$90,000
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408 Romeo Dr Unit 287, Lakeville, MN 55044
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Why Live in Cannon Falls
Cannon Falls, Minnesota, is a riverside community situated along U.S. Route 52, nestled between Rochester and Minneapolis. Known for its picturesque topography, the area boasts abundant trees, valleys, and natural beauty, with the Cannon River winding through town and alongside waterfront parks. This small community of around 4,000 residents enjoys proximity to larger metro areas like Red Wing and hosts year-round community celebrations. The historic downtown district offers local shopping and dining options, including popular spots like Nick's Downtown Diner, Mill Street Tavern, Cannon River Winery, and CannonBelles Coffee & Ice Cream. Housing in Cannon Falls ranges from 19th-century Victorian homes and American Foursquares to Cape Cods, ranch-style homes, and new builds with New Traditional architecture. Recreational opportunities abound with about a dozen public parks, a seasonal community pool, trails, and sports fields. Hannah's Bend Park features a frisbee golf course and walking trails, while Riverside Park provides a canoe launch point. Lake Byllesby is another popular spot for kayaking and ice fishing. The Cannon Valley Trail, a 20-mile-long path, connects to Red Wing. Cannon Falls Area Schools serve the community, with Cannon Falls Elementary and Cannon Falls High School & Middle School both receiving high ratings. Annual events like the Cannon Valley Fair, Midsummer Festival, and Deck the Falls bring residents together for celebrations. U.S. Route 52 and Minnesota state Route 19 provide easy access to Minneapolis, which is about 45 miles north, and Red Wing, approximately 20 miles east. Minneapolis-St. Paul International Airport is roughly 35 miles away, ensuring convenient travel options.
Home Trends in Cannon Falls, MN
On average, homes in Cannon Falls, MN sell after 143 days on the market compared to the national average of 70 days. The median sale price for homes in Cannon Falls, MN over the last 12 months is $439,850, up 17% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$439,850
Median Single Family Sale Price
$465,000
Average Price Per Sq Ft
$193
Number of Homes for Sale
4
Last 12 months Home Sales
16
Months of Supply
3.00
Median List Price
$472,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
17%
Cannon Falls Types of Homes for Sale
Cannon Falls Real Estate Listings
More About Living in Cannon Falls
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