Owatonna, MN metro area Housing Market Brief
metro · MN · as of August 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.
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?
Our model forecasts Owatonna, MN metro area’s home prices to rise about 6.5% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Owatonna, MN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $274K | ▲ +1.3% |
| Median Days on Market | 39 days | ▼ -2.5% |
| Months of Supply | 2.6 | ▼ -3.7% |
| Homes for Sale | 117 | ▲ +31.5% |
| Homes Sold | 47 | ▲ +38.2% |
| Median Price / Sq Ft | $164 | ▲ +6.2% |
How has Owatonna, MN metro area’s Alpha Score moved?
Markets like Owatonna, MN metro area
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- Plattsburgh, NY metro area, NYmetro56
- Adrian, MI metro area, MImetro58
- Owensboro, KY metro area, KYmetro53
- Albert Lea, MN metro area, MNmetro52
- Sturgis, MI metro area, MImetro45
- Kankakee, IL metro area, ILmetro60
- Paducah, KY metro area, KYmetro58
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Frequently asked questions
Is Owatonna, MN metro area a buyer's or seller's market?
As of August 2026, Owatonna, MN metro area is classified as a Balanced Market, based on its Alpha Score of 50 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Owatonna, MN metro area?
The median sale price in Owatonna, MN metro area is $274K, having risen 1.3% over the past year.
How affordable is Owatonna, MN metro area?
Owatonna, MN metro area scores 86 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 (86/100) and its weakest is Economic Strength (11/100). The Alpha Score is a weighted blend of all five dimensions.
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.