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Downtown Owatonna (Downtown)

OWATONNA, MN 55060

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55060

Downtown Owatonna (Downtown)

Market Analysis

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

The OWATONNA, MN real estate market (55060) currently shows 89 active listings, with 37 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 52 days on market compared to 57 days last year.

The median listing price has fallen 9.9% year-over-year, from $399,900 to $360,450.

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 Context

Market Context

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

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

Market Overview

Active Listings
89
⇧ 17.1% vs 76 last year
Pending
37
42% pending ratio
Median Price
$360,450
⇩ 9.9% vs $399,900 last year
Average Price
$359,667
⇩ 23.9% vs $472,344 last year
Days on Market
52
⇩ 8.8% vs 57 days last year

Price Per Square Foot

Median $/sqft
$165
⇩ 17.1% vs $199/sqft last year
Median Home Size
2,012 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 76 last year
  • Days on market: 52 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $360,450 (-9.9% YoY)
  • Average: $359,667 (-23.9% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.8 miles — 180 listings ($66,977,872 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55060Owatonna, MN 550600.0 mi80$27,670,640$354,850$345,883
55049Medford, MN 550498.1 mi4$1,139,800$269,900$284,950
56026Ellendale, MN 5602613.2 mi7$1,915,151$222,450$273,593
55917Blooming Prairie, MN 5591714.5 mi8$2,069,400$254,900$258,675
56035Geneva, MN 5603516.6 mi1$296,000$296,000$296,000
55985West Concord, MN 5598517.4 mi10$4,174,540$406,250$417,454
56072New Richland, MN 5607218.2 mi6$1,395,240$229,900$232,540
56045Hollandale, MN 5604520.7 mi2$1,104,900$552,450$552,450
55053Nerstrand, MN 5505321.5 mi1$875,000$875,000$875,000
56096Waterville, MN 5609622.5 mi14$5,362,000$297,500$383,000
55955Mantorville, MN 5595524.2 mi5$2,356,125$471,225$471,225
56048Janesville, MN 5604824.4 mi7$2,631,356$321,975$375,908
55944Kasson, MN 5594424.8 mi35$15,987,720$448,800$456,792

Frequently Asked Questions

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

As of March 2026, there are 89 active listings in OWATONNA, MN (zip code 55060), compared to 76 the prior year.

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

The median listing price in OWATONNA, MN 55060 is $360,450 as of March 2026, a 9.9% decrease from $399,900 the prior year.

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

Homes in OWATONNA, MN 55060 spend an average of 52 days on the market before going under contract, compared to 57 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 March 2026, OWATONNA, MN 55060 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 52 days on market compared to 57 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 $7,209 compared to a typical 5% commission on the median listing price of $360,450. 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.