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Featured local agent — Cottage Grove, MN
Sarah Mitchell
Compass Real Estate · Cottage Grove, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Cottage Grove, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$409,503median sale price
How is the Cottage Grove, MN housing market right now?
The median home sale price in Cottage Grove, MN is $409,503, up 4.2% year-over-year. Homes sell in an average of 19 days with 128 active listings. The market is currently a strong seller's 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 Cottage Grove a buyer's or seller's market?
Cottage Grove, MN is currently a strong seller's market, based on 1.7 months of supply and homes selling in about 19 days. How we determine this →
Homes sold
74
Last 12 weeks
Days on market
19
Fast-moving
Active listings
128
1.7 months supply
Sale-to-list
101.2%
Above asking
What does the Cottage Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $409,503 |
| Median list price | $399,900 |
| Year-over-year price change | +4.2% |
| Average days on market | 19 days |
| Active inventory | 128 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 101.2% |
| Median price per sq ft | $203/sq ft |
| Homes sold (latest month) | 74 |
| New listings (latest month) | 81 |
| Listings with a price cut | 43.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Cottage Grove by property type?
How the Cottage Grove, 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 | $430,000 | $211/sq ft | 55 | 15 days |
| Townhouse | $309,900 | $189/sq ft | 19 | 24 days |
Source: Redfin · Updated monthly
The Cottage Grove housing market is currently classified as a strong seller's market with a median sale price of $409,503. Prices have risen 4.2% compared to last year, with homes spending an average of 19 days on market, indicating 1.7 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Cottage Grove
There are currently 128 homes listed for sale in Cottage Grove, Minnesota. The median listing price is $400K.
Active listings
128
Homes on market
Median list price
$400K
Avg. days on market
19
Days until sale
New this week
81
Newly listed
Who lives in Cottage Grove?
Population
40,124
Median income
$121,452/yr
Median age
36.8 years
Owner-occupied
88.4%
College grads
39.3%
Avg commute
24.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Cottage Grove?
Zillow home value
$404,733
Zillow rent index
$1,916/mo
Price-to-rent ratio
17.6x
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Cottage Grove?
Cottage Grove is a community of approximately 40K residents with a median age of 36.8 years.The median household income is $121,452, which reflects a relatively affluent area with strong earning potential. 39.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 88.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Cottage Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Cottage Grove?
14 schools tracked · 7,555 students
The largest public schools serving Cottage Grove, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Park High School
Grades 9-12 · 1,957 students
OLTMAN MIDDLE SCHOOL
Grades 6-8 · 1,002 students
COTTAGE GROVE MIDDLE SCHOOL
Grades 6-8 · 972 students
GREY CLOUD ELEMENTARY
Grades K-5 · 774 students
Ages 3-5 Early Childhood Special Ed
Grades PK · 561 students
PINE HILL ELEMENTARY
Grades K-5 · 521 students
HILLSIDE ELEMENTARY
Grades PK-5 · 424 students
COTTAGE GROVE ELEMENTARY
Grades K-5 · 421 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cottage Grove, MN?
Want a head-to-head view? Compare Cottage Grove side-by-side with any other U.S. city using our market-comparison tool.
Is Cottage Grove a good real estate investment market?
For investors evaluating Cottage Grove, the price-to-rent ratio of 17.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Cottage Grove's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Cottage Grove's median home price.
Frequently asked questions
What is the average home price in Cottage Grove?
The median home sale price in Cottage Grove is $409,503, up 4.2% from last year.
How long do homes stay on market in Cottage Grove?
Homes typically spend 19 days on market before going under contract.
What is the median income in Cottage Grove?
The median household income is $121,452 per year.
Is Cottage Grove a buyer's or seller's market?
With 1.7 months of supply, Cottage Grove is currently a strong seller's market.
What is the Zillow home value estimate for Cottage Grove?
The Zillow Home Value Index (ZHVI) for Cottage Grove is $404,733, representing the typical home value in the area.
How much does a single-family home cost in Cottage Grove?
The median single-family home price in Cottage Grove, MN is $430,000 (about $211 per square foot).
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