Owatonna Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Owatonna averaged 6.94% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.55% and one month ago for the week of 2025-02-27, the average rate was 6.76%.

    Owatonna's average rate one year ago was 6.99%.

    For refis of the same type during the week of 2025-04-03, the average rate was 7.14%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Owatonna 30 Year Fixed Rate 2025-04-03 6.94%
    Owatonna 30 Year Fixed Rate Refi 2025-04-03 7.14%
    Owatonna 15 Year Fixed Rate 2025-04-03 5.62%
    Owatonna 15 Year Fixed Rate Refi 2025-04-03 5.92%
    Owatonna 30 Year FHA 2025-04-03 6.61%
    Owatonna 30 Year FHA Refi 2025-04-03 6.06%
    Owatonna 30 Year USDA 2025-04-03 6.12%
    Owatonna 30 Year USDA Refi 2025-04-03 6.42%
    Owatonna 30 Year VA 2025-04-03 5.86%
    Owatonna 30 Year VA Refi 2025-04-03 5.86%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 31 6.94% $6,629
    Bremer Bank 17 6.69% $5,684
    U.S. Bank 15 6.94% $3,703
    Cambria Financial Group, LLC 14 7.15% $5,988
    UNITED WHOLESALE MORTGAGE, LLC 13 6.65% $6,700
    GUARANTEED RATE, INC. 13 6.64% $5,169
    TOWNE MORTGAGE COMPANY 12 6.71% $4,791
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 7.07% $6,569
    IOWA BANKERS MORTGAGE CORPORATION 10 6.55% $5,945
    LOANDEPOT.COM, LLC 10 6.64% $6,037
    BAY EQUITY LLC 10 6.98% $4,401
    QUICKEN LOANS, LLC 8 6.43% $6,964
    Wells Fargo Bank 7 6.20% $4,345
    Alerus Financial 6 6.50% $3,264
    Bell Bank 6 6.65% $5,396
    COMPEER FINANCIAL, FLCA 5 7.33% $4,427
    Prosperity Home Mortgage, LLC 4 6.53% $7,215
    SIRVA MORTGAGE, INC. 3 6.46% $82
    UNION HOME MORTGAGE CORP. 3 6.58% $6,892
    EVERETT FINANCIAL, INC. 3 7.13% $6,238
    MEMBER FIRST MORTGAGE, LLC 2 6.63% $5,324
    MOVEMENT MORTGAGE, LLC 2 7.44% $5,907
    PENNYMAC LOAN SERVICES, LLC 2 7.12% $7,209
    Plains Commerce Bank 2 7.38% $6,479
    PLAZA HOME MORTGAGE, INC. 2 6.50% $3,862
    BROKER SOLUTIONS, INC. 2 6.81% $7,108
    Think Mutual Bank 2 6.50% $4,236
    WINGS FINANCIAL 2 6.25% $3,274
    GUILD MORTGAGE COMPANY 2 6.88% $3,644
    AFFINITY PLUS 2 6.75% $3,955
    NEWREZ LLC 1 7.50% $2,836
    ALLIANT CREDIT UNION 1 6.25% $5,416
    ALTRA 1 7.03% $3,712
    American Mortgage & Equity Consultants, Inc. 1 6.88% $5,039
    Choice Financial Group 1 6.49% $5,496
    Citizens Community Federal 1 7.00% $2,905
    CORTRUST MORTGAGE, INC. 1 6.13% $5,655
    First Federal Bank 1 6.63% $4,554
    Florida Capital Bank 1 6.88% $4,261
    FREEDOM MORTGAGE CORPORATION 1 6.88% $1,650
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $4,997
    GUARANTEED RATE AFFINITY, LLC 1 7.88% $4,428
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.62% $8,179
    MARINE 1 8.23% $6,408
    Minnwest Bank 1 6.25% $4,378
    Academy Bank 1 6.13% $2,631
    PENTAGON FEDERAL CREDIT UNION 1 6.75% $4,385
    PNC Bank 1 5.88% $3,525
    ROYAL UNITED MORTGAGE LLC 1 7.63% $6,016
    Sierra Pacific Mortgage Company, Inc. 1 7.13% $6,837
    SPIRE Credit Union 1 5.75% $4,768
    Summit Mortgage Corporation 1 7.00% $4,521

    Owatonna Average Closing Costs & Other Stats

    Owatonna, MN's 52 lenders originated 606 loans during 2024. The total origination value was $117,040,000, with an average loan value of $193,135.

    Owatonna's average closing costs are $5,180.

    The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 31 loans originated. Their average total fees are $6,629, which is $946 higher than the next largest lender, Bremer Bank.

    The lowest fee Owatonna lenders (with over 10 loans originated) are U.S. Bank ($3,703), BAY EQUITY LLC ($4,401), TOWNE MORTGAGE COMPANY ($4,791), GUARANTEED RATE, INC. ($5,169) and Bremer Bank ($5,684).

    The lowest rate Owatonna lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION (6.55%), LOANDEPOT.COM, LLC (6.64%), GUARANTEED RATE, INC. (6.64%), UNITED WHOLESALE MORTGAGE, LLC (6.65%) and Bremer Bank (6.69%).

    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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    CROSSCOUNTRY MORTGAGE, LLC $17,520,000 $15,975,000 -8.8% 13.6%
    UNITED WHOLESALE MORTGAGE, LLC $5,235,000 $7,670,000 46.5% 6.6%
    GUARANTEED RATE, INC. $7,065,000 $7,410,000 4.9% 6.3%
    QUICKEN LOANS, LLC $5,735,000 $6,395,000 11.5% 5.5%
    Bremer Bank $5,790,000 $5,540,000 -4.3% 4.7%
    Cambria Financial Group, LLC $3,510,000 $5,525,000 57.4% 4.7%
    U.S. Bank $5,810,000 $5,475,000 -5.8% 4.7%
    LOANDEPOT.COM, LLC $665,000 $3,895,000 485.7% 3.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,105,000 $3,695,000 19.0% 3.2%
    TOWNE MORTGAGE COMPANY $3,295,000 $3,600,000 9.3% 3.1%
    BAY EQUITY LLC $1,450,000 $3,565,000 145.9% 3.0%
    IOWA BANKERS MORTGAGE CORPORATION $2,450,000 $3,230,000 31.8% 2.8%
    Bell Bank $1,300,000 $2,690,000 106.9% 2.3%
    Mortgage Research Center, LLC $1,980,000 $1,880,000 -5.1% 1.6%
    Prosperity Home Mortgage, LLC $1,620,000 $1,870,000 15.4% 1.6%
    Wells Fargo Bank $3,560,000 $1,585,000 -55.5% 1.4%
    Alerus Financial $1,525,000 n/a 1.3%
    UNION HOME MORTGAGE CORP. $1,440,000 n/a 1.2%
    PENNYMAC LOAN SERVICES, LLC $605,000 $1,435,000 137.2% 1.2%
    FREEDOM MORTGAGE CORPORATION $675,000 $1,300,000 92.6% 1.1%
    COMPEER FINANCIAL, FLCA $535,000 $1,235,000 130.8% 1.1%
    American Mortgage & Equity Consultants, Inc. $180,000 $1,220,000 577.8% 1.0%
    BROKER SOLUTIONS, INC. $980,000 $1,105,000 12.8% 0.9%
    ALLIANT CREDIT UNION $1,095,000 n/a 0.9%
    SIRVA MORTGAGE, INC. $1,630,000 $975,000 -40.2% 0.8%
    Plains Commerce Bank $915,000 $920,000 0.5% 0.8%
    Minnwest Bank $890,000 $890,000 0.0% 0.8%
    AFFINITY PLUS $1,065,000 $795,000 -25.4% 0.7%
    The Federal Savings Bank $725,000 n/a 0.6%
    Frandsen Bank & Trust $465,000 $690,000 48.4% 0.6%
    NEW DAY FINANCIAL, LLC $680,000 n/a 0.6%
    MEMBER FIRST MORTGAGE, LLC $650,000 n/a 0.6%
    EVERETT FINANCIAL, INC. $265,000 $635,000 139.6% 0.5%
    WINGS FINANCIAL $720,000 $635,000 -11.8% 0.5%
    NEWREZ LLC $715,000 $575,000 -19.6% 0.5%
    Think Mutual Bank $105,000 $530,000 404.8% 0.5%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $350,000 $525,000 50.0% 0.4%
    AMERICAN FINANCIAL RESOURCES, INC. $520,000 n/a 0.4%
    PLAZA HOME MORTGAGE, INC. $500,000 $520,000 4.0% 0.4%
    LENOX FINANCIAL MORTGAGE CORPORATION $515,000 n/a 0.4%
    Flagstar Bank, FSB $185,000 $485,000 162.2% 0.4%
    GUILD MORTGAGE COMPANY $480,000 n/a 0.4%
    The First National Bank of Le Center $470,000 n/a 0.4%
    Carrington Mortgage Services, LLC $185,000 $430,000 132.4% 0.4%
    First Federal Bank $235,000 $420,000 78.7% 0.4%
    MOVEMENT MORTGAGE, LLC $420,000 n/a 0.4%
    Century Mortgage Company DBA Century Lending Company $180,000 $415,000 130.6% 0.4%
    Manufacturers Bank & Trust Company $835,000 $385,000 -53.9% 0.3%
    The State Bank of Faribault $840,000 $385,000 -54.2% 0.3%
    Peoples State Bank of Plainview $375,000 n/a 0.3%
    Sierra Pacific Mortgage Company, Inc. $375,000 n/a 0.3%
    GUARANTEED RATE AFFINITY, LLC $195,000 $365,000 87.2% 0.3%
    OCMBC, INC. $330,000 n/a 0.3%
    PNC Bank $155,000 $320,000 106.5% 0.3%
    Academy Bank $315,000 n/a 0.3%
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $315,000 n/a 0.3%
    SPIRE Credit Union $45,000 $310,000 588.9% 0.3%
    Magnolia Bank $305,000 n/a 0.3%
    Foresight Bank $285,000 n/a 0.2%
    IDEAL $285,000 n/a 0.2%
    HOMESIDE FINANCIAL, LLC $280,000 n/a 0.2%
    Florida Capital Bank $275,000 n/a 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $275,000 n/a 0.2%
    Deerwood Bank $270,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $265,000 n/a 0.2%
    Summit Mortgage Corporation $625,000 $265,000 -57.6% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $245,000 $255,000 4.1% 0.2%
    MID AMERICA MORTGAGE, INC. $320,000 $250,000 -21.9% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $225,000 $245,000 8.9% 0.2%
    Sunrise Banks $245,000 n/a 0.2%
    Choice Financial Group $235,000 n/a 0.2%
    Northpointe Bank $235,000 n/a 0.2%
    BankVista $225,000 n/a 0.2%
    CORTRUST MORTGAGE, INC. $225,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $225,000 n/a 0.2%
    ALTRA $220,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $395,000 $205,000 -48.1% 0.2%
    Equity Prime Mortgage LLC $175,000 $195,000 11.4% 0.2%
    Citizens Community Federal $185,000 n/a 0.2%
    Bank of America $180,000 n/a 0.2%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $560,000 $175,000 -68.8% 0.1%
    Profinium Inc. $3,180,000 $170,000 -94.7% 0.1%
    CHURCHILL MORTGAGE CORPORATION $165,000 n/a 0.1%
    Figure Lending LLC $200,000 $165,000 -17.5% 0.1%
    MARINE $165,000 n/a 0.1%
    Highland Bank $150,000 n/a 0.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,325,000 $150,000 -88.7% 0.1%
    Old National Bank $150,000 n/a 0.1%
    Community Resource Bank $135,000 n/a 0.1%
    Connexus Credit Union $105,000 n/a 0.1%
    Deseret First Credit Union $105,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $55,000 $105,000 90.9% 0.1%
    Discover Bank $320,000 $100,000 -68.8% 0.1%
    First Alliance Credit Union $95,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $95,000 n/a 0.1%
    First Bank & Trust $180,000 $85,000 -52.8% 0.1%
    GATEWAY BANK $85,000 n/a 0.1%
    Bethpage Federal Credit Union $75,000 n/a 0.1%
    BMO Harris Bank $25,000 $75,000 200.0% 0.1%
    Fifth Third Bank $75,000 n/a 0.1%
    Coastal Community Bank $65,000 $70,000 7.7% 0.1%
    LOANPAL, LLC $65,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $65,000 n/a 0.1%
    VERIDIAN CREDIT UNION $580,000 $55,000 -90.5% 0.0%
    TOPLINE FEDERAL CREDIT UNION $45,000 n/a 0.0%
    GENISYS $35,000 n/a 0.0%

    Owatonna's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 13.6% market share. In second place, with 6.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $7,670,000 in loans. In third place, with 6.3%, is GUARANTEED RATE, INC., having originated $7,410,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $6,395,000 in loans. In fifth place, with 4.7%, is Bremer Bank, having originated $5,540,000 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
    2023-09-01 $319,500 (15.7%) $368,178 (22.2%) 0.00 49
    2023-10-01 $339,900 (17.3%) $369,823 (18.5%) 0.00 50
    2023-11-01 $309,800 (8.7%) $335,772 (9.8%) 0.00 47
    2023-12-01 $299,900 (4.5%) $319,779 (0.8%) 0.00 37
    2024-01-01 $322,325 (11.3%) $345,662 (5.0%) 0.00 33
    2024-02-01 $349,900 (21.9%) $351,267 (1.0%) 0.00 31
    2024-03-01 $359,000 (24.5%) $349,749 (4.1%) 0.00 26
    2024-04-01 $342,000 (0.9%) $364,270 (-8.1%) 0.00 35
    2024-05-01 $349,450 (4.3%) $375,421 (-1.6%) 0.00 43
    2024-06-01 $349,900 (15.5%) $373,098 (4.7%) 0.00 42
    2024-07-01 $347,000 (15.7%) $370,398 (5.0%) 0.00 47
    2024-08-01 $339,200 (19.9%) $396,415 (19.9%) 0.00 55
    2024-09-01 $339,950 (6.4%) $403,266 (9.5%) 0.00 60
    2024-10-01 $335,950 (-1.2%) $394,665 (6.7%) 0.00 68
    2024-11-01 $339,950 (9.7%) $407,217 (21.3%) 0.00 69
    2024-12-01 $315,000 (5.0%) $394,971 (23.5%) 0.00 62
    2025-01-01 $294,950 (-8.5%) $380,007 (9.9%) 0.00 54
    2025-02-01 $348,400 (-0.4%) $387,243 (10.2%) 0.00 52
    2025-03-01 $399,700 (11.3%) $437,139 (25.0%) 0.00 48
    Owatonna's median listing price for 2025-03-01 was $399,700, a difference of $40,700 (11.3%) versus the prior year and $51,300 versus the prior month.

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

    Owatonna's average listing price for 2025-03-01 was $437,139, a difference of $87,390 (25.0%) versus the prior year and $49,896 versus the prior month.

    For the 2025-03-01 period, Owatonna had 48 MLS listings, a difference of -4 listings (-8%) versus the prior month and 22 listings (85%) 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
    2023-09-01 0 days 2,000 sqft
    2023-10-01 0 days 2,235 sqft
    2023-11-01 0 days 1,969 sqft
    2023-12-01 0 days 1,976 sqft
    2024-01-01 0 days 1,943 sqft
    2024-02-01 0 days 1,944 sqft
    2024-03-01 0 days 1,984 sqft
    2024-04-01 0 days 1,992 sqft
    2024-05-01 0 days 2,032 sqft
    2024-06-01 0 days 2,356 sqft
    2024-07-01 0 days 2,161 sqft
    2024-08-01 0 days 2,099 sqft
    2024-09-01 0 days 2,224 sqft
    2024-10-01 0 days 2,089 sqft
    2024-11-01 0 days 2,001 sqft
    2024-12-01 0 days 1,939 sqft
    2025-01-01 0 days 1,694 sqft
    2025-02-01 0 days 1,672 sqft
    2025-03-01 0 days 1,713 sqft
    Owatonna's median listing age (time on market) for 2025-03-01 was 0 days.

    Owatonna's median square footage for active listings during the 2025-03-01 period was 1,713 sqft. One year prior, the average listing was 1,984 sqft.

    Owatonna, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 410 $90,970,000 $221,878
    Cash Out Refi 78 $13,850,000 $177,564
    Home Improvement 41 $2,795,000 $68,171
    Other 40 $2,540,000 $63,500
    Refi 37 $6,885,000 $186,081

    Owatonna's most frequently cited loan purpose was Home Purchase, with 410 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 278 $65,810,000 $236,727
    7-8% 117 $23,775,000 $203,205
    Over 8% 91 $7,365,000 $80,934
    5-6% 68 $15,390,000 $226,324
    <2.5% 20 $590,000 $29,500
    4-5% 2 $500,000 $250,000

    During 2024, Owatonna's most frequently originated rate bucket was 6-7%, with 278 originations.

    Loan Sizing (Owatonna, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 280 $75,230,000 $268,679
    $100,000 or less 153 $7,375,000 $48,203
    $100k-200k 149 $22,755,000 $152,718
    $400k-600k 22 $9,890,000 $449,545
    $600k-1000k 1 $695,000 $695,000
    $Over $1MM 1 $1,095,000 $1,095,000

    Owatonna's loan sizing saw the bucket of loans from $200k-400k with 280 originations, totaling $75,230,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 289 $73,855,000 $255,554
    60-80% 113 $24,445,000 $216,327
    Under 20% 96 $3,570,000 $37,188
    20-40% 46 $4,200,000 $91,304
    40-60% 30 $4,850,000 $161,667
    Over 100% 4 $1,740,000 $435,000

    Owatonna's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 289 originations, totaling $73,855,000 in origination value.