Owatonna, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Owatonna, MN is $281,152, up 6.1% year-over-year. Homes sell in an average of 36 days with 52 active listings. The market is currently a balanced market.
$281,152median sale price
Is Owatonna a buyer's or seller's market?
Owatonna, MN is currently a balanced market, based on 3.5 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
36
Average pace
Active listings
52
3.5 months supply
Sale-to-list
99.1%
Below asking
Owatonna, MN market data
| Metric | Value |
|---|---|
| Median sale price | $281,152 |
| Median list price | $289,900 |
| Year-over-year price change | +6.1% |
| Average days on market | 36 days |
| Active inventory | 52 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 99.1% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Owatonna housing market is currently classified as a balanced market with a median sale price of $281,152. Prices have risen 6.1% compared to last year, with homes spending an average of 36 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Owatonna
There are currently 52 homes listed for sale in Owatonna, Minnesota. The median listing price is $290K.
Active listings
52
Homes on market
Median list price
$290K
Avg. days on market
36
Days until sale
New this week
18
Newly listed
Top public schools in Owatonna
15 schools tracked · 5,039 students
The largest public schools serving Owatonna, 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.
OWATONNA SENIOR HIGH
Grades 9-12 · 1,494 students
Owatonna Middle School
Grades 6-8 · 1,015 students
LINCOLN ELEMENTARY
Grades K-6 · 609 students
WILSON ELEMENTARY
Grades PK-5 · 560 students
WASHINGTON ELEMENTARY
Grades K-5 · 484 students
MCKINLEY ELEMENTARY
Grades K-5 · 483 students
OWATONNA ECSE
Grades PK · 107 students
OWATONNA ALC 9-12
Grades 9-12 · 90 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in MN
Frequently asked questions
What is the average home price in Owatonna?
The median home sale price in Owatonna is $281,152, up 6.1% from last year.
How long do homes stay on market in Owatonna?
Homes typically spend 36 days on market before going under contract.
Is Owatonna a buyer's or seller's market?
With 3.5 months of supply, Owatonna is currently a balanced market.
Pre-launch · for real estate professionals
Reserve a slot on this page
Get your brokerage in front of buyers actively shopping this city on the Owatonna, MN market page when featured listings launch in the next 1-2 weeks. One brokerage slot per page, billed monthly once live.
$100 / month
Reserve slotGet Owatonna market alerts
Weekly updates on prices, inventory, and trends. Free forever.