqft
    2022-10-01 0 days 1,913 sqft
    2022-11-01 0 days 1,951 sqft
    2022-12-01 0 days 1,698 sqft
    2023-01-01 0 days 1,681 sqft
    2023-02-01 0 days 1,635 sqft
    2023-03-01 0 days 1,618 sqft
    2023-04-01 0 days 1,669 sqft
    2023-05-01 0 days 1,759 sqft
    2023-06-01 0 days 1,857 sqft
    2023-07-01 0 days 1,937 sqft
    2023-08-01 0 days 2,102 sqft
    2023-09-01 0 days 2,064 sqft
    2023-10-01 0 days 2,010 sqft
    2023-11-01 0 days 1,937 sqft
    2023-12-01 0 days 1,804 sqft
    2024-01-01 0 days 1,755 sqft
    2024-02-01 0 days 1,884 sqft
    2024-03-01 0 days 1,865 sqft
    2024-04-01 0 days 2,009 sqft
    2024-05-01 0 days 1,935 sqft
    2024-06-01 0 days 1,812 sqft
    2024-07-01 0 days 1,770 sqft
    2024-08-01 0 days 1,816 sqft
    2024-09-01 0 days 1,883 sqft
    2024-10-01 0 days 1,883 sqft
    2024-11-01 0 days 1,978 sqft
    2024-12-01 0 days 1,976 sqft
    2025-01-01 0 days 1,856 sqft
    2025-02-01 0 days 1,794 sqft
    2025-03-01 0 days 1,770 sqft
    Red Wing's median listing age (time on market) for 2025-03-01 was 0 days.

    Red Wing's median square footage for active listings during the 2025-03-01 period was 1,770 sqft. One year prior, the average listing was 1,865 sqft.

    Red Wing, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 503 $141,945,000 $282,197
    Home Improvement 99 $7,085,000 $71,566
    Refi 96 $21,040,000 $219,167
    Cash Out Refi 72 $13,120,000 $182,222
    Other 58 $4,430,000 $76,379

    Red Wing's most frequently cited loan purpose was Home Purchase, with 503 originations. The 2nd most popular reason was Home Improvement, with 99 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 376 $103,150,000 $274,335
    7-8% 132 $28,260,000 $214,091
    5-6% 120 $27,080,000 $225,667
    Over 8% 114 $10,720,000 $94,035
    <2.5% 12 $430,000 $35,833
    4-5% 6 $1,990,000 $331,667
    2.5-3% 2 $400,000 $200,000

    During 2024, Red Wing's most frequently originated rate bucket was 6-7%, with 376 originations.

    Loan Sizing (Red Wing, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 379 $106,705,000 $281,544
    $100,000 or less 219 $10,575,000 $48,288
    $100k-200k 160 $24,230,000 $151,438
    $400k-600k 50 $23,960,000 $479,200
    $600k-1000k 15 $11,085,000 $739,000
    $Over $1MM 5 $11,065,000 $2,213,000

    Red Wing's loan sizing saw the bucket of loans from $200k-400k with 379 originations, totaling $106,705,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 320 $95,560,000 $298,625
    60-80% 151 $45,915,000 $304,073
    Under 20% 144 $5,860,000 $40,694
    20-40% 87 $9,215,000 $105,920
    40-60% 43 $9,035,000 $210,116
    Over 100% 10 $3,700,000 $370,000

    Red Wing's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 320 originations, totaling $95,560,000 in origination value.