$75,000
6729 Ridgewood Dr
Cannon Falls, MN
0 ba
Land7,841 sqft lot
View photos & details
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Sarah Mitchell
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Compass Real Estate · Cannon Falls, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Cannon Falls, MN(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Cannon Falls, MN Housing Market & Real Estate
Strong seller's market-13.2% YoY
Housing market overview · Updated monthly ·
$360,194median sale price
How is the Cannon Falls, MN housing market right now?
The median home sale price in Cannon Falls, MN is $360,194, down 13.2% year-over-year. Homes sell in an average of 9 days with 11 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Cannon Falls a buyer's or seller's market?
Strong seller's market1.8 months of supply9 avg. days on market
Cannon Falls, MN is currently a strong seller's market, based on 1.8 months of supply and homes selling in about 9 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
9
Fast-moving
Active listings
11
1.8 months supply
Sale-to-list
101.5%
Above asking
What does the Cannon Falls housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $360,194 |
| Median list price | $289,000 |
| Year-over-year price change | -13.2% |
| Average days on market | 9 days |
| Active inventory | 11 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 101.5% |
| Median price per sq ft | $189/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 3 |
| Listings with a price cut | 27.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cannon Falls by property type?
How the Cannon Falls, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $360,194 | $189/sq ft | 6 | 9 days |
| Townhouse | $325,000 | $209/sq ft | 2 | 37 days |
Source: Redfin · Updated monthly
The Cannon Falls housing market is currently classified as a strong seller's market with a median sale price of $360,194. Prices have fallen 13.2% compared to last year, with homes spending an average of 9 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Homes for sale in Cannon Falls
There are currently 11 homes listed for sale in Cannon Falls, Minnesota. The median listing price is $289K. Featured listings range from $75,000 to $675,000.
$75,000
6721 Ridgewood Dr
Cannon Falls, MN
0 ba
Land8,712 sqft lot
View photos & details
$75,000
6713 Ridgewood Dr
Cannon Falls, MN
0 ba
Land7,841 sqft lot
View photos & details
$82,000
6695 Ridgewood Dr
Cannon Falls, MN
0 ba
Land8,276 sqft lot
View photos & details
$98,000
6818 Timberview Ct
Cannon Falls, MN
0 ba
Land14,810 sqft lot
View photos & details
$101,000
6814 Timberview Ct
Cannon Falls, MN
0 ba
Land23,522 sqft lot
View photos & details
$154,900
L1b1 Country 24 Blvd
Cannon Falls, MN
0 ba
Land2.57 acres
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$164,900
L2b1 County 24 Blvd
Cannon Falls, MN
0 ba
Land2.18 acres
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$195,000
L2b2 County 24 Blvd
Cannon Falls, MN
0 ba
Land2.25 acres
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$195,000
L1b2 County 24 Blvd
Cannon Falls, MN
0 ba
Land2.15 acres
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$589,000
32420 59th Avenue Way
Cannon Falls, MN
5 bd3 ba2,479 sqft$238/ft²
House1.09 acres
View photos & details
$675,000
29555 Friendly Ave
Cannon Falls, MN
4 bd4 ba3,408 sqft$198/ft²
House1.26 acres
View photos & details
Looking to buy in Cannon Falls?
Get connected with a local real estate expert — free, no obligation.
Active listings
11
Homes on market
Median list price
$289K
Avg. days on market
9
Days until sale
New this week
3
Newly listed
Price drops:27.3%of listings
Sale-to-list:101.5%
Who lives in Cannon Falls?
Population
4,216
Median income
$80,515/yr
Median age
45.3 years
Owner-occupied
74.8%
College grads
21.9%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Cannon Falls?
Zillow home value
$295,324
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Cannon Falls?
Cannon Falls is a community of approximately 4K residents with a median age of 45.3 years.The median household income is $80,515, which reflects a relatively affluent area with strong earning potential. 21.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cannon Falls offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cannon Falls?
4 schools tracked · 1,058 students
The largest public schools serving Cannon Falls, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cannon Falls Secondary
Grades 6-12 · 562 students
CANNON FALLS ELEMENTARY
Grades PK-5 · 482 students
Pathways Program Grades 6-7
Grades 6-7 · 14 students
Cannon Falls HS Credit Recovery
Grades 9-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cannon Falls, MN?
Want a head-to-head view? Compare Cannon Falls side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Cannon Falls?
The median home sale price in Cannon Falls is $360,194, down 13.2% from last year.
How long do homes stay on market in Cannon Falls?
Homes typically spend 9 days on market before going under contract.
What is the median income in Cannon Falls?
The median household income is $80,515 per year.
Is Cannon Falls a buyer's or seller's market?
With 1.8 months of supply, Cannon Falls is currently a strong seller's market.
How many homes are for sale in Cannon Falls?
There are currently 11 homes listed for sale in Cannon Falls, MN.
What is the Zillow home value estimate for Cannon Falls?
The Zillow Home Value Index (ZHVI) for Cannon Falls is $295,324, representing the typical home value in the area.
How much does a single-family home cost in Cannon Falls?
The median single-family home price in Cannon Falls, MN is $360,194 (about $189 per square foot).
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