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Owatonna, MN 55060 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Owatonna, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.06
ActiveActive listings: 3636PendingPending sales: 22
Owatonna, 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): $340k$340kSoldMedian sold price (last 6 months): $282k$282k
What homes actually sell for in Owatonna, MN
Distribution of 281 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $227k to $350k
$135k to $178k: 17 sales$135k$178k to $221k: 36 sales$221k to $264k: 47 sales$221k$264k to $307k: 51 sales51sales$307k to $351k: 49 sales$307k$351k to $394k: 23 sales$394k to $437k: 19 sales$394k$437k to $480k: 10 salesMedian $282k

What the numbers say

As of October 26, 2026, Resideline is tracking 36 active listings and 2 pending sales in ZIP code 55060. That pending-to-active ratio of 0.06 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $340,000, while the median of the 281 closed sales Resideline tracked over the last six months was $281,500. 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 55060 for 83 days.

Frequently asked questions

What is the median home price in 55060?

The median closed sale price in Owatonna, MN 55060 was $281,500 over the last six months, based on 281 closed sales tracked by Resideline. The middle half of those sales ranged from $227,400 to $350,000.

Is 55060 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 36 active listings in 55060, a pending-to-active ratio of 0.06. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 55060 is currently a typical-pace market.

Nearby ZIP code market data

Full Owatonna, MN housing market report →

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