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OWATONNA, MN 55060

Real Estate Market Report  ·  Steele County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
79
⇧ 17.9% vs 67 last year
Pending
24
30% pending ratio
Median Price
$339,950
⇧ 3.8% vs $327,475 last year
Average Price
$356,787
⇩ 12.9% vs $409,560 last year
Days on Market
78
⇩ 2.5% vs 80 days last year

Market Context

Population: 29,657  ·  Density: 56.3/mi²  ·  Median household income: $80,313

Typical home value: $222,641  ·  Homeownership: 75.5%

Market Analysis

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

The OWATONNA, MN real estate market (55060) currently shows 79 active listings, with 24 pending sales. Homes are averaging 78 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are selling faster, averaging 78 days on market compared to 80 days last year.

The median listing price has risen 3.8% year-over-year, from $327,475 to $339,950.

Whether you are buying or selling in OWATONNA, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 79 this year vs 67 last year
  • Days on market: 78 now vs 80 last year

Median & Average Pricing

Year over Year
  • Median: $339,950 (+3.8% YoY)
  • Average: $356,787 (-12.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.7 miles — 146 listings ($49,720,712 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55060Owatonna, MN 550600.0 mi79$28,186,173$339,950$356,787
55924Claremont, MN 5592410.5 mi1$525,000$525,000$525,000
56093Waseca, MN 5609314.4 mi23$5,717,271$219,900$248,577
55052Morristown, MN 5505216.0 mi4$1,759,760$449,900$439,940
55985West Concord, MN 5598517.4 mi10$3,949,800$350,000$394,980
56072New Richland, MN 5607218.2 mi6$1,368,198$224,900$228,033
56045Hollandale, MN 5604520.7 mi3$1,657,350$552,450$552,450
55053Nerstrand, MN 5505321.5 mi1$304,950$304,950$304,950
55940Hayfield, MN 5594023.8 mi6$1,916,700$319,450$319,450
56052Kilkenny, MN 5605224.4 mi3$1,138,350$379,450$379,450
55019Dundas, MN 5501924.5 mi7$2,619,260$404,950$374,180
56091Waldorf, MN 5609125.0 mi2$298,000$149,000$149,000
56032Freeborn, MN 5603225.7 mi1$279,900$279,900$279,900

Frequently Asked Questions

How many homes are for sale in OWATONNA, MN 55060?

As of January 2026, there are 79 active listings in OWATONNA, MN (zip code 55060), compared to 67 the prior year.

What is the median home price in OWATONNA, MN 55060?

The median listing price in OWATONNA, MN 55060 is $339,950 as of January 2026, a 3.8% increase from $327,475 the prior year.

How long do homes stay on the market in OWATONNA, MN?

Homes in OWATONNA, MN 55060 spend an average of 78 days on the market before going under contract, compared to 80 days the prior year.

Is it a seller's or buyer's market in OWATONNA, MN 55060?

Based on current inventory and days-on-market data as of January 2026, OWATONNA, MN 55060 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are selling faster, averaging 78 days on market compared to 80 days last year.

How much can I save on real estate commission in OWATONNA, MN?

With SELL123.com's maximum 3% commission, sellers in OWATONNA, MN 55060 save an estimated $6,799 compared to a typical 5% commission on the median listing price of $339,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.