Owatonna Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Owatonna averaged
6.72%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
6.95% and
one month ago for the week of 2023-02-09, the
average rate was 6.14%.
Owatonna's average rate one year ago was 4.17%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.85%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
| Owatonna 30 Year Fixed Rate | 2023-03-16 | 6.72% |
| Owatonna 30 Year Fixed Rate Refi | 2023-03-16 | 6.85% |
| Owatonna 15 Year Fixed Rate | 2023-03-16 | 6.44% |
| Owatonna 15 Year Fixed Rate Refi | 2023-03-16 | 6.04% |
| Owatonna 30 Year FHA | 2023-03-16 | 6.27% |
| Owatonna 30 Year FHA Refi | 2023-03-16 | 6.31% |
| Owatonna 30 Year USDA | 2023-03-16 | 6.52% |
| Owatonna 30 Year USDA Refi | 2023-03-16 | 6.34% |
| Owatonna 30 Year VA | 2023-03-16 | 6.48% |
| Owatonna 30 Year VA Refi | 2023-03-16 | 6.16% |
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.).
Owatonna Average Closing Costs & Other Stats
Owatonna, MN's 102 lenders originated 1,598
loans during 2021. The total origination value was $302,520,000, with an average loan value of
$189,312.
Owatonna's average closing costs are $4,525.
The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with
71 loans originated. Their average total fees are
$4,556, which is $432
lower than the next largest lender,
Plains Commerce Bank.
The lowest fee Owatonna lenders (with over 10 loans originated) are
Wells Fargo Bank ($2,524), U.S. Bank ($2,749), Barrington Bank & Trust Company, N.A. ($3,350), UNITED WHOLESALE MORTGAGE, LLC ($3,413) and BAY EQUITY LLC ($3,576).
The lowest rate Owatonna lenders (with over 10 loans originated) are
Roundbank (2.76%), TOWNE MORTGAGE COMPANY (2.97%), Bremer Bank (2.99%), GUARANTEED RATE, INC. (3.00%) and UNITED WHOLESALE MORTGAGE, LLC (3.02%).
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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
|---|---|---|---|---|
| CROSSCOUNTRY MORTGAGE, LLC | $685,000 | $33,910,000 | 4,850.4% | 11.2% |
| Plains Commerce Bank | $27,310,000 | $24,005,000 | -12.1% | 7.9% |
| QUICKEN LOANS, LLC | $17,690,000 | $21,035,000 | 18.9% | 7.0% |
| Wells Fargo Bank | $15,275,000 | $19,645,000 | 28.6% | 6.5% |
| U.S. Bank | $20,890,000 | $19,390,000 | -7.2% | 6.4% |
| TOWNE MORTGAGE COMPANY | $9,940,000 | $15,715,000 | 58.1% | 5.2% |
| Bremer Bank | $18,660,000 | $13,185,000 | -29.3% | 4.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,505,000 | $9,980,000 | 81.3% | 3.3% |
| GUARANTEED RATE, INC. | $5,205,000 | $7,630,000 | 46.6% | 2.5% |
| FREEDOM MORTGAGE CORPORATION | $7,415,000 | $7,300,000 | -1.6% | 2.4% |
| BAY EQUITY LLC | $11,080,000 | $6,910,000 | -37.6% | 2.3% |
| LOANDEPOT.COM, LLC | $3,690,000 | $6,700,000 | 81.6% | 2.2% |
| Royal Credit Union | $470,000 | $5,655,000 | 1,103.2% | 1.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,165,000 | $4,890,000 | 125.9% | 1.6% |
| Roundbank | $7,210,000 | $4,285,000 | -40.6% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,600,000 | $4,100,000 | 156.3% | 1.4% |
| Community Bank Mankato | $1,700,000 | $4,085,000 | 140.3% | 1.4% |
| Barrington Bank & Trust Company, N.A. | $4,410,000 | $3,645,000 | -17.3% | 1.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,790,000 | $3,405,000 | 22.0% | 1.1% |
| Bell Bank | $3,100,000 | $3,295,000 | 6.3% | 1.1% |
| HomeTown Bank | $4,475,000 | $2,925,000 | -34.6% | 1.0% |
| COMPEER FINANCIAL, FLCA | $7,000,000 | $2,895,000 | -58.6% | 1.0% |
| Mortgage Research Center, LLC | $1,650,000 | $2,670,000 | 61.8% | 0.9% |
| NEWREZ LLC | $560,000 | $2,625,000 | 368.8% | 0.9% |
| The State Bank of Faribault | $2,220,000 | $2,435,000 | 9.7% | 0.8% |
| AFFINITY PLUS | $1,695,000 | $2,390,000 | 41.0% | 0.8% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,395,000 | $2,090,000 | -12.7% | 0.7% |
| Prosperity Home Mortgage, LLC | $2,145,000 | $1,990,000 | -7.2% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $1,115,000 | $1,970,000 | 76.7% | 0.7% |
| Home Federal Savings Bank | $5,135,000 | $1,945,000 | -62.1% | 0.6% |
| Merchants Bank | $1,320,000 | $1,840,000 | 39.4% | 0.6% |
| CALIBER HOME LOANS, INC. | $1,280,000 | $1,665,000 | 30.1% | 0.6% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $195,000 | $1,615,000 | 728.2% | 0.5% |
| Flagstar Bank, FSB | $1,675,000 | $1,610,000 | -3.9% | 0.5% |
| Servion, Inc. | $1,570,000 | $1,590,000 | 1.3% | 0.5% |
| First Bank & Trust | $535,000 | $1,575,000 | 194.4% | 0.5% |
| USAA Federal Savings Bank | $1,045,000 | $1,500,000 | 43.5% | 0.5% |
| HOME POINT FINANCIAL CORPORATION | $1,840,000 | $1,350,000 | -26.6% | 0.4% |
| Mortgages Unlimited Inc. | $695,000 | $1,330,000 | 91.4% | 0.4% |
| LAKEVIEW LOAN SERVICING, LLC | $1,235,000 | n/a | 0.4% | |
| IOWA BANKERS MORTGAGE CORPORATION | $4,605,000 | $1,215,000 | -73.6% | 0.4% |
| BETTER MORTGAGE CORPORATION | $1,130,000 | n/a | 0.4% | |
| Summit Mortgage Corporation | $290,000 | $1,120,000 | 286.2% | 0.4% |
| Think Mutual Bank | $2,185,000 | $1,115,000 | -49.0% | 0.4% |
| Tradition Mortgage, LLC | $1,110,000 | $1,080,000 | -2.7% | 0.4% |
| PLAZA HOME MORTGAGE, INC. | $135,000 | $1,070,000 | 692.6% | 0.4% |
| BROKER SOLUTIONS, INC. | $900,000 | $1,050,000 | 16.7% | 0.3% |
| Citizens Community Federal | $1,985,000 | $950,000 | -52.1% | 0.3% |
| Carrington Mortgage Services, LLC | $580,000 | $935,000 | 61.2% | 0.3% |
| Lake Area Bank | $360,000 | $885,000 | 145.8% | 0.3% |
| VILLAGE CAPITAL & INVESTMENT LLC | $360,000 | $790,000 | 119.4% | 0.3% |
| Cambria Financial Group, LLC | $685,000 | $780,000 | 13.9% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $1,885,000 | $780,000 | -58.6% | 0.3% |
| InterContinental Capital Group, Inc | $665,000 | $750,000 | 12.8% | 0.2% |
| Frandsen Bank & Trust | $330,000 | $740,000 | 124.2% | 0.2% |
| RESULTS MORTGAGE, LLC | $905,000 | $730,000 | -19.3% | 0.2% |
| ALTRA | $330,000 | $710,000 | 115.2% | 0.2% |
| SOUTHPOINT FINANCIAL | $710,000 | n/a | 0.2% | |
| The Federal Savings Bank | $1,030,000 | $710,000 | -31.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $440,000 | $690,000 | 56.8% | 0.2% |
| Cornerstone State Bank | $215,000 | $665,000 | 209.3% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $325,000 | $665,000 | 104.6% | 0.2% |
| Peoples State Bank of Plainview | $630,000 | n/a | 0.2% | |
| TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $600,000 | n/a | 0.2% | |
| LAND HOME FINANCIAL SERVICES, INC. | $910,000 | $595,000 | -34.6% | 0.2% |
| AXIA FINANCIAL, LLC | $290,000 | $560,000 | 93.1% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $550,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $545,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $1,060,000 | $530,000 | -50.0% | 0.2% |
| Citizens Bank Minnesota | $205,000 | $525,000 | 156.1% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $645,000 | $520,000 | -19.4% | 0.2% |
| North American Savings Bank, F.S.B. | $560,000 | $520,000 | -7.1% | 0.2% |
| MEGASTAR FINANCIAL CORP. | $215,000 | $510,000 | 137.2% | 0.2% |
| AMERICAN FINANCING CORPORATION | $505,000 | n/a | 0.2% | |
| Woodlands National Bank | $480,000 | n/a | 0.2% | |
| First Guaranty Mortgage Corporation | $115,000 | $470,000 | 308.7% | 0.2% |
| Associated Bank | $465,000 | $455,000 | -2.2% | 0.2% |
| First Federal Bank | $1,070,000 | $455,000 | -57.5% | 0.2% |
| Community Resource Bank | $540,000 | $435,000 | -19.4% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $330,000 | $400,000 | 21.2% | 0.1% |
| Bank of America | $345,000 | $390,000 | 13.0% | 0.1% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $385,000 | n/a | 0.1% | |
| MANN FINANCIAL INC. | $380,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $380,000 | n/a | 0.1% | |
| Discover Bank | $35,000 | $370,000 | 957.1% | 0.1% |
| Lend Smart Mortgage, LLC | $320,000 | $370,000 | 15.6% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $320,000 | $365,000 | 14.1% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $360,000 | n/a | 0.1% | |
| NAVY FEDERAL CREDIT UNION | $1,230,000 | $340,000 | -72.4% | 0.1% |
| Alerus Financial | $320,000 | n/a | 0.1% | |
| CORTRUST MORTGAGE, INC. | $175,000 | $320,000 | 82.9% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $185,000 | $315,000 | 70.3% | 0.1% |
| EVERETT FINANCIAL, INC. | $28,785,000 | $300,000 | -99.0% | 0.1% |
| Hometown Lenders, Inc. | $295,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $115,000 | $285,000 | 147.8% | 0.1% |
| CMG MORTGAGE, INC. | $195,000 | $275,000 | 41.0% | 0.1% |
| Bank Midwest | $145,000 | $265,000 | 82.8% | 0.1% |
| PREMIA MORTGAGE, LLC | $255,000 | n/a | 0.1% | |
| CITIZENS EQUITY FIRST | $245,000 | n/a | 0.1% | |
| Gate City Bank | $245,000 | n/a | 0.1% | |
| WNB Financial, N.A. | $245,000 | n/a | 0.1% | |
| Arvest Bank | $235,000 | n/a | 0.1% | |
| KELLER MORTGAGE, LLC | $235,000 | n/a | 0.1% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $235,000 | n/a | 0.1% | |
| Chicago Mortgage Solutions LLC | $225,000 | n/a | 0.1% | |
| Ixonia Bank | $225,000 | n/a | 0.1% | |
| Bank of England | $195,000 | $215,000 | 10.3% | 0.1% |
| Midwest Heritage Bank FSB | $500,000 | $215,000 | -57.0% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $215,000 | n/a | 0.1% | |
| NBKC BANK | $870,000 | $215,000 | -75.3% | 0.1% |
| Stifel Bank and Trust | $215,000 | n/a | 0.1% | |
| MICHIGAN MUTUAL, INC. | $205,000 | n/a | 0.1% | |
| MILEND, INC. | $205,000 | n/a | 0.1% | |
| Minnesota Valley Federal Credit Union | $205,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $205,000 | n/a | 0.1% | |
| WINGS FINANCIAL | $95,000 | $205,000 | 115.8% | 0.1% |
| Alliance Bank | $115,000 | $195,000 | 69.6% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $195,000 | n/a | 0.1% | |
| First National Bank of America | $185,000 | n/a | 0.1% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $175,000 | $185,000 | 5.7% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $460,000 | $185,000 | -59.8% | 0.1% |
| MY Credit Union | $185,000 | n/a | 0.1% | |
| PNC Bank | $185,000 | n/a | 0.1% | |
| AmeriHome Mortgage Company, LLC | $175,000 | $175,000 | 0.0% | 0.1% |
| Magnolia Bank | $370,000 | $175,000 | -52.7% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $725,000 | $170,000 | -76.6% | 0.1% |
| CENTRAL MINNESOTA Credit Union | $165,000 | n/a | 0.1% | |
| CONTOUR MORTGAGE CORPORATION | $165,000 | n/a | 0.1% | |
| Foresight Bank | $165,000 | n/a | 0.1% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $165,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $165,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $165,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $165,000 | $155,000 | -6.1% | 0.1% |
| Low VA Rates, LLC | $155,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $155,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| First Savings Bank | $145,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $350,000 | $145,000 | -58.6% | 0.0% |
| HIWAY | $25,000 | $145,000 | 480.0% | 0.0% |
| Manufacturers and Traders Trust Company | $145,000 | n/a | 0.0% | |
| GUILD MORTGAGE COMPANY | $135,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $135,000 | n/a | 0.0% | |
| Northwest Bank | $135,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $135,000 | n/a | 0.0% | |
| Heritage Bank | $165,000 | $125,000 | -24.2% | 0.0% |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $115,000 | n/a | 0.0% | |
| Axos Bank | $115,000 | n/a | 0.0% | |
| Manufacturers Bank & Trust Company | $115,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $105,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $135,000 | $105,000 | -22.2% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $10,925,000 | $95,000 | -99.1% | 0.0% |
| Liberty Bank Minnesota | $290,000 | $85,000 | -70.7% | 0.0% |
| Colonial Savings, F.A. | $115,000 | $75,000 | -34.8% | 0.0% |
| Figure Lending LLC | $70,000 | $75,000 | 7.1% | 0.0% |
| The Huntington National Bank | $75,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $35,000 | $70,000 | 100.0% | 0.0% |
| Bridgewater Bank | $65,000 | n/a | 0.0% | |
| Fidelity Bank | $65,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $25,000 | $15,000 | -40.0% | 0.0% |
| THRIVENT Federal Credit Union | $15,000 | n/a | 0.0% |
Owatonna's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 11.2% market share. In second place, with 7.9%, is Plains Commerce Bank, having originated $24,005,000 in loans. In third place, with 7.0%, is QUICKEN LOANS, LLC, having originated $21,035,000 in loans. In fourth place, with 6.5%, is Wells Fargo Bank, having originated $19,645,000 in loans. In fifth place, with 6.4%, is U.S. Bank, having originated $19,390,000 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 | $208,450 (12.8%) | $224,353 (0.7%) | 0.00 | 74 |
| 2019-03-01 | $209,043 (3.4%) | $230,902 (-0.9%) | 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 (5.0%) | $241,745 (7.8%) | 0.00 | 64 |
| 2020-03-01 | $215,550 (3.1%) | $242,147 (4.9%) | 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 |
Owatonna's median listing price comes in at 0% of the national average.
Owatonna's average listing price for 2023-02-01 was $347,817, a difference of $98,901 (39.7%) versus the prior year and $18,472 versus the prior month.
For the 2023-02-01 period, Owatonna had 30 MLS listings, a difference of -4 listings (-12%) versus the prior month and 8 listings (36%) 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 | 1,915 sqft |
| 2019-03-01 | 0 days | 1,882 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 |
Owatonna's median square footage for active listings during the 2023-02-01 period was 1,847 sqft. One year prior, the average listing was 2,023 sqft.
Owatonna, MN Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Refi | 616 | $106,720,000 | $173,247 |
| Home Purchase | 584 | $130,060,000 | $222,705 |
| Cash Out Refi | 341 | $61,135,000 | $179,282 |
| Other | 33 | $2,695,000 | $81,667 |
| Home Improvement | 24 | $1,910,000 | $79,583 |
Owatonna's most frequently cited loan purpose was Refi, with 616 originations. The 2nd most popular reason was Home Purchase, with 584 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 630 | $126,310,000 | $200,492 |
| 3-4% | 539 | $98,505,000 | $182,755 |
| <2.5% | 330 | $56,760,000 | $172,000 |
| 4-5% | 43 | $5,135,000 | $119,419 |
| 5-6% | 9 | $405,000 | $45,000 |
| Over 8% | 4 | $120,000 | $30,000 |
| 7-8% | 3 | $135,000 | $45,000 |
| 6-7% | 2 | $220,000 | $110,000 |
During 2021, Owatonna's most frequently originated rate bucket was 2.5-3%, with 630 originations.
Loan Sizing (Owatonna, MN MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 811 | $122,705,000 | $151,301 |
| $200k-400k | 531 | $137,335,000 | $258,635 |
| $100,000 or less | 215 | $13,415,000 | $62,395 |
| $400k-600k | 35 | $16,115,000 | $460,429 |
| $600k-1000k | 3 | $2,105,000 | $701,667 |
| $Over $1MM | 3 | $10,845,000 | $3,615,000 |
Owatonna's loan sizing saw the bucket of loans from $100k-200k with 811 originations, totaling $122,705,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 596 | $116,160,000 | $194,899 |
| 80-100% | 575 | $123,285,000 | $214,409 |
| 40-60% | 197 | $28,745,000 | $145,914 |
| 20-40% | 72 | $6,180,000 | $85,833 |
| Under 20% | 60 | $1,610,000 | $26,833 |
| Over 100% | 12 | $2,390,000 | $199,167 |
Owatonna's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 596 originations, totaling $116,160,000 in origination value.