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Cottage Grove, MN 55016 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Cottage Grove, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.20
ActiveActive listings: 5656PendingPending sales: 1111
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): $495k$495kSoldMedian sold price (last 6 months): $415k$415k
What homes actually sell for in Cottage Grove, MN
Distribution of 425 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $353k to $519k
$248k to $304k: 32 sales$248k$304k to $361k: 72 sales$361k to $417k: 93 sales93sales$361k$417k to $474k: 65 sales$474k to $530k: 42 sales$474k$530k to $587k: 34 sales$587k to $643k: 22 sales$587k$643k to $700k: 22 salesMedian $415k

What the numbers say

As of September 14, 2026, Resideline is tracking 56 active listings and 11 pending sales in ZIP code 55016. That pending-to-active ratio of 0.20 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $495,230, while the median of the 425 closed sales Resideline tracked over the last six months was $414,785. 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 55 days.

Frequently asked questions

What is the median home price in 55016?

The median closed sale price in Cottage Grove, MN 55016 was $414,785 over the last six months, based on 425 closed sales tracked by Resideline. The middle half of those sales ranged from $353,110 to $518,990.

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

Resideline is currently tracking 11 pending sales against 56 active listings in 55016, a pending-to-active ratio of 0.20. 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

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