Owatonna Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Owatonna averaged 7.26% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.15% and one month ago for the week of 2023-08-17, the average rate was 7.16%.

    Owatonna's average rate one year ago was 5.89%.

    For refis of the same type during the week of 2023-09-21, the average rate was 7.39%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Owatonna 30 Year Fixed Rate 2023-09-21 7.26%
    Owatonna 30 Year Fixed Rate Refi 2023-09-21 7.39%
    Owatonna 15 Year Fixed Rate 2023-09-21 6.44%
    Owatonna 15 Year Fixed Rate Refi 2023-09-21 6.44%
    Owatonna 30 Year FHA 2023-09-21 6.7%
    Owatonna 30 Year FHA Refi 2023-09-21 6.84%
    Owatonna 30 Year USDA 2023-09-21 7.12%
    Owatonna 30 Year USDA Refi 2023-09-21 6.82%
    Owatonna 30 Year VA 2023-09-21 6.82%
    Owatonna 30 Year VA Refi 2023-09-21 6.92%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Owatonna, MN.

    Owatonna Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Owatonna, MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 37 5.11% $6,475
    Wells Fargo Bank 27 4.73% $3,528
    TOWNE MORTGAGE COMPANY 20 5.29% $4,926
    Bremer Bank 17 4.49% $6,081
    GUARANTEED RATE, INC. 17 5.32% $5,155
    U.S. Bank 15 5.40% $3,032
    QUICKEN LOANS, LLC 13 4.94% $5,915
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 5.08% $3,934
    BAY EQUITY LLC 9 4.76% $3,679
    Cambria Financial Group, LLC 8 5.42% $5,109
    LOANDEPOT.COM, LLC 7 4.36% $5,191
    UNITED WHOLESALE MORTGAGE, LLC 7 5.55% $6,639
    Prosperity Home Mortgage, LLC 6 5.04% $3,175
    WINGS FINANCIAL 6 5.00% $3,109
    Plains Commerce Bank 6 4.25% $4,854
    COMPEER FINANCIAL, FLCA 5 6.08% $4,336
    Bell Bank 5 5.32% $7,200
    Home Federal Savings Bank 5 5.00% $5,202
    Minnwest Bank 4 5.44% $4,705
    BROKER SOLUTIONS, INC. 4 5.29% $4,582
    Merchants Bank 4 4.65% $4,530
    Manufacturers Bank & Trust Company 4 3.91% $6,143
    AFFINITY PLUS 4 5.72% $4,252
    Mortgage Research Center, LLC 3 4.79% $2,446
    Frandsen Bank & Trust 3 5.55% $4,919
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 3 4.75% $4,341
    AMERISAVE MORTGAGE CORPORATION 3 4.08% $6,839
    ANGEL OAK MORTGAGE SOLUTIONS LLC 3 7.67% $8,342
    Mr. Cooper ( Nationstar Mortgage ) 3 5.88% $8,626
    Bank of England 3 4.67% $6,604
    IOWA BANKERS MORTGAGE CORPORATION 3 5.38% $5,806
    The Huntington National Bank 2 5.00% $5,077
    BETTER MORTGAGE CORPORATION 2 4.19% $3,899
    CARDINAL FINANCIAL 2 4.75% $11,548
    Citizens Bank 2 5.56% $4,163
    HOME POINT FINANCIAL CORPORATION 2 4.63% $5,189
    Hometown Lenders, Inc. 2 4.44% $6,519
    JPMorgan Chase Bank 2 3.99% $5,703
    LAND HOME FINANCIAL SERVICES, INC. 2 4.38% $7,158
    MOVEMENT MORTGAGE, LLC 2 5.88% $4,655
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.88% $4,853
    RESULTS MORTGAGE, LLC 2 4.75% $5,578
    HomeTown Bank 1 3.38% $6,646
    AMERICAN FINANCING CORPORATION 1 4.88% $8,063
    First Alliance Credit Union 1 5.38% $4,068
    ALTRA 1 7.55% $4,977
    LADERA LENDING, INC. 1 4.38% $2,845
    VALLEY MORTGAGE, INC. 1 6.99% $0
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.88% $3,370
    Deere Employees Credit Union 1 4.00% $2,814
    CRESCENT MORTGAGE COMPANY 1 3.99% $4,700
    Citizens Community Federal 1 3.88% $2,528
    MILEND, INC. 1 6.13% $11,939
    BNC National Bank 1 5.63% $3,687
    Barrington Bank & Trust Company, N.A. 1 4.38% $4,166
    Alerus Financial 1 4.75% $5,146
    AXIA FINANCIAL, LLC 1 5.88% $7,575
    M&T Bank 1 4.50% $5,401
    NBKC BANK 1 7.00% $2,792
    North American Savings Bank, F.S.B. 1 4.88% $3,532
    Northpointe Bank 1 4.25% $2,432
    OAKTREE FUNDING CORP. 1 6.38% $8,569
    PHH Mortgage Corporation 1 5.75% $4,050
    Associated Bank 1 4.38% $3,088
    PLAZA HOME MORTGAGE, INC. 1 4.25% $5,201
    PREMIA MORTGAGE, LLC 1 6.50% $2,447
    ALAMEDA MORTGAGE CORPORATION 1 5.88% $8,701
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.88% $8,632
    AmeriHome Mortgage Company, LLC 1 3.38% $4,326
    ZILLOW HOME LOANS, LLC 1 3.50% $5,237
    SIRVA MORTGAGE, INC. 1 3.25% $171
    Summit Mortgage Corporation 1 6.88% $6,612
    The Bank of New Glarus 1 6.50% $2,297
    Academy Bank 1 5.75% $3,392
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.88% $5,335
    Tradition Mortgage, LLC 1 4.87% $3,111
    American Mortgage & Equity Consultants, Inc. 1 3.25% $2,852
    Gate City Bank 1 3.38% $5,230
    FREEDOM MORTGAGE CORPORATION 1 3.25% $4,228
    GUARANTY HOME MORTGAGE CORPORATION 1 6.13% $4,975
    GUILD MORTGAGE COMPANY 1 4.99% $3,197
    HIWAY 1 3.75% $6,408
    Flagstar Bank, FSB 1 4.38% $4,180
    UNION HOME MORTGAGE CORP. 1 4.13% $3,424

    Owatonna Average Closing Costs & Other Stats

    Owatonna, MN's 84 lenders originated 735 loans during 2022. The total origination value was $172,515,000, with an average loan value of $234,714.

    Owatonna's average closing costs are $4,766.

    The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 37 loans originated. Their average total fees are $6,475, which is $2,947 higher than the next largest lender, Wells Fargo Bank.

    The lowest fee Owatonna lenders (with over 10 loans originated) are U.S. Bank ($3,032), Wells Fargo Bank ($3,528), TOWNE MORTGAGE COMPANY ($4,926), GUARANTEED RATE, INC. ($5,155) and QUICKEN LOANS, LLC ($5,915).

    The lowest rate Owatonna lenders (with over 10 loans originated) are Bremer Bank (4.49%), Wells Fargo Bank (4.73%), QUICKEN LOANS, LLC (4.94%), CROSSCOUNTRY MORTGAGE, LLC (5.11%) and TOWNE MORTGAGE COMPANY (5.29%).

    Owatonna, MN Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    National Bank of Commerce $23,010,000 n/a 13.3%
    CROSSCOUNTRY MORTGAGE, LLC $33,910,000 $17,135,000 -49.5% 9.9%
    Wells Fargo Bank $19,645,000 $9,195,000 -53.2% 5.3%
    Bremer Bank $13,185,000 $6,745,000 -48.8% 3.9%
    TOWNE MORTGAGE COMPANY $15,715,000 $6,560,000 -58.3% 3.8%
    GUARANTEED RATE, INC. $7,630,000 $6,190,000 -18.9% 3.6%
    U.S. Bank $19,390,000 $5,875,000 -69.7% 3.4%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $600,000 $4,965,000 727.5% 2.9%
    QUICKEN LOANS, LLC $21,035,000 $4,440,000 -78.9% 2.6%
    UNITED WHOLESALE MORTGAGE, LLC $9,980,000 $4,295,000 -57.0% 2.5%
    Home Federal Savings Bank $1,945,000 $3,650,000 87.7% 2.1%
    Cambria Financial Group, LLC $780,000 $3,530,000 352.6% 2.0%
    LOANDEPOT.COM, LLC $6,700,000 $3,165,000 -52.8% 1.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,890,000 $3,135,000 -35.9% 1.8%
    Plains Commerce Bank $24,005,000 $3,090,000 -87.1% 1.8%
    COMPEER FINANCIAL, FLCA $2,895,000 $2,785,000 -3.8% 1.6%
    Citizens Community Federal $950,000 $2,370,000 149.5% 1.4%
    Mortgage Research Center, LLC $2,670,000 $2,330,000 -12.7% 1.4%
    Prosperity Home Mortgage, LLC $1,990,000 $2,215,000 11.3% 1.3%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,090,000 $2,140,000 2.4% 1.2%
    BAY EQUITY LLC $6,910,000 $2,040,000 -70.5% 1.2%
    Manufacturers Bank & Trust Company $115,000 $1,990,000 1,630.4% 1.2%
    WINGS FINANCIAL $205,000 $1,985,000 868.3% 1.2%
    IOWA BANKERS MORTGAGE CORPORATION $1,215,000 $1,830,000 50.6% 1.1%
    Bell Bank $3,295,000 $1,700,000 -48.4% 1.0%
    BROKER SOLUTIONS, INC. $1,050,000 $1,595,000 51.9% 0.9%
    AFFINITY PLUS $2,390,000 $1,560,000 -34.7% 0.9%
    FREEDOM MORTGAGE CORPORATION $7,300,000 $1,445,000 -80.2% 0.8%
    Merchants Bank $1,840,000 $1,395,000 -24.2% 0.8%
    Mr. Cooper ( Nationstar Mortgage ) $3,405,000 $1,380,000 -59.5% 0.8%
    PENNYMAC LOAN SERVICES, LLC $4,100,000 $1,210,000 -70.5% 0.7%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $1,085,000 n/a 0.6%
    AMERISAVE MORTGAGE CORPORATION $1,970,000 $1,065,000 -45.9% 0.6%
    Frandsen Bank & Trust $740,000 $1,000,000 35.1% 0.6%
    The State Bank of Faribault $2,435,000 $985,000 -59.5% 0.6%
    Minnwest Bank $970,000 n/a 0.6%
    Bank of England $215,000 $965,000 348.8% 0.6%
    The Huntington National Bank $75,000 $910,000 1,113.3% 0.5%
    BETTER MORTGAGE CORPORATION $1,130,000 $785,000 -30.5% 0.5%
    NAVY FEDERAL CREDIT UNION $340,000 $780,000 129.4% 0.5%
    American Mortgage & Equity Consultants, Inc. $95,000 $765,000 705.3% 0.4%
    JPMorgan Chase Bank $530,000 $765,000 44.3% 0.4%
    Hometown Lenders, Inc. $295,000 $725,000 145.8% 0.4%
    MOVEMENT MORTGAGE, LLC $715,000 n/a 0.4%
    First Bank & Trust $1,575,000 $705,000 -55.2% 0.4%
    Summit Mortgage Corporation $1,120,000 $670,000 -40.2% 0.4%
    PLAZA HOME MORTGAGE, INC. $1,070,000 $660,000 -38.3% 0.4%
    Alerus Financial $320,000 $650,000 103.1% 0.4%
    SIRVA MORTGAGE, INC. $650,000 n/a 0.4%
    MILEND, INC. $205,000 $615,000 200.0% 0.4%
    HOME POINT FINANCIAL CORPORATION $1,350,000 $585,000 -56.7% 0.3%
    RESULTS MORTGAGE, LLC $730,000 $555,000 -24.0% 0.3%
    HomeTown Bank $2,925,000 $550,000 -81.2% 0.3%
    LAND HOME FINANCIAL SERVICES, INC. $595,000 $540,000 -9.2% 0.3%
    Barrington Bank & Trust Company, N.A. $3,645,000 $535,000 -85.3% 0.3%
    First Federal Bank $455,000 $530,000 16.5% 0.3%
    Flagstar Bank, FSB $1,610,000 $510,000 -68.3% 0.3%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,615,000 $490,000 -69.7% 0.3%
    AXIA FINANCIAL, LLC $560,000 $470,000 -16.1% 0.3%
    PREMIA MORTGAGE, LLC $255,000 $470,000 84.3% 0.3%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $365,000 $440,000 20.5% 0.3%
    NEWREZ LLC $2,625,000 $440,000 -83.2% 0.3%
    HANCOCK MORTGAGE PARTNERS, LLC $415,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $410,000 n/a 0.2%
    Servion, Inc. $1,590,000 $400,000 -74.8% 0.2%
    VALLEY MORTGAGE, INC. $375,000 n/a 0.2%
    ALTRA $710,000 $365,000 -48.6% 0.2%
    North American Savings Bank, F.S.B. $520,000 $365,000 -29.8% 0.2%
    LADERA LENDING, INC. $345,000 n/a 0.2%
    ALAMEDA MORTGAGE CORPORATION $325,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $155,000 $325,000 109.7% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $1,235,000 $320,000 -74.1% 0.2%
    HIWAY $145,000 $300,000 106.9% 0.2%
    Think Mutual Bank $1,115,000 $300,000 -73.1% 0.2%
    Associated Bank $455,000 $295,000 -35.2% 0.2%
    Citizens Bank $290,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $170,000 $285,000 67.6% 0.2%
    Old National Bank $275,000 n/a 0.2%
    UIF CORPORATION $275,000 n/a 0.2%
    BNC National Bank $265,000 n/a 0.2%
    Academy Bank $255,000 n/a 0.1%
    Gate City Bank $245,000 $255,000 4.1% 0.1%
    USAA Federal Savings Bank $1,500,000 $255,000 -83.0% 0.1%
    Bank of America $390,000 $245,000 -37.2% 0.1%
    Dundee Bank $245,000 n/a 0.1%
    Mid-Continent Funding, Inc. $245,000 n/a 0.1%
    M&T Bank $145,000 $240,000 65.5% 0.1%
    Lend Smart Mortgage, LLC $370,000 $235,000 -36.5% 0.1%
    LENOX FINANCIAL MORTGAGE CORPORATION $235,000 n/a 0.1%
    Sentry Bank $235,000 n/a 0.1%
    The Bank of New Glarus $235,000 n/a 0.1%
    Tradition Mortgage, LLC $1,080,000 $235,000 -78.2% 0.1%
    NBKC BANK $215,000 $225,000 4.7% 0.1%
    PLANET HOME LENDING, LLC $225,000 n/a 0.1%
    Mortgages Unlimited Inc. $1,330,000 $220,000 -83.5% 0.1%
    UNION HOME MORTGAGE CORP. $215,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $115,000 $205,000 78.3% 0.1%
    GSF Mortgage Corporation $205,000 n/a 0.1%
    HOMESIDE FINANCIAL, LLC $185,000 $205,000 10.8% 0.1%
    Community Resource Bank $435,000 $200,000 -54.0% 0.1%
    AmeriHome Mortgage Company, LLC $175,000 $185,000 5.7% 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $195,000 $185,000 -5.1% 0.1%
    CRESCENT MORTGAGE COMPANY $185,000 n/a 0.1%
    Goldwater Bank, N.A. $145,000 $185,000 27.6% 0.1%
    OAKTREE FUNDING CORP. $185,000 n/a 0.1%
    Truist $185,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $505,000 $175,000 -65.3% 0.1%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $385,000 $175,000 -54.5% 0.1%
    CMG MORTGAGE, INC. $275,000 $165,000 -40.0% 0.1%
    Deere Employees Credit Union $165,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $360,000 $165,000 -54.2% 0.1%
    21ST MORTGAGE CORPORATION $70,000 $155,000 121.4% 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $155,000 n/a 0.1%
    Discover Bank $370,000 $150,000 -59.5% 0.1%
    Figure Lending LLC $75,000 $150,000 100.0% 0.1%
    CHURCHILL MORTGAGE CORPORATION $155,000 $145,000 -6.5% 0.1%
    First International Bank & Trust $145,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $285,000 $145,000 -49.1% 0.1%
    First Alliance Credit Union $125,000 n/a 0.1%
    MARINE $125,000 n/a 0.1%
    Minnesota Valley Federal Credit Union $205,000 $125,000 -39.0% 0.1%
    GUILD MORTGAGE COMPANY $135,000 $105,000 -22.2% 0.1%
    Northpointe Bank $105,000 n/a 0.1%
    Coulee Bank $95,000 n/a 0.1%
    Bridgewater Bank $65,000 $75,000 15.4% 0.0%
    PHH Mortgage Corporation $65,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.0%
    SPIRE Credit Union $25,000 n/a 0.0%

    Owatonna's top lender by overall market share is National Bank of Commerce, with 13.3% market share. In second place, with 9.9%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $17,135,000 in loans. In third place, with 5.3%, is Wells Fargo Bank, having originated $9,195,000 in loans. In fourth place, with 3.9%, is Bremer Bank, having originated $6,745,000 in loans. In fifth place, with 3.8%, is TOWNE MORTGAGE COMPANY, having originated $6,560,000 in loans.

    Owatonna Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Owatonna (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $199,700 (35.5%) $236,700 (29.4%) 0.00 68
    2018-02-01 $184,800 (15.6%) $222,855 (14.1%) 0.00 69
    2018-03-01 $202,250 (33.5%) $232,882 (18.4%) 0.00 71
    2018-04-01 $221,600 (27.0%) $252,251 (17.1%) 0.00 71
    2018-05-01 $212,700 (0.2%) $244,073 (4.0%) 0.00 78
    2018-06-01 $215,000 (2.4%) $241,586 (3.7%) 0.00 82
    2018-07-01 $206,150 (-3.0%) $239,150 (3.7%) 0.00 81
    2018-08-01 $212,725 (-0.4%) $244,981 (4.5%) 0.00 88
    2018-09-01 $205,000 (-5.5%) $239,393 (-0.1%) 0.00 99
    2018-10-01 $202,450 (-6.7%) $233,247 (-3.2%) 0.00 102
    2018-11-01 $196,400 (-2.8%) $216,047 (-7.9%) 0.00 105
    2018-12-01 $197,700 (-8.0%) $216,248 (-8.6%) 0.00 97
    2019-01-01 $198,950 (-0.4%) $217,321 (-8.2%) 0.00 83
    2019-02-01 $207,450 (12.3%) $224,182 (0.6%) 0.00 74
    2019-03-01 $209,043 (3.4%) $231,197 (-0.7%) 0.00 73
    2019-04-01 $208,818 (-5.8%) $231,741 (-8.1%) 0.00 86
    2019-05-01 $221,150 (4.0%) $240,377 (-1.5%) 0.00 100
    2019-06-01 $228,900 (6.5%) $244,643 (1.3%) 0.00 98
    2019-07-01 $241,750 (17.3%) $253,429 (6.0%) 0.00 104
    2019-08-01 $227,587 (7.0%) $247,732 (1.1%) 0.00 107
    2019-09-01 $224,117 (9.3%) $243,371 (1.7%) 0.00 112
    2019-10-01 $223,570 (10.4%) $240,866 (3.3%) 0.00 110
    2019-11-01 $231,400 (17.8%) $251,393 (16.4%) 0.00 100
    2019-12-01 $228,900 (15.8%) $246,605 (14.0%) 0.00 87
    2020-01-01 $223,425 (12.3%) $243,065 (11.9%) 0.00 74
    2020-02-01 $218,900 (5.5%) $241,745 (7.8%) 0.00 64
    2020-03-01 $215,550 (3.1%) $242,147 (4.7%) 0.00 64
    2020-04-01 $219,450 (5.1%) $251,511 (8.5%) 0.00 55
    2020-05-01 $249,000 (12.6%) $253,389 (5.4%) 0.00 71
    2020-06-01 $253,900 (10.9%) $264,222 (8.0%) 0.00 71
    2020-07-01 $257,150 (6.4%) $268,655 (6.0%) 0.00 54
    2020-08-01 $249,900 (9.8%) $266,310 (7.5%) 0.00 62
    2020-09-01 $243,650 (8.7%) $265,673 (9.2%) 0.00 61
    2020-10-01 $229,900 (2.8%) $264,204 (9.7%) 0.00 46
    2020-11-01 $206,575 (-10.7%) $259,009 (3.0%) 0.00 45
    2020-12-01 $202,400 (-11.6%) $243,729 (-1.2%) 0.00 31
    2021-01-01 $199,700 (-10.6%) $234,870 (-3.4%) 0.00 26
    2021-02-01 $199,250 (-9.0%) $228,660 (-5.4%) 0.00 25
    2021-03-01 $233,725 (8.4%) $252,995 (4.5%) 0.00 27
    2021-04-01 $264,900 (20.7%) $269,072 (7.0%) 0.00 30
    2021-05-01 $224,900 (-9.7%) $253,344 (0.0%) 0.00 24
    2021-06-01 $253,300 (-0.2%) $279,867 (5.9%) 0.00 25
    2021-07-01 $239,900 (-6.7%) $264,231 (-1.7%) 0.00 39
    2021-08-01 $256,250 (2.5%) $258,912 (-2.8%) 0.00 36
    2021-09-01 $240,000 (-1.5%) $252,614 (-4.9%) 0.00 54
    2021-10-01 $229,900 (0.0%) $240,763 (-8.9%) 0.00 49
    2021-11-01 $237,225 (14.8%) $249,274 (-3.8%) 0.00 48
    2021-12-01 $234,900 (16.1%) $260,366 (6.8%) 0.00 39
    2022-01-01 $242,400 (21.4%) $265,324 (13.0%) 0.00 34
    2022-02-01 $250,925 (25.9%) $248,916 (8.9%) 0.00 22
    2022-03-01 $229,950 (-1.6%) $257,280 (1.7%) 0.00 20
    2022-04-01 $274,950 (3.8%) $269,519 (0.2%) 0.00 22
    2022-05-01 $280,900 (24.9%) $303,750 (19.9%) 0.00 32
    2022-06-01 $268,950 (6.2%) $280,346 (0.2%) 0.00 40
    2022-07-01 $279,000 (16.3%) $296,218 (12.1%) 0.00 42
    2022-08-01 $279,750 (9.2%) $305,129 (17.9%) 0.00 50
    2022-09-01 $276,250 (15.1%) $301,202 (19.2%) 0.00 43
    2022-10-01 $289,900 (26.1%) $312,143 (29.7%) 0.00 46
    2022-11-01 $284,900 (20.1%) $305,718 (22.6%) 0.00 50
    2022-12-01 $286,950 (22.2%) $317,225 (21.8%) 0.00 39
    2023-01-01 $289,675 (19.5%) $329,345 (24.1%) 0.00 34
    2023-02-01 $286,950 (14.4%) $347,817 (39.7%) 0.00 30
    2023-03-01 $288,425 (25.4%) $335,898 (30.6%) 0.00 22
    2023-04-01 $339,000 (23.3%) $396,304 (47.0%) 0.00 21
    2023-05-01 $334,925 (19.2%) $381,585 (25.6%) 0.00 23
    2023-06-01 $302,950 (12.6%) $356,509 (27.2%) 0.00 25
    2023-07-01 $299,900 (7.5%) $352,800 (19.1%) 0.00 37
    2023-08-01 $283,000 (1.2%) $330,539 (8.3%) 0.00 44
    Owatonna's median listing price for 2023-08-01 was $283,000, a difference of $3,250 (1.2%) versus the prior year and $-16,900 versus the prior month.

    Owatonna's median listing price comes in at 0% of the national average.

    Owatonna's average listing price for 2023-08-01 was $330,539, a difference of $25,410 (8.3%) versus the prior year and $-22,261 versus the prior month.

    For the 2023-08-01 period, Owatonna had 44 MLS listings, a difference of 7 listings (19%) versus the prior month and -6 listings (-12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Owatonna (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,560 sqft
    2018-02-01 0 days 2,468 sqft
    2018-03-01 0 days 2,404 sqft
    2018-04-01 0 days 2,499 sqft
    2018-05-01 0 days 2,356 sqft
    2018-06-01 0 days 2,498 sqft
    2018-07-01 0 days 2,374 sqft
    2018-08-01 0 days 2,437 sqft
    2018-09-01 0 days 2,424 sqft
    2018-10-01 0 days 2,355 sqft
    2018-11-01 0 days 2,295 sqft
    2018-12-01 0 days 2,253 sqft
    2019-01-01 0 days 1,855 sqft
    2019-02-01 0 days 1,906 sqft
    2019-03-01 0 days 1,873 sqft
    2019-04-01 0 days 1,863 sqft
    2019-05-01 0 days 1,956 sqft
    2019-06-01 0 days 2,011 sqft
    2019-07-01 0 days 2,001 sqft
    2019-08-01 0 days 1,979 sqft
    2019-09-01 0 days 1,946 sqft
    2019-10-01 0 days 1,938 sqft
    2019-11-01 0 days 2,036 sqft
    2019-12-01 0 days 2,013 sqft
    2020-01-01 0 days 1,986 sqft
    2020-02-01 0 days 1,760 sqft
    2020-03-01 0 days 1,777 sqft
    2020-04-01 0 days 1,997 sqft
    2020-05-01 0 days 1,918 sqft
    2020-06-01 0 days 2,093 sqft
    2020-07-01 0 days 2,143 sqft
    2020-08-01 0 days 2,175 sqft
    2020-09-01 0 days 2,130 sqft
    2020-10-01 0 days 1,890 sqft
    2020-11-01 0 days 1,801 sqft
    2020-12-01 0 days 1,750 sqft
    2021-01-01 0 days 1,645 sqft
    2021-02-01 0 days 1,790 sqft
    2021-03-01 0 days 1,800 sqft
    2021-04-01 0 days 1,858 sqft
    2021-05-01 0 days 1,842 sqft
    2021-06-01 0 days 1,823 sqft
    2021-07-01 0 days 1,813 sqft
    2021-08-01 0 days 1,844 sqft
    2021-09-01 0 days 1,933 sqft
    2021-10-01 0 days 1,813 sqft
    2021-11-01 0 days 1,820 sqft
    2021-12-01 0 days 1,758 sqft
    2022-01-01 0 days 1,755 sqft
    2022-02-01 0 days 2,023 sqft
    2022-03-01 0 days 2,155 sqft
    2022-04-01 0 days 2,440 sqft
    2022-05-01 0 days 1,950 sqft
    2022-06-01 0 days 1,839 sqft
    2022-07-01 0 days 2,009 sqft
    2022-08-01 0 days 2,014 sqft
    2022-09-01 0 days 1,926 sqft
    2022-10-01 0 days 1,932 sqft
    2022-11-01 0 days 1,886 sqft
    2022-12-01 0 days 1,868 sqft
    2023-01-01 0 days 1,893 sqft
    2023-02-01 0 days 1,847 sqft
    2023-03-01 0 days 1,825 sqft
    2023-04-01 0 days 2,025 sqft
    2023-05-01 0 days 2,059 sqft
    2023-06-01 0 days 1,993 sqft
    2023-07-01 0 days 1,915 sqft
    2023-08-01 0 days 1,961 sqft
    Owatonna's median listing age (time on market) for 2023-08-01 was 0 days.

    Owatonna's median square footage for active listings during the 2023-08-01 period was 1,961 sqft. One year prior, the average listing was 2,014 sqft.

    Owatonna, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 456 $127,160,000 $278,860
    Cash Out Refi 135 $25,015,000 $185,296
    Refi 78 $15,540,000 $199,231
    Home Improvement 33 $1,995,000 $60,455
    Other 33 $2,805,000 $85,000

    Owatonna's most frequently cited loan purpose was Home Purchase, with 456 originations. The 2nd most popular reason was Cash Out Refi, with 135 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 202 $44,660,000 $221,089
    4-5% 177 $39,295,000 $222,006
    3-4% 159 $57,475,000 $361,478
    6-7% 87 $14,445,000 $166,034
    2.5-3% 41 $6,935,000 $169,146
    7-8% 22 $3,440,000 $156,364
    <2.5% 19 $3,075,000 $161,842
    Over 8% 14 $1,520,000 $108,571

    During 2022, Owatonna's most frequently originated rate bucket was 5-6%, with 202 originations.

    Loan Sizing (Owatonna, MN MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 298 $46,550,000 $156,208
    $200k-400k 289 $77,965,000 $269,775
    $100,000 or less 120 $6,180,000 $51,500
    $400k-600k 19 $8,945,000 $470,789
    $600k-1000k 5 $3,865,000 $773,000
    $Over $1MM 4 $29,010,000 $7,252,500

    Owatonna's loan sizing saw the bucket of loans from $100k-200k with 298 originations, totaling $46,550,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 330 $77,580,000 $235,091
    60-80% 189 $63,435,000 $335,635
    40-60% 80 $15,160,000 $189,500
    Under 20% 58 $2,100,000 $36,207
    20-40% 52 $4,460,000 $85,769
    Over 100% 16 $8,160,000 $510,000

    Owatonna's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 330 originations, totaling $77,580,000 in origination value.