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Cottage Grove, MN 55016 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Cottage Grove, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 5656PendingPending sales: 99
Cottage Grove, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $485k$485kSoldMedian sold price (last 6 months): $415k$415k
What homes actually sell for in Cottage Grove, MN
Distribution of 447 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $353k to $525k
$250k to $307k: 33 sales$250k$307k to $364k: 79 sales$364k to $421k: 94 sales94sales$364k$421k to $478k: 71 sales$478k to $534k: 41 sales$478k$534k to $591k: 39 sales$591k to $648k: 21 sales$591k$648k to $705k: 25 salesMedian $415k

What the numbers say

As of October 5, 2026, Resideline is tracking 56 active listings and 9 pending sales in ZIP code 55016. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $485,495, while the median of the 447 closed sales Resideline tracked over the last six months was $415,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55016 for 64 days.

Frequently asked questions

What is the median home price in 55016?

The median closed sale price in Cottage Grove, MN 55016 was $415,000 over the last six months, based on 447 closed sales tracked by Resideline. The middle half of those sales ranged from $353,110 to $524,900.

Is 55016 a buyer's or seller's market?

Resideline is currently tracking 9 pending sales against 56 active listings in 55016, a pending-to-active ratio of 0.16. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55016 currently looks like a balanced market.

Nearby ZIP code market data

Full Cottage Grove, MN housing market report →

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