Owatonna, MN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Owatonna market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Owatonna, MN.
The Owatonna, MN market is currently characterized as Cooling, primarily driven by a pending ratio of 0.30, which reflects demand absorption severely lagging available supply. This metric has seen a significant contraction of 21.6% year-over-year, indicating a substantial shift in market dynamics. Active listings have expanded considerably, increasing by 39.3% over the past year.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Owatonna market right now.
Inventory levels have expanded notably, with active listings increasing by 39.3% year-over-year to 128 units. New listings also showed modest growth, up 5.6% year-over-year. Concurrently, the pending ratio declined by 21.6% year-over-year to 0.30, signaling a softening in demand relative to available supply. The median listing price has shown modest appreciation of 2.7% year-over-year, despite a slight month-over-month decrease of 0.4%, while the share of price-reduced properties has risen by 5.1% year-over-year to 26.7%.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current market condition suggests that negotiating leverage is shifting, with a pending ratio of 0.30 indicating that properties are remaining on the market longer and buyers have more options. The substantial increase in active listings (39.3% year-over-year) reduces inventory pressure, allowing for greater price discipline. The rise in price reductions further points to an environment where buyers may be able to secure more favorable terms.
The average listing price has increased by 8.1% year-over-year, outpacing the 2.7% year-over-year increase in the median listing price, suggesting some divergence at higher price points. However, the median price per square foot has risen by 3.8% year-over-year. No distinct luxury-segment signal in this dataset.
128 active listings represent the current floor, with new supply arriving at roughly 38 per month.
of active listings carry a price reduction, +5.1% from prior period.
Median price per square foot has moved +3.8% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Owatonna, MN? Inventory is up 39% from last year.
Buyers have leverage in Owatonna, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 30%
- Median Days on Market
- 51 days
- Inventory YoY
- +39%
In a buyer's market, strategy beats timing. See how your home scores in Owatonna, MN and what moves the number.
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Metro Demographics
ZIPs in Owatonna, MN
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