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Featured local agent — Deerwood, MN
Sarah Mitchell
Compass Real Estate · Deerwood, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Deerwood, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$349,950median sale price
How is the Deerwood, MN housing market right now?
The median home sale price in Deerwood, MN is $349,950, down 66.7% year-over-year. Homes sell in an average of 128 days with 3 active listings. The market is currently a balanced 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 Deerwood a buyer's or seller's market?
Deerwood, MN is currently a balanced market, based on 1.5 months of supply and homes selling in about 128 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
128
Average pace
Active listings
3
1.5 months supply
Sale-to-list
88.5%
Below asking
What does the Deerwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $349,950 |
| Year-over-year price change | -66.7% |
| Average days on market | 128 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 88.5% |
| Median price per sq ft | $187/sq ft |
| Homes sold (latest month) | 2 |
| Listings with a price cut | 66.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Deerwood by property type?
How the Deerwood, 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 | $349,950 | $187/sq ft | 2 | 128 days |
| Condo / Co-op | $180,000 | $140/sq ft | 1 | 122 days |
| Townhouse | $313,000 | $266/sq ft | 2 | 6 days |
Source: Redfin · Updated monthly
The Deerwood housing market is currently classified as a balanced market with a median sale price of $349,950. Prices have fallen 66.7% compared to last year, with homes spending an average of 128 days on market, indicating 1.5 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 7.1x provides context for how home values compare to local earning capacity.
Homes for sale in Deerwood
There are currently 3 homes listed for sale in Deerwood, Minnesota.
Active listings
3
Homes on market
Avg. days on market
128
Days until sale
Who lives in Deerwood?
Population
649
Median income
$62,679/yr
Median age
30.8 years
Owner-occupied
56.4%
College grads
30.5%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Deerwood?
Zillow home value
$447,531
Price-to-income
7.1x
Source: Zillow Research
What is it like to live in Deerwood?
Deerwood is a community of approximately 1K residents with a median age of 30.8 years.The median household income is $62,679, which represents a working-class community with solid middle-income opportunities. 30.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.4%, showing a blend of owner and renter-occupied properties. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Deerwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Deerwood, MN?
Want a head-to-head view? Compare Deerwood side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Deerwood?
The median home sale price in Deerwood is $349,950, down 66.7% from last year.
How long do homes stay on market in Deerwood?
Homes typically spend 128 days on market before going under contract.
What is the median income in Deerwood?
The median household income is $62,679 per year.
Is Deerwood a buyer's or seller's market?
With 1.5 months of supply, Deerwood is currently a balanced market.
What is the Zillow home value estimate for Deerwood?
The Zillow Home Value Index (ZHVI) for Deerwood is $447,531, representing the typical home value in the area.
What is the median condo price in Deerwood?
The median condo/co-op sale price in Deerwood, MN is $180,000, compared to $349,950 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Deerwood?
The median single-family home price in Deerwood, MN is $349,950 (about $187 per square foot).
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