Owatonna, MN

Balanced market+6.1% YoY

Housing market overview · Updated weekly

$281,152median sale price

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

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

Price drops:19.2%of listings
Sale-to-list:99.1%

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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.

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