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 6.28% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 5.78% and one month ago for the week of 2024-09-05, the average rate was 6.21%.

Red Wing's average rate one year ago was 7.15%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Red Wing 30 Year Fixed Rate 2024-10-10 6.28%
Red Wing 30 Year Fixed Rate Refi 2024-10-10 6.32%
Red Wing 15 Year Fixed Rate 2024-10-10 5.51%
Red Wing 15 Year Fixed Rate Refi 2024-10-10 5.41%
Red Wing 30 Year FHA 2024-10-10 6.2%
Red Wing 30 Year FHA Refi 2024-10-10 6.3%
Red Wing 30 Year USDA 2024-10-10 5.88%
Red Wing 30 Year USDA Refi 2024-10-10 6.28%
Red Wing 30 Year VA 2024-10-10 5.75%
Red Wing 30 Year VA Refi 2024-10-10 6.05%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Merchants Bank 34 6.55% $3,991
Bell Bank 21 6.80% $7,382
UNITED WHOLESALE MORTGAGE, LLC 20 6.84% $5,535
QUICKEN LOANS, LLC 19 6.56% $6,120
GUARANTEED RATE, INC. 15 6.85% $4,735
NEWREZ LLC 15 6.40% $4,265
CROSSCOUNTRY MORTGAGE, LLC 11 7.17% $7,271
Frandsen Bank & Trust 9 6.42% $4,549
Wells Fargo Bank 9 6.85% $4,989
Prosperity Home Mortgage, LLC 9 6.90% $5,837
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 7.36% $5,039
Bremer Bank 6 6.71% $5,647
LOANDEPOT.COM, LLC 6 6.83% $7,450
Think Mutual Bank 6 6.48% $4,726
PROVIDENT FUNDING ASSOCIATES, L.P. 5 6.70% $3,452
U.S. Bank 5 6.58% $3,935
First Federal Bank 5 6.30% $5,166
COMPEER FINANCIAL, FLCA 5 7.95% $3,836
American Mortgage & Equity Consultants, Inc. 4 7.03% $8,364
Servion, Inc. 4 6.78% $3,777
AFFINITY PLUS 3 6.38% $4,722
Royal Credit Union 3 6.92% $1,968
GUARANTEED RATE AFFINITY, LLC 3 7.17% $3,754
ALTRA 3 7.03% $4,937
Associated Bank 3 6.46% $3,922
Home Federal Savings Bank 2 6.00% $5,493
MAYO EMPLOYEES FEDERAL CREDIT UNION 2 5.88% $4,846
MOVEMENT MORTGAGE, LLC 2 7.13% $5,323
Bank of England 2 6.69% $6,333
CITY-COUNTY CREDIT UNION 2 6.63% $5,573
PENNYMAC LOAN SERVICES, LLC 2 6.31% $6,723
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.19% $7,545
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.18% $6,390
Summit Mortgage Corporation 2 6.25% $3,887
The Huntington National Bank 2 6.31% $4,163
AMERISAVE MORTGAGE CORPORATION 2 6.81% $15,444
Tradition Mortgage, LLC 2 7.69% $2,537
Flagstar Bank, FSB 2 6.68% $4,567
WINGS FINANCIAL 2 6.56% $3,342
BROKER SOLUTIONS, INC. 2 7.00% $5,439
Century Mortgage Company DBA Century Lending Company 2 6.75% $5,667
IOWA BANKERS MORTGAGE CORPORATION 2 6.06% $4,650
AXIA FINANCIAL, LLC 2 7.19% $5,111
IDEAL 1 7.63% $4,745
Alerus Financial 1 7.00% $0
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.75% $5,926
Bank of America 1 6.13% $4,602
Barrington Bank & Trust Company, N.A. 1 7.00% $5,934
BAY EQUITY LLC 1 5.75% $5,720
BETTER MORTGAGE CORPORATION 1 7.13% $1,964
CARDINAL FINANCIAL 1 6.25% $13,459
Carrington Mortgage Services, LLC 1 5.75% $5,442
Citizens Bank 1 5.50% $4,583
Citizens Community Federal 1 7.13% $3,026
CMG MORTGAGE, INC. 1 7.25% $8,370
DEEPHAVEN MORTGAGE LLC 1 8.99% $11,937
EVERETT FINANCIAL, INC. 1 6.38% $7,698
FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.13% $4,188
FREEDOM MORTGAGE CORPORATION 1 6.88% $9,527
Gate City Bank 1 6.63% $12,524
Johnson Bank 1 6.13% $2,698
LAKEVIEW LOAN SERVICING, LLC 1 6.88% $10,300
MARINE 1 6.94% $1,027
MEGASTAR FINANCIAL CORP. 1 6.88% $13,831
Mr. Cooper ( Nationstar Mortgage ) 1 5.88% $7,283
M&T Bank 1 6.88% $7,719
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $3,250
Neighborhood Loans, Inc. 1 6.99% $8,080
PENTAGON FEDERAL CREDIT UNION 1 7.38% $3,027
PLAZA HOME MORTGAGE, INC. 1 7.13% $8,348
SIRVA MORTGAGE, INC. 1 6.25% $0
Stifel Bank and Trust 1 6.50% $2,686
The Loan Store, Inc. 1 7.38% $6,505
TOWNE MORTGAGE COMPANY 1 8.00% $3,577
Truist 1 6.90% $3,599
USAA Federal Savings Bank 1 5.63% $15,797
WNB Financial, N.A. 1 7.38% $6,424

Red Wing Average Closing Costs & Other Stats

Red Wing, MN's 77 lenders originated 754 loans during 2023. The total origination value was $147,800,000, with an average loan value of $196,021.

Red Wing's average closing costs are $4,871.

The top Red Wing lender as defined by loan originations is Merchants Bank, with 34 loans originated. Their average total fees are $3,991, which is $3,391 lower than the next largest lender, Bell Bank.

The lowest fee Red Wing lenders (with over 10 loans originated) are Merchants Bank ($3,991), NEWREZ LLC ($4,265), GUARANTEED RATE, INC. ($4,735), UNITED WHOLESALE MORTGAGE, LLC ($5,535) and QUICKEN LOANS, LLC ($6,120).

The lowest rate Red Wing lenders (with over 10 loans originated) are NEWREZ LLC (6.40%), Merchants Bank (6.55%), QUICKEN LOANS, LLC (6.56%), Bell Bank (6.80%) and UNITED WHOLESALE MORTGAGE, LLC (6.84%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Merchants Bank $44,085,000 $15,700,000 -64.4% 10.6%
Bell Bank $22,840,000 $8,715,000 -61.8% 5.9%
UNITED WHOLESALE MORTGAGE, LLC $14,930,000 $7,470,000 -50.0% 5.1%
QUICKEN LOANS, LLC $8,150,000 $6,635,000 -18.6% 4.5%
NEWREZ LLC $9,810,000 $6,110,000 -37.7% 4.1%
Frandsen Bank & Trust $155,000 $5,665,000 3,554.8% 3.8%
GUARANTEED RATE, INC. $8,195,000 $5,405,000 -34.0% 3.7%
CROSSCOUNTRY MORTGAGE, LLC $4,430,000 $4,110,000 -7.2% 2.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,460,000 $4,085,000 -25.2% 2.8%
Wells Fargo Bank $10,330,000 $3,395,000 -67.1% 2.3%
Prosperity Home Mortgage, LLC $4,520,000 $3,275,000 -27.5% 2.2%
LOANDEPOT.COM, LLC $10,775,000 $3,175,000 -70.5% 2.1%
American Mortgage & Equity Consultants, Inc. $1,180,000 $3,000,000 154.2% 2.0%
FREEDOM MORTGAGE CORPORATION $7,400,000 $2,835,000 -61.7% 1.9%
COMPEER FINANCIAL, FLCA $2,110,000 $2,695,000 27.7% 1.8%
Think Mutual Bank $4,950,000 $2,550,000 -48.5% 1.7%
Mortgage Research Center, LLC $2,845,000 $2,315,000 -18.6% 1.6%
Associated Bank $1,660,000 $2,220,000 33.7% 1.5%
First Federal Bank $685,000 $2,175,000 217.5% 1.5%
Bremer Bank $595,000 $2,130,000 258.0% 1.4%
U.S. Bank $5,120,000 $1,990,000 -61.1% 1.3%
AFFINITY PLUS $2,550,000 $1,820,000 -28.6% 1.2%
Century Mortgage Company DBA Century Lending Company $860,000 $1,515,000 76.2% 1.0%
GUARANTEED RATE AFFINITY, LLC $985,000 $1,340,000 36.0% 0.9%
PENNYMAC LOAN SERVICES, LLC $2,530,000 $1,330,000 -47.4% 0.9%
Lake City Federal Bank $1,295,000 n/a 0.9%
Royal Credit Union $1,255,000 $1,270,000 1.2% 0.9%
Servion, Inc. $3,215,000 $1,220,000 -62.1% 0.8%
ALTRA $14,590,000 $1,185,000 -91.9% 0.8%
PROVIDENT FUNDING ASSOCIATES, L.P. $1,185,000 n/a 0.8%
Gate City Bank $185,000 $1,105,000 497.3% 0.7%
AMERICAN PACIFIC MORTGAGE CORPORATION $470,000 $1,035,000 120.2% 0.7%
AMERISAVE MORTGAGE CORPORATION $300,000 $955,000 218.3% 0.6%
AXIA FINANCIAL, LLC $1,125,000 $950,000 -15.6% 0.6%
CMG MORTGAGE, INC. $765,000 $935,000 22.2% 0.6%
Old National Bank $600,000 $920,000 53.3% 0.6%
Flagstar Bank, FSB $1,130,000 $875,000 -22.6% 0.6%
NAVY FEDERAL CREDIT UNION $235,000 $820,000 248.9% 0.6%
Alliance Bank $895,000 $765,000 -14.5% 0.5%
IOWA BANKERS MORTGAGE CORPORATION $460,000 $730,000 58.7% 0.5%
SUN WEST MORTGAGE COMPANY, INC. $720,000 n/a 0.5%
Home Federal Savings Bank $2,160,000 $715,000 -66.9% 0.5%
WINGS FINANCIAL $3,585,000 $715,000 -80.1% 0.5%
EVERETT FINANCIAL, INC. $935,000 $700,000 -25.1% 0.5%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $2,275,000 $685,000 -69.9% 0.5%
Community Resource Bank $1,305,000 $675,000 -48.3% 0.5%
MAYO EMPLOYEES FEDERAL CREDIT UNION $165,000 $675,000 309.1% 0.5%
HIWAY $750,000 $670,000 -10.7% 0.5%
Tradition Mortgage, LLC $1,275,000 $650,000 -49.0% 0.4%
WESTconsin Credit Union $1,440,000 $645,000 -55.2% 0.4%
Carrington Mortgage Services, LLC $1,265,000 $630,000 -50.2% 0.4%
BROKER SOLUTIONS, INC. $3,635,000 $615,000 -83.1% 0.4%
CARDINAL FINANCIAL $3,575,000 $600,000 -83.2% 0.4%
CITY-COUNTY CREDIT UNION $135,000 $600,000 344.4% 0.4%
Alerus Financial $1,505,000 $570,000 -62.1% 0.4%
Foresight Bank $350,000 $550,000 57.1% 0.4%
LAKEVIEW LOAN SERVICING, LLC $430,000 $540,000 25.6% 0.4%
Hiawatha National Bank $315,000 $525,000 66.7% 0.4%
SUMMIT FUNDING, INC. $475,000 n/a 0.3%
First Alliance Credit Union $665,000 $460,000 -30.8% 0.3%
FIRST CENTENNIAL MORTGAGE CORPORATION $455,000 n/a 0.3%
MEGASTAR FINANCIAL CORP. $270,000 $435,000 61.1% 0.3%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $430,000 n/a 0.3%
MOVEMENT MORTGAGE, LLC $230,000 $425,000 84.8% 0.3%
The Huntington National Bank $1,830,000 $415,000 -77.3% 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,715,000 $410,000 -76.1% 0.3%
TOWNE MORTGAGE COMPANY $405,000 n/a 0.3%
Bank of England $420,000 $400,000 -4.8% 0.3%
Summit Mortgage Corporation $1,430,000 $400,000 -72.0% 0.3%
BAY EQUITY LLC $815,000 $390,000 -52.1% 0.3%
Plains Commerce Bank $430,000 $390,000 -9.3% 0.3%
WNB Financial, N.A. $840,000 $385,000 -54.2% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $380,000 n/a 0.3%
Ixonia Bank $270,000 $360,000 33.3% 0.2%
IDEAL $480,000 $355,000 -26.0% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,830,000 $345,000 -81.1% 0.2%
HomeTown Bank $740,000 $335,000 -54.7% 0.2%
SIRVA MORTGAGE, INC. $325,000 n/a 0.2%
Castle Rock Bank $320,000 n/a 0.2%
TOP FLITE FINANCIAL, INC. $315,000 n/a 0.2%
USAA Federal Savings Bank $1,505,000 $315,000 -79.1% 0.2%
Truist $205,000 $310,000 51.2% 0.2%
VERIDIAN CREDIT UNION $305,000 n/a 0.2%
Sunrise Banks $275,000 n/a 0.2%
Vermillion State Bank $275,000 n/a 0.2%
Citizens State Bank of La Crosse $265,000 n/a 0.2%
Gold Coast Bank $265,000 n/a 0.2%
M&T Bank $145,000 $265,000 82.8% 0.2%
Paramount Residential Mortgage Group, Inc. $425,000 $265,000 -37.6% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $255,000 n/a 0.2%
Stifel Bank and Trust $255,000 n/a 0.2%
Bank of America $500,000 $245,000 -51.0% 0.2%
DEEPHAVEN MORTGAGE LLC $235,000 n/a 0.2%
MEMBERS COOPERATIVE $235,000 n/a 0.2%
Neighborhood Loans, Inc. $235,000 n/a 0.2%
PLAZA HOME MORTGAGE, INC. $235,000 n/a 0.2%
Peoples State Bank of Plainview $565,000 $230,000 -59.3% 0.2%
Barrington Bank & Trust Company, N.A. $1,230,000 $225,000 -81.7% 0.2%
Citizens Community Federal $1,750,000 $225,000 -87.1% 0.2%
NEW DAY FINANCIAL, LLC $255,000 $215,000 -15.7% 0.1%
Citizens Bank $205,000 $210,000 2.4% 0.1%
Coulee Bank $205,000 n/a 0.1%
The First National Bank of River Falls $245,000 $205,000 -16.3% 0.1%
MILEND, INC. $195,000 n/a 0.1%
TRIAD FINANCIAL SERVICES, INC. $65,000 $190,000 192.3% 0.1%
SPIRE Credit Union $1,170,000 $180,000 -84.6% 0.1%
The State Bank of Faribault $680,000 $165,000 -75.7% 0.1%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $145,000 n/a 0.1%
Highland Bank $145,000 n/a 0.1%
The Loan Store, Inc. $145,000 n/a 0.1%
Baxter Credit Union $465,000 $140,000 -69.9% 0.1%
BETTER MORTGAGE CORPORATION $135,000 n/a 0.1%
MARINE $290,000 $115,000 -60.3% 0.1%
FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.1%
Johnson Bank $105,000 n/a 0.1%
Figure Lending LLC $200,000 $90,000 -55.0% 0.1%
PENTAGON FEDERAL CREDIT UNION $75,000 n/a 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
21ST MORTGAGE CORPORATION $120,000 $55,000 -54.2% 0.0%
DUPACO COMMUNITY $55,000 n/a 0.0%
Lakeview Bank $55,000 n/a 0.0%
LOANPAL, LLC $55,000 n/a 0.0%
GENISYS $225,000 $45,000 -80.0% 0.0%
SUPERIOR CHOICE $45,000 n/a 0.0%
BANKWEST, INC. $265,000 $35,000 -86.8% 0.0%
MID AMERICA MORTGAGE, INC. $35,000 n/a 0.0%
NBKC BANK $35,000 n/a 0.0%
NOVATION CREDIT UNION $35,000 n/a 0.0%
SMW Financial Credit Union $35,000 n/a 0.0%
Deerwood Bank $25,000 n/a 0.0%
Heartland Credit Union $55,000 $25,000 -54.5% 0.0%
TOPLINE FEDERAL CREDIT UNION $255,000 $15,000 -94.1% 0.0%
MidWestOne Bank $5,000 n/a 0.0%

Red Wing's top lender by overall market share is Merchants Bank, with 10.6% market share. In second place, with 5.9%, is Bell Bank, having originated $8,715,000 in loans. In third place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,470,000 in loans. In fourth place, with 4.5%, is QUICKEN LOANS, LLC, having originated $6,635,000 in loans. In fifth place, with 4.1%, is NEWREZ LLC, having originated $6,110,000 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 $240,450 (3.5%) $281,446 (-1.0%) 0.00 117
2018-02-01 $268,450 (15.7%) $293,207 (-0.1%) 0.00 122
2018-03-01 $264,450 (8.4%) $283,718 (-5.5%) 0.00 133
2018-04-01 $269,900 (12.5%) $303,495 (4.3%) 0.00 138
2018-05-01 $277,450 (13.4%) $314,384 (5.5%) 0.00 161
2018-06-01 $289,950 (20.9%) $315,131 (7.9%) 0.00 172
2018-07-01 $283,412 (18.1%) $304,907 (5.3%) 0.00 178
2018-08-01 $276,563 (14.1%) $304,270 (1.7%) 0.00 188
2018-09-01 $279,900 (14.3%) $303,188 (0.1%) 0.00 198
2018-10-01 $274,900 (5.8%) $296,552 (-4.8%) 0.00 204
2018-11-01 $282,400 (12.1%) $305,317 (0.6%) 0.00 182
2018-12-01 $289,900 (19.1%) $313,897 (7.9%) 0.00 157
2019-01-01 $269,825 (12.2%) $306,668 (9.0%) 0.00 138
2019-02-01 $274,700 (2.3%) $316,456 (7.9%) 0.00 126
2019-03-01 $282,386 (6.8%) $321,301 (13.3%) 0.00 132
2019-04-01 $291,711 (8.1%) $320,072 (5.5%) 0.00 151
2019-05-01 $279,950 (0.9%) $309,485 (-1.6%) 0.00 164
2019-06-01 $273,950 (-5.5%) $297,000 (-5.8%) 0.00 180
2019-07-01 $271,250 (-4.3%) $298,835 (-2.0%) 0.00 199
2019-08-01 $265,909 (-3.9%) $296,343 (-2.6%) 0.00 207
2019-09-01 $255,273 (-8.8%) $292,799 (-3.4%) 0.00 205
2019-10-01 $245,950 (-10.5%) $290,436 (-2.1%) 0.00 205
2019-11-01 $239,850 (-15.1%) $280,954 (-8.0%) 0.00 196
2019-12-01 $239,850 (-17.3%) $278,505 (-11.3%) 0.00 167
2020-01-01 $252,175 (-6.5%) $287,911 (-6.1%) 0.00 154
2020-02-01 $260,000 (-5.4%) $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 (-3.2%) $322,904 (8.7%) 0.00 166
2020-07-01 $284,900 (5.0%) $333,368 (11.6%) 0.00 138
2020-08-01 $314,950 (18.4%) $352,311 (18.9%) 0.00 127
2020-09-01 $299,900 (17.5%) $336,252 (14.8%) 0.00 141
2020-10-01 $289,900 (17.9%) $316,392 (8.9%) 0.00 137
2020-11-01 $287,200 (19.7%) $316,514 (12.7%) 0.00 127
2020-12-01 $278,175 (16.0%) $303,916 (9.1%) 0.00 102
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 (10.4%) 0.00 83
2021-10-01 $299,700 (3.4%) $385,900 (22.0%) 0.00 93
2021-11-01 $284,900 (-0.8%) $345,695 (9.2%) 0.00 77
2021-12-01 $298,650 (7.4%) $369,883 (21.7%) 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 $321,050 (-4.0%) $447,109 (24.1%) 0.00 42
2022-04-01 $323,500 (-2.5%) $450,254 (27.8%) 0.00 48
2022-05-01 $324,450 (10.0%) $426,790 (31.8%) 0.00 63
2022-06-01 $314,975 (4.2%) $400,270 (19.4%) 0.00 82
2022-07-01 $300,000 (-3.2%) $376,413 (7.4%) 0.00 93
2022-08-01 $315,000 (5.1%) $396,274 (15.0%) 0.00 81
2022-09-01 $329,900 (10.0%) $398,671 (7.4%) 0.00 90
2022-10-01 $322,450 (7.6%) $390,140 (1.1%) 0.00 97
2022-11-01 $317,425 (11.4%) $385,419 (11.5%) 0.00 83
2022-12-01 $299,900 (0.4%) $373,409 (1.0%) 0.00 70
2023-01-01 $295,925 (-1.3%) $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 (5.9%) $421,776 (-5.7%) 0.00 51
2023-04-01 $379,900 (17.4%) $446,662 (-0.8%) 0.00 44
2023-05-01 $363,650 (12.1%) $428,025 (0.3%) 0.00 54
2023-06-01 $356,200 (13.1%) $440,766 (10.1%) 0.00 68
2023-07-01 $364,950 (21.7%) $439,957 (16.9%) 0.00 75
2023-08-01 $398,161 (26.4%) $453,962 (14.6%) 0.00 88
2023-09-01 $375,000 (13.7%) $420,659 (5.5%) 0.00 96
2023-10-01 $348,950 (8.2%) $414,644 (6.3%) 0.00 101
2023-11-01 $323,475 (1.9%) $399,721 (3.7%) 0.00 106
2023-12-01 $343,450 (14.5%) $390,366 (4.5%) 0.00 96
2024-01-01 $340,150 (14.9%) $388,780 (-0.6%) 0.00 85
2024-02-01 $331,225 (-4.7%) $392,045 (-7.2%) 0.00 77
2024-03-01 $359,900 (5.9%) $419,559 (-0.5%) 0.00 81
2024-04-01 $389,900 (2.6%) $453,658 (1.6%) 0.00 94
2024-05-01 $397,400 (9.3%) $464,926 (8.6%) 0.00 92
2024-06-01 $369,900 (3.9%) $435,807 (-1.1%) 0.00 91
2024-07-01 $347,100 (-4.9%) $415,922 (-5.5%) 0.00 88
2024-08-01 $349,450 (-12.2%) $413,715 (-8.9%) 0.00 99
2024-09-01 $335,000 (-10.7%) $400,340 (-4.8%) 0.00 105
Red Wing's median listing price for 2024-09-01 was $335,000, a difference of $-40,000 (-10.7%) versus the prior year and $-14,450 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 2024-09-01 was $400,340, a difference of $-20,319 (-4.8%) versus the prior year and $-13,375 versus the prior month.

For the 2024-09-01 period, Red Wing had 105 MLS listings, a difference of 6 listings (6%) versus the prior month and 9 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 2,214 sqft
2018-02-01 0 days 2,344 sqft
2018-03-01 0 days 2,279 sqft
2018-04-01 0 days 2,375 sqft
2018-05-01 0 days 2,270 sqft
2018-06-01 0 days 2,166 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 2,103 sqft
2018-11-01 0 days 2,064 sqft
2018-12-01 0 days 2,048 sqft
2019-01-01 0 days 1,784 sqft
2019-02-01 0 days 1,943 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 1,872 sqft
2019-08-01 0 days 1,902 sqft
2019-09-01 0 days 1,875 sqft
2019-10-01 0 days 1,866 sqft
2019-11-01 0 days 1,834 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 1,915 sqft
2020-10-01 0 days 1,927 sqft
2020-11-01 0 days 1,904 sqft
2020-12-01 0 days 1,836 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 2,359 sqft
2022-04-01 0 days 2,200 sqft
2022-05-01 0 days 1,864 sqft
2022-06-01 0 days 1,947 sqft
2022-07-01 0 days 1,894 sqft
2022-08-01 0 days 1,940 sqft
2022-09-01 0 days 2,112 sqft
2022-10-01 0 days 1,973 sqft
2022-11-01 0 days 2,001 sqft
2022-12-01 0 days 1,711 sqft
2023-01-01 0 days 1,690 sqft
2023-02-01 0 days 1,641 sqft
2023-03-01 0 days 1,618 sqft
2023-04-01 0 days 1,656 sqft
2023-05-01 0 days 1,742 sqft
2023-06-01 0 days 1,824 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 1,844 sqft
2024-01-01 0 days 1,783 sqft
2024-02-01 0 days 1,884 sqft
2024-03-01 0 days 1,866 sqft
2024-04-01 0 days 2,030 sqft
2024-05-01 0 days 1,941 sqft
2024-06-01 0 days 1,828 sqft
2024-07-01 0 days 1,776 sqft
2024-08-01 0 days 1,820 sqft
2024-09-01 0 days 1,885 sqft
Red Wing's median listing age (time on market) for 2024-09-01 was 0 days.

Red Wing's median square footage for active listings during the 2024-09-01 period was 1,885 sqft. One year prior, the average listing was 2,064 sqft.

Red Wing, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 470 $112,950,000 $240,319
Home Improvement 86 $5,640,000 $65,581
Cash Out Refi 75 $15,735,000 $209,800
Other 63 $4,225,000 $67,063
Refi 60 $9,250,000 $154,167

Red Wing's most frequently cited loan purpose was Home Purchase, with 470 originations. The 2nd most popular reason was Home Improvement, with 86 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 283 $65,845,000 $232,668
7-8% 187 $36,865,000 $197,139
5-6% 108 $24,070,000 $222,870
Over 8% 71 $7,125,000 $100,352
2.5-3% 32 $3,040,000 $95,000
4-5% 11 $2,435,000 $221,364
<2.5% 6 $260,000 $43,333
3-4% 1 $5,000 $5,000

During 2023, Red Wing's most frequently originated rate bucket was 6-7%, with 283 originations.

Loan Sizing (Red Wing, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 287 $78,525,000 $273,606
$100,000 or less 213 $9,595,000 $45,047
$100k-200k 195 $29,765,000 $152,641
$400k-600k 50 $23,090,000 $461,800
$600k-1000k 7 $4,615,000 $659,286
$Over $1MM 2 $2,210,000 $1,105,000

Red Wing's loan sizing saw the bucket of loans from $200k-400k with 287 originations, totaling $78,525,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 300 $79,900,000 $266,333
Under 20% 153 $6,375,000 $41,667
60-80% 133 $33,995,000 $255,602
20-40% 60 $6,990,000 $116,500
40-60% 49 $10,455,000 $213,367
Over 100% 6 $1,710,000 $285,000

Red Wing's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 300 originations, totaling $79,900,000 in origination value.