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 6.86% for the week of 2024-04-18, compared to the national average of 7.1% for the same period.

    The average rate for the prior week (2024-04-11) was 6.94% and one month ago for the week of 2024-03-14, the average rate was 6.5%.

    Red Wing's average rate one year ago was 5.93%.

    For refis of the same type during the week of 2024-04-18, the average rate was 7.3%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-18 7.1%
    Red Wing 30 Year Fixed Rate 2024-04-18 6.86%
    Red Wing 30 Year Fixed Rate Refi 2024-04-18 7.3%
    Red Wing 15 Year Fixed Rate 2024-04-18 6.19%
    Red Wing 15 Year Fixed Rate Refi 2024-04-18 6.29%
    Red Wing 30 Year FHA 2024-04-18 6.86%
    Red Wing 30 Year FHA Refi 2024-04-18 6.76%
    Red Wing 30 Year USDA 2024-04-18 6.66%
    Red Wing 30 Year USDA Refi 2024-04-18 6.86%
    Red Wing 30 Year VA 2024-04-18 6.56%
    Red Wing 30 Year VA Refi 2024-04-18 6.86%
    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
    Red Wing's median listing price for 2024-03-01 was $359,900, a difference of $20,000 (5.9%) versus the prior year and $28,675 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 2024-03-01 was $419,559, a difference of $-2,217 (-0.5%) versus the prior year and $27,514 versus the prior month.

    For the 2024-03-01 period, Red Wing had 81 MLS listings, a difference of 4 listings (5%) versus the prior month and 30 listings (59%) 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
    Red Wing's median listing age (time on market) for 2024-03-01 was 0 days.

    Red Wing's median square footage for active listings during the 2024-03-01 period was 1,866 sqft. One year prior, the average listing was 1,618 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.