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Featured local agent — Credit River, MN
Sarah Mitchell
Compass Real Estate · Credit River, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Credit River, MN Housing Market
The last median sale price Redfin published was $857,050, -31.4% year over year (through May 2026). With 2.8 months of supply and homes going under contract in about 14 days, Credit River is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $857,050 home is about $4,575/mo in principal and interest.
Key numbers for Credit River, MN
Median sale price
$857,050
-31.4% year over year
Redfin, through May 2026
Days on market
14
Fast-moving
Redfin, through May 2026
Active listings
17
2.8 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$149,524
Home costs 5.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.5%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Credit River a buyer's or seller's market?
Credit River, MN is a seller's market, based on 2.8 months of supply and homes selling in about 14 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Credit River housing market data show?
Every row below is Redfin's final published month for Credit River, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $857,050 |
| Median list price | $1.20M |
| Year-over-year price change | -31.4% |
| Median price per sq ft | $232/sq ft |
| Median days on market | 14 days |
| Active inventory | 17 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.5% |
| Homes sold (that month) | 6 |
| New listings (that month) | 11 |
| Listings with a price cut | 11.8% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Credit River is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Credit River is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Credit River home prices moved?
Over the last three years the median sale price in Credit River, MN rose 90.5%, from $450,000 to $857,050. 11.8% of Credit River listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.8 months while the sale-to-list ratio slips below its current 99.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Credit River?
Priced off the median sale price of $857,050 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $171,410 | $685,640 | $4,575/mo |
| 5% | $42,853 | $814,198 | $5,433/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,575, that implies roughly $196,089 a year before you add taxes and insurance. The median household in Credit River earns $149,524, about $46,565 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 5.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Credit River in the next 12 months?
Tell us your timeline. We send the Credit River market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Credit River?
Zillow does not publish a rent index (ZORI) for Credit River, MN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Credit River?
Active listings in Credit River, MN went from 16 in March 2025 to 17 in May 2026, a +6.3% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| April 2025 | 17 | 8 |
| May 2025 | 15 | 6 |
| June 2025 | 20 | 8 |
| July 2025 | 20 | 9 |
| August 2025 | 19 | 4 |
| September 2025 | 14 | 6 |
| October 2025 | 11 | 2 |
| November 2025 | 10 | 2 |
| December 2025 | 8 | not published |
| January 2026 | 10 | 3 |
| April 2026 | 16 | 7 |
| May 2026 | 17 | 11 |
Redfin, through May 2026
How does Credit River compare to Minnesota and the U.S.?
Credit River homes sell for $857,050 — 130% above the Minnesota median of $372,300. Against the national median of $410,700, Credit River runs 109% higher. Year-over-year, Credit River moved -31.4% against Minnesota's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Credit River, MN | $857,050 | -31.4% | 14 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Credit River
What buyers should watch
- Months of supply, currently 2.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 11.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $858 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $857,050 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Credit River listing goes under contract in 14 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Credit River added 11 new listings against 6 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Credit River varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Credit River
There are currently 17 homes listed for sale in Credit River, Minnesota. The median listing price is $1.2M.
Active listings
17
Homes on market
Median list price
$1.2M
Avg. days on market
14
Days until sale
New this week
11
Newly listed
How much do homes cost in Credit River by property type?
How the Credit River, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $857,050 | $232/sq ft | 6 | 14 days |
Who lives in Credit River?
American Community Survey estimates for Credit River. U.S. Census ACS, 2023
Population
5,531
Households
1,956
Median income
$149,524/yr
Median age
43 years
Owner-occupied
97.7%
Median home value
$577,600
Median gross rent
$890/mo
Mean commute
25.4 min
97.7% of occupied homes in Credit River are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Credit River, MN?
Ordered by distance from Credit River, not by size. Compare Credit River side by side with any of them.
Credit River housing market FAQ
Is Credit River a buyer's or seller's market?
Credit River, MN is currently a seller's market. That read comes from 2.8 months of supply, homes going under contract in about 14 days, and sellers getting 99.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Credit River?
The median sale price in the last month Redfin published was $857,050, about $232 per square foot.
Is Credit River cheaper than the rest of Minnesota?
Credit River's median sale price of $857,050 is 130% higher than the Minnesota statewide median of $372,300, and 109% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Credit River?
Homes in Credit River, MN spent a median of 14 days on market before going under contract, versus 25 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Credit River?
At the current 30-year fixed rate of 7.03%, 20% down on a $857,050 home is about $4,575 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $196,089 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $149,524.
Are home prices rising in Credit River?
Redfin's last published year-over-year change for Credit River, MN was -31.4%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Credit River?
Credit River ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Credit River?
That depends on your timeline, not on a headline. What the data says today: Credit River, MN is a seller's market with 2.8 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $857,050, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.