Homes Under $500K in Owatonna, MN

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12 of 200 Listings

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Steve Merrit

Realty.com

Lic. #40699127

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New32Active
$368,500
3 bd · 3 ba · 2,238 sqft
828 Lancer Drive NE, Owatonna, MN
Rebecca M. Hermanson-Hill · Berkshire Hathaway HomeServices Advantage Real Estate
33Active
$182,000
3 bd · 2 ba · 1,283 sqft
222 Phelps Street, Owatonna, MN
Nancy Sletten · Berkshire Hathaway HomeServices Advantage Real Estate
27Active
$189,500
3 bd · 1 ba · 1,097 sqft
423 Walnut Avenue S, Owatonna, MN
Daryl Bauer · Re/Max Advantage Plus

Listing data & MLS disclosures

FargoMoorhead Area Association of REALTORS: The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than Realty.com are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
NorthstarMLS: Based on information submitted to the MLS GRID as of 2026-10-22 16:40:08 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

About Homes Under $500K in Owatonna, MN

Homes Under $500K in Owatonna, MN: 200 active listings as of October 27, 2026, 00:20 UTC.

Property types among these 200 listings, by the property type each listing’s MLS reports, spelled as the MLS spells it. Types with fewer than 5 listings, and listings whose MLS reports no type, are not shown, so the shares can total less than 100%.
Property type	Listings	Share
Single Family Residence	194	97.0%
Townhouse	5	2.5%

Owatonna housing market

September 2026

Selling at 99.3% of asking price

Buyers here are paying below asking. MLS · 26 sales · as of Sep 29, 2026

Homes that sold · County records, as of Sep 30, 2026

Median sale price: $311,750$260,000–$393,700 typical range
Price per sq. ft.: $156
Sales: 45
Paid in cash: 37.8%

Homes on the market · MLS, as of Sep 27, 2026–Sep 29, 2026

Median list price: $339,900
Homes for sale: 110
Median days on market: 29 days

Price trend · Assessor repeat sales, as of Sep 30, 2026

Year-over-year: 16.9%

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

Median home size: 1,764 sq. ft.

Owatonna, MN community profile

Population: 26,483
Median income: $77,265
Housing units: 11,193
People per sq. mi.: 127.8
Area: 207.2 sq. mi.

Source: HJN community data

Homes Under $500K in Owatonna, MN

Homes Under $500K in Owatonna, MN

Your local brokerage

Listing data & MLS disclosures

About Homes Under $500K in Owatonna, MN

Owatonna housing market

Homes that sold · County records, as of Sep 30, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 29, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

Owatonna, MN community profile

Explore Owatonna homes

Listing data & MLS disclosures

Owatonna, MN community profile

Owatonna housing market

Homes that sold · County records, as of Sep 30, 2026

Homes on the market · MLS, as of Sep 27, 2026–Sep 29, 2026

Price trend · Assessor repeat sales, as of Sep 30, 2026

Housing stock — every home in the area, not only the ones selling or listed · Assessor records, as of Sep 2, 2026

Your local brokerage

Your local brokerage