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County Overview

Steele County, MN

Aggregate real estate market report across county ZIPs
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Steele County, MN real estate market currently shows 112 active listings, with 45 pending sales. Homes are averaging 46 days on the market before going under contract.

Inventory has increased compared to last year, with 26 more homes available — giving buyers more choice.

Homes are selling faster, averaging 46 days on market compared to 56 days last year.

The median listing price has fallen 13.4% year-over-year, from $399,700 to $345,950.

Whether you are buying or selling in Steele County, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 38,007  ·  Density: 47.0/mi²  ·  Median household income: $80,289

Typical home value: $218,084  ·  Homeownership: 77.8%

Included Areas

Blooming Prairie: 55917

Ellendale: 56026

Hope: 56046

Medford: 55049

Owatonna: 55060

Area Map

Market Overview

Active Listings
112
⇧ 30.2% vs 86 last year
Pending
45
40% pending ratio
Median Price
$345,950
⇩ 13.4% vs $399,700 last year
Average Price
$351,331
⇩ 19.6% vs $437,139 last year
Days on Market
46
⇩ 17.9% vs 56 days last year

Price Per Square Foot

Median $/sqft
$158
⇩ 17.7% vs $192/sqft last year
Median Home Size
2,025 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.9%
Listings with no price change
Price Reduced
0.1%
⇧ 3.3% vs 0.1% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %