Owatonna, MN metro area Housing Market Brief
metro · MN · score computed October 2026
What is Owatonna, MN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 1 of 5 (population 12,616–37,875) · comparable within its band
Where is Owatonna, MN metro area in its market cycle?
Owatonna, MN metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Owatonna, MN metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Owatonna, MN metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $277K | ▼ -1.1% | Redfin |
| Median Days on Market | 49 days | ▲ +133.3% | Redfin |
| Months of Supply | 3.8 | ▲ +46.2% | Redfin |
| Homes for Sale | 128 | ▲ +20.8% | Redfin |
| Homes Sold | 34 | ▼ -17.1% | Redfin |
| Median Price / Sq Ft | $146 | ▼ -7.4% | Redfin |
How has Owatonna, MN metro area’s Alpha Score moved?
Markets like Owatonna, MN metro area
- Central City, KY metro area, KYmetro
- Bluffton, IN metro area, INmetro
- Point Pleasant, WV metro area, WVmetro
- Worthington, MN metro area, MNmetro50
- Hillsdale, MI metro area, MImetro50
- Danville, KY metro area, KYmetro49
- Escanaba, MI metro area, MImetro41
- Grand Rapids, MN metro area, MNmetro44
- Marshall, MN metro area, MNmetro44
- Glasgow, KY metro area, KYmetro47
Frequently asked questions
Is Owatonna, MN metro area a buyer's or seller's market?
In the scores computed October 2026, Owatonna, MN metro area is classified as a Balanced Market, based on its Alpha Score of 43 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Owatonna, MN metro area?
The median sale price in Owatonna, MN metro area is $277K, having fallen 1.1% over the past year, according to Redfin.
How affordable is Owatonna, MN metro area?
Owatonna, MN metro area scores 65 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Owatonna, MN metro area's Alpha Score?
Owatonna, MN metro area's strongest dimension is Affordability (65/100) and its weakest is Economic Strength (7/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Owatonna, MN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.