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Foreclosure Homes in Owatonna, MN 55060

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Owatonna, MN Foreclosures

How much do homes sell for in Owatonna, MN?
The average home price is currently $309,533.
In Owatonna, MN, how many homes are available?
There are currently 46 active home listings available in Owatonna.
What’s the average rental cost in Owatonna, MN?
The average rental price in Owatonna is $1,536.
What is the most expensive home in Owatonna?
The most expensive home sold in Owatonna had a price of $4,027,977.
What is currently the cheapest priced home in Owatonna, MN?
The cheapest home for sale in Owatonna is priced at $16,470.

Living in Owatonna, MN

Owatonna, located in southern Minnesota, is a charming city known for its rich history and vibrant community atmosphere. With its beautiful parks, quality schools, and diverse recreational activities, it offers a family-friendly environment. The downtown area features unique shops and eateries, adding to the small-town charm.

Current Market Conditions in Owatonna, MN

The Owatonna real estate market is currently showing signs of steady growth, with demand for homes increasing as more people are drawn to the area for its quality of life. Homes in the area are being sold quickly, indicating a competitive market for buyers.

Trends indicate that the average home prices have risen slowly but steadily over the last year, driven by a mix of low inventory and high demand. This has resulted in a favorable market for sellers, with homes receiving multiple offers and selling above the asking price in many cases.

Home Value Estimator For Owatonna, MN

There are currently 9,284 real estate properties in Owatonna, MN, with a median automated valuation model (AVM) price of $285,355.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Owatonna, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Owatonna, MN, is $309,533.00, with the most expensive house in Owatonna, MN, topping out at $4,027,977.00 and the cheapest home in Owatonna, MN, clocking in at $16,470.00. In other words, there’s something for every potential homebuyer or savvy investor in Owatonna, MN!

Rent Prices In Owatonna, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Owatonna, MN, is on a rollercoaster ride. The average rent price in Owatonna, MN, is $1,536.00. Indeed, when looking to rent in Owatonna, MN, you can expect to pay as little as $670.00 or as much as $3,290.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Owatonna, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Owatonna, MN 55060 Foreclosures


Market Trend for Owatonna, MN

Total Listings Available: 46

Market Values:

Home Prices from $16,470 to $4,027,977

Average Sales Price: $309,533

Rental Values:

Rental from $670 to $3,290

Average Rent Value: $1,536 / month

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