Red Lake Real Estate & MLS® Listings

As of November 2026, homes for sale in Red Lake, Ontario carry a median asking price of about $139,000, across 21 active MLS listings for sale. Asking prices have risen about 34.0% in the past month, a sign that buyer demand is running ahead of supply. Inventory is on the tighter side, so well priced homes tend to attract attention quickly.

At this level Red Lake is one of the more attainable markets in Ontario, which makes it popular with first time buyers and investors. On a per square foot basis, homes here run around $291, a useful benchmark when two listings look similar on paper. The most active pockets of the Red Lake housing market right now include TB-701, so those are good places to start a search. Because prices are firming, getting pre approved and moving decisively on the right home makes a difference.