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City in Ontario

Homes for sale in Red Lake

Name: HOMEH Market Pulse — Red Lake closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

Browse all Red Lake real estate listings in one place: 20 homes for sale in Red Lake, ON, from $19,000 to $479,000, with a median asking price of $120,000. Most are vacant lots and detached houses.

affordable quiet community-oriented

4,094 people lived in Red Lake at the 2021 Census, in 1,715 households. 75% of households owned their home and 25% rented. The most common homes were single-detached houses (81%) and low-rise apartments (9%). 67% of homes were built before 1981, and 5% since 2011. 90% of commuters went to work by car and 0% by public transit.

No rental properties available Population of 4,094 No parks or schools in the area

Red Lake, Ontario

Red Lake MLS® Listings

Day to dayLivability

Schools near listings

out of 10 · averaged over 18 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$120,000

83% below Ontario

In Red Lake

$120,000

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

Median $120,000

Houses 20

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Low median sale price compared to Ontario
Small community feel
Potential for affordable home ownership

Keep in mind

No rental options available
Limited amenities like parks and schools
Small population may feel isolated

The feel of the placeLifestyle

Daily life in Red Lake is quiet and community-focused, with limited amenities. Residents may need to travel for more services.

Great for first-time buyers those seeking affordability small-town living

Within the boundaryWhat's nearby

The boundary

724.5 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

Pharmacies

Counted across all 724.5 km² of Red Lake. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.1/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

Red Lake Madsen Public School
Public · Grades JK–8 · Keewatin-Patricia DSB
7.9/10
387th of 3,045 Ontario elementary schools
155 students · EQAO 2024-2025
Golden Learning Centre
Public · Grades JK–8 · Keewatin-Patricia DSB
4.2/106.0 over 5 yrs
2,505th of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
Red Lake District High School
Public · Grades 9–12 · Keewatin-Patricia DSB
3.2/103.8 over 5 yrs
697th of 742 Ontario secondary schools
270 students · EQAO 2024-2025
Spark Red Lake Madsen
Public · Grades 1–5 · Keewatin-Patricia DSB
Not rated
St John School
Independent · Red Lake Area Combined RCSSB
Not rated
St John School
Catholic · Grades JK–8 · Kenora CDSB
Not rated
135 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Red Lake, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

4,094

Population (2021)

602.9 km²

Area

People per km²

38.8

Median age

$111,801

Median income

75%

Own their home

2.4

People per household

1,715

Households

Every age

Children (under 15)19.4%
Working age (15–64)65.3%
Seniors (65+)15.3%

What is built here

Detached houses81.4%
Semi-detached2.1%
Townhouses3.8%
Duplexes1.8%
Low-rise apartments8.8%

Own or rent

75%Owners

25%Renters

Across 1,715 households

When it was built

Mostly 1961–1980

1960 or earlier25%
1961–198041%
1981–199013%
1991–20009%
2001–20051%
2006–20104%
2011–20152%
2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

5.2%
Born outside Canada: 17.5%
Hold a degree or higher: 62.7%
Employment rate: 0%
Commute by transit: 89.9%
Commute by car: 1.8
Children per family: $94,151
Median income after tax: $130,527
Average household income: 6.6%
Living on a low income: $1,019/mo
Renters pay, per month: $1,181/mo
Owners pay, per month: $237,555
Median home value at census: 14.8%
Renters spending 30%+ of income on housing: 4.4%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 8 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)

HOMEH Market Pulse Through September 2026 Moderate sales history

What Homes in Red Lake Actually Sell For

41 homes changed hands in Red Lake over the 12 months to September 2026. Half sold above $164,134 and half below, 44.1% lower than the 12 months before. A typical home found its buyer in 44 days — 3 days slower than a year ago.

Median sold price: $164K; -44.1% year over year
Days to sell: 44; 3 days slower
Sales closed: 41; last 12 months
Per square foot: $278; from 1 sized sales

Three years of sold prices

The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one home here differs from the next.

$488K$320K$152K$-16K

Sep ’24May ’25Jan ’26Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$942,400

on a $1,000,000 asking price — under ask by $57,600

−10%Asking price+10%

Of the asking price: 94.2%
Sold over asking: 12.2%

From 41 sales that closed here in the last 12 months.

What actually trades in Red Lake

A single median hides this: the mix of homes behind it, and what each kind costs.

41sales

Detached$256K12.2%
Other kinds, too few of each —87.8%

How fast it moves

Median days on market, month by month. Taller means slower.

Apr 2025Jul 2026

Terracotta marks the last 12 months.

Every month behind these charts — Red Lake, sales

Monthly closed sales in Red Lake
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	4	Not enough sales this month to report a median
Aug 2026	4	Not enough sales this month to report a median
Jul 2026	8	$127,500	$19K – $267K	24	92.6%
Jun 2026	2	Not enough sales this month to report a median
May 2026	7	$49,000	$39K – $110K	39	91.9%
Apr 2026	3	Not enough sales this month to report a median
Mar 2026	3	Not enough sales this month to report a median
Jan 2026	1	Not enough sales this month to report a median
Dec 2025	3	Not enough sales this month to report a median
Nov 2025	2	Not enough sales this month to report a median
Oct 2025	4	Not enough sales this month to report a median
Sep 2025	5	$265,000	$260K – $295K	27	96.8%
Aug 2025	6	$279,500	$198K – $396K	60	97.2%
Jul 2025	5	$190,000	$185K – $245K	23	92.4%
Jun 2025	6	$325,000	$281K – $410K	27	97.5%
May 2025	2	Not enough sales this month to report a median
Apr 2025	7	$415,000	$302K – $453K	30	97.9%
Mar 2025	3	Not enough sales this month to report a median
Feb 2025	3	Not enough sales this month to report a median
Jan 2025	2	Not enough sales this month to report a median
Dec 2024	1	Not enough sales this month to report a median
Oct 2024	1	Not enough sales this month to report a median
Sep 2024	1	Not enough sales this month to report a median

16 of these months closed fewer than 5 sales. A middle value taken over that few is not a market figure — with one sale it is simply that home's closing price — so the count is shown and the median is not. The sales themselves still count toward the 12-month figures above.

What people ask about Red Lake

How much does a home cost in Red Lake?

Homes in Red Lake sold for a median of $164,134 over the 12 months to September 2026, across 41 closed sales — half sold for more and half for less. That is 44.1% lower than the 12 months before it.

How long does it take to sell a home in Red Lake?

A home in Red Lake took a median of 44 days on the market over the 12 months to September 2026. Homes there closed at 94.2% of the asking price on average, with 12.2% selling over asking.

Compiled by HOMEH from sales reported closed in Red Lake on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Questions, answered

Common questions about homes for sale in Red Lake

How many homes are for sale in Red Lake, ON right now?

20 homes are for sale in Red Lake on MLS® right now. The busiest neighbourhood is TB-701, with 5 homes for sale.

Homes for sale in TB-701

What is the average house price in Red Lake?

The median asking price of the 20 homes for sale in Red Lake is $120,000: half are listed above it and half below. By type, the median is $72,750 for vacant lots and $265,000 for detached houses.

Houses for sale in Red Lake

Where can I find cheap houses for sale in Red Lake?

19 homes in Red Lake are listed under $800K. The lowest asking price today is $19,000.

Homes under $800K in Red Lake

How do I get cash back when I buy a home in Red Lake?

Buy through HOMEH and you get a Cashback Rebate of 1.5% of the purchase price, paid at closing, subject to eligibility and your buyer agreement. On Red Lake’s median asking price of $120,000, that would be $1,800.

How the Cashback Rebate works

Keep looking

More Houses to Buy in Red Lake

20 homes are for sale in Red Lake. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.

At a glance