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 6.75% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2024-12-05) was 6.84% and one month ago for the week of 2024-11-07, the average rate was 7.04%.

    Owatonna's average rate one year ago was 7.28%.

    For refis of the same type during the week of 2024-12-12, the average rate was 6.9%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-12-12 6.6%
    Owatonna 30 Year Fixed Rate 2024-12-12 6.75%
    Owatonna 30 Year Fixed Rate Refi 2024-12-12 6.9%
    Owatonna 15 Year Fixed Rate 2024-12-12 6.04%
    Owatonna 15 Year Fixed Rate Refi 2024-12-12 6.34%
    Owatonna 30 Year FHA 2024-12-12 6.1%
    Owatonna 30 Year FHA Refi 2024-12-12 6.28%
    Owatonna 30 Year USDA 2024-12-12 6.4%
    Owatonna 30 Year USDA Refi 2024-12-12 6.3%
    Owatonna 30 Year VA 2024-12-12 5.98%
    Owatonna 30 Year VA Refi 2024-12-12 6.08%
    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 47 6.82% $7,134
    U.S. Bank 15 6.67% $3,683
    GUARANTEED RATE, INC. 15 6.77% $5,628
    Bremer Bank 13 6.84% $5,550
    Wells Fargo Bank 12 6.90% $3,067
    UNITED WHOLESALE MORTGAGE, LLC 12 6.64% $7,627
    QUICKEN LOANS, LLC 11 6.69% $8,668
    IOWA BANKERS MORTGAGE CORPORATION 8 6.44% $5,415
    TOWNE MORTGAGE COMPANY 8 7.05% $5,838
    Cambria Financial Group, LLC 8 7.17% $6,072
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 7.14% $5,076
    BAY EQUITY LLC 5 6.77% $4,410
    Prosperity Home Mortgage, LLC 4 7.03% $5,128
    Bell Bank 4 6.69% $5,405
    SIRVA MORTGAGE, INC. 4 6.72% $2,257
    AMERISAVE MORTGAGE CORPORATION 3 6.42% $6,240
    Merchants Bank 3 6.32% $4,465
    Summit Mortgage Corporation 3 6.88% $3,605
    WINGS FINANCIAL 3 6.67% $3,584
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 7.13% $4,837
    HIWAY 2 7.13% $3,134
    BROKER SOLUTIONS, INC. 2 7.38% $6,958
    Plains Commerce Bank 2 6.88% $8,126
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 7.06% $8,711
    NEWREZ LLC 2 7.63% $5,961
    AMERICAN FINANCING CORPORATION 2 6.68% $4,587
    AFFINITY PLUS 2 7.25% $6,078
    CARDINAL FINANCIAL 2 6.43% $6,089
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION 1 5.38% $2,837
    USAA Federal Savings Bank 1 7.00% $4,133
    VERIDIAN CREDIT UNION 1 5.75% $3,285
    V.I.P. MORTGAGE, INC. 1 7.25% $3,490
    ZILLOW HOME LOANS, LLC 1 7.50% $2,952
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.88% $4,096
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 8.00% $11,703
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $6,276
    Barrington Bank & Trust Company, N.A. 1 7.50% $5,980
    BETTER MORTGAGE CORPORATION 1 6.88% $2,449
    COMPEER FINANCIAL, FLCA 1 8.38% $5,657
    DELMAR FINANCIAL COMPANY 1 6.38% $3,976
    First Federal Bank 1 6.00% $4,980
    First Savings Bank 1 6.75% $2,850
    Flagstar Bank, FSB 1 7.88% $3,538
    Frandsen Bank & Trust 1 6.25% $3,431
    FREEDOM MORTGAGE CORPORATION 1 7.63% $6,203
    GUARANTEED RATE AFFINITY, LLC 1 5.88% $8,266
    Home Federal Savings Bank 1 7.50% $4,039
    Ixonia Bank 1 7.00% $3,845
    LAKEVIEW LOAN SERVICING, LLC 1 6.63% $5,847
    LOANDEPOT.COM, LLC 1 6.99% $5,200
    MEGASTAR FINANCIAL CORP. 1 6.50% $5,608
    Minnwest Bank 1 6.38% $7,770
    MORTGAGE ACCESS CORP. 1 6.25% $6,649
    Mortgage Research Center, LLC 1 6.99% $3,387
    PENNYMAC LOAN SERVICES, LLC 1 6.00% $4,217
    PLAZA HOME MORTGAGE, INC. 1 6.63% $4,360
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $3,988
    Servion, Inc. 1 8.13% $5,536
    Think Mutual Bank 1 6.38% $3,994
    THRIVENT Federal Credit Union 1 6.75% $3,861

    Owatonna Average Closing Costs & Other Stats

    Owatonna, MN's 60 lenders originated 564 loans during 2023. The total origination value was $123,570,000, with an average loan value of $219,096.

    Owatonna's average closing costs are $4,981.

    The top Owatonna lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 47 loans originated. Their average total fees are $7,134, which is $3,451 higher than the next largest lender, U.S. Bank.

    The lowest fee Owatonna lenders (with over 10 loans originated) are Wells Fargo Bank ($3,067), U.S. Bank ($3,683), Bremer Bank ($5,550), GUARANTEED RATE, INC. ($5,628) and CROSSCOUNTRY MORTGAGE, LLC ($7,134).

    The lowest rate Owatonna lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.64%), U.S. Bank (6.67%), QUICKEN LOANS, LLC (6.69%), GUARANTEED RATE, INC. (6.77%) and CROSSCOUNTRY MORTGAGE, LLC (6.82%).

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    CROSSCOUNTRY MORTGAGE, LLC $17,135,000 $17,520,000 2.2% 14.2%
    National Bank of Commerce $23,010,000 $16,005,000 -30.4% 13.0%
    GUARANTEED RATE, INC. $6,190,000 $7,065,000 14.1% 5.7%
    U.S. Bank $5,875,000 $5,810,000 -1.1% 4.7%
    Bremer Bank $6,745,000 $5,790,000 -14.2% 4.7%
    QUICKEN LOANS, LLC $4,440,000 $5,735,000 29.2% 4.6%
    UNITED WHOLESALE MORTGAGE, LLC $4,295,000 $5,235,000 21.9% 4.2%
    Wells Fargo Bank $9,195,000 $3,560,000 -61.3% 2.9%
    Cambria Financial Group, LLC $3,530,000 $3,510,000 -0.6% 2.8%
    TOWNE MORTGAGE COMPANY $6,560,000 $3,295,000 -49.8% 2.7%
    Profinium Inc. $3,180,000 n/a 2.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,135,000 $3,105,000 -1.0% 2.5%
    IOWA BANKERS MORTGAGE CORPORATION $1,830,000 $2,450,000 33.9% 2.0%
    Mortgage Research Center, LLC $2,330,000 $1,980,000 -15.0% 1.6%
    SIRVA MORTGAGE, INC. $650,000 $1,630,000 150.8% 1.3%
    Prosperity Home Mortgage, LLC $2,215,000 $1,620,000 -26.9% 1.3%
    BAY EQUITY LLC $2,040,000 $1,450,000 -28.9% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $1,380,000 $1,325,000 -4.0% 1.1%
    Bell Bank $1,700,000 $1,300,000 -23.5% 1.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $490,000 $1,295,000 164.3% 1.0%
    USAA Federal Savings Bank $255,000 $1,070,000 319.6% 0.9%
    AFFINITY PLUS $1,560,000 $1,065,000 -31.7% 0.9%
    BROKER SOLUTIONS, INC. $1,595,000 $980,000 -38.6% 0.8%
    Plains Commerce Bank $3,090,000 $915,000 -70.4% 0.7%
    Minnwest Bank $970,000 $890,000 -8.2% 0.7%
    Servion, Inc. $400,000 $865,000 116.3% 0.7%
    The State Bank of Faribault $985,000 $840,000 -14.7% 0.7%
    Manufacturers Bank & Trust Company $1,990,000 $835,000 -58.0% 0.7%
    CARDINAL FINANCIAL $2,140,000 $825,000 -61.4% 0.7%
    AMERISAVE MORTGAGE CORPORATION $1,065,000 $740,000 -30.5% 0.6%
    WINGS FINANCIAL $1,985,000 $720,000 -63.7% 0.6%
    NEWREZ LLC $440,000 $715,000 62.5% 0.6%
    Merchants Bank $1,395,000 $685,000 -50.9% 0.6%
    FREEDOM MORTGAGE CORPORATION $1,445,000 $675,000 -53.3% 0.5%
    HIWAY $300,000 $665,000 121.7% 0.5%
    LOANDEPOT.COM, LLC $3,165,000 $665,000 -79.0% 0.5%
    Summit Mortgage Corporation $670,000 $625,000 -6.7% 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,210,000 $605,000 -50.0% 0.5%
    VERIDIAN CREDIT UNION $580,000 n/a 0.5%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $185,000 $560,000 202.7% 0.5%
    Barrington Bank & Trust Company, N.A. $535,000 $545,000 1.9% 0.4%
    COMPEER FINANCIAL, FLCA $2,785,000 $535,000 -80.8% 0.4%
    PLAZA HOME MORTGAGE, INC. $660,000 $500,000 -24.2% 0.4%
    AMERICAN PACIFIC MORTGAGE CORPORATION $205,000 $480,000 134.1% 0.4%
    Frandsen Bank & Trust $1,000,000 $465,000 -53.5% 0.4%
    Home Federal Savings Bank $3,650,000 $420,000 -88.5% 0.3%
    First Savings Bank $400,000 n/a 0.3%
    AMERICAN FINANCING CORPORATION $175,000 $395,000 125.7% 0.3%
    Citizens Bank $290,000 $375,000 29.3% 0.3%
    TRUSTONE FINANCIAL FEDERAL CREDIT UNION $4,965,000 $350,000 -93.0% 0.3%
    MORTGAGE ACCESS CORP. $325,000 n/a 0.3%
    Discover Bank $150,000 $320,000 113.3% 0.3%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $320,000 n/a 0.3%
    MID AMERICA MORTGAGE, INC. $320,000 n/a 0.3%
    Bank of England $965,000 $285,000 -70.5% 0.2%
    Lakeview Bank $285,000 n/a 0.2%
    Ixonia Bank $280,000 n/a 0.2%
    LAKEVIEW LOAN SERVICING, LLC $320,000 $270,000 -15.6% 0.2%
    Bluff View Bank $265,000 n/a 0.2%
    EVERETT FINANCIAL, INC. $265,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $285,000 $255,000 -10.5% 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $245,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $245,000 n/a 0.2%
    DELMAR FINANCIAL COMPANY $235,000 n/a 0.2%
    First Federal Bank $530,000 $235,000 -55.7% 0.2%
    Mid-Continent Funding, Inc. $245,000 $235,000 -4.1% 0.2%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $440,000 $225,000 -48.9% 0.2%
    MEGASTAR FINANCIAL CORP. $225,000 n/a 0.2%
    Platinum Bank $225,000 n/a 0.2%
    PREMIER MORTGAGE RESOURCES, L.L.C. $225,000 n/a 0.2%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $1,085,000 $215,000 -80.2% 0.2%
    Figure Lending LLC $150,000 $200,000 33.3% 0.2%
    GUARANTEED RATE AFFINITY, LLC $195,000 n/a 0.2%
    MILEND, INC. $615,000 $195,000 -68.3% 0.2%
    V.I.P. MORTGAGE, INC. $195,000 n/a 0.2%
    Axos Bank $185,000 n/a 0.1%
    Carrington Mortgage Services, LLC $185,000 n/a 0.1%
    Centier Bank $185,000 n/a 0.1%
    Flagstar Bank, FSB $510,000 $185,000 -63.7% 0.1%
    American Mortgage & Equity Consultants, Inc. $765,000 $180,000 -76.5% 0.1%
    Century Mortgage Company DBA Century Lending Company $180,000 n/a 0.1%
    First Bank & Trust $705,000 $180,000 -74.5% 0.1%
    BETTER MORTGAGE CORPORATION $785,000 $175,000 -77.7% 0.1%
    COMMUNITY MORTGAGE FUNDING, LLC $175,000 n/a 0.1%
    Equity Prime Mortgage LLC $175,000 n/a 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $160,000 n/a 0.1%
    PNC Bank $155,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $145,000 $145,000 0.0% 0.1%
    THRIVENT Federal Credit Union $135,000 n/a 0.1%
    TOWER $125,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $410,000 $120,000 -70.7% 0.1%
    Think Mutual Bank $300,000 $105,000 -65.0% 0.1%
    The Huntington National Bank $910,000 $80,000 -91.2% 0.1%
    Cornerstone State Bank $75,000 n/a 0.1%
    BUILDING TRADES FEDERAL CREDIT UNION $65,000 n/a 0.1%
    Coastal Community Bank $65,000 n/a 0.1%
    NAVY FEDERAL CREDIT UNION $780,000 $55,000 -92.9% 0.0%
    NOVATION CREDIT UNION $55,000 n/a 0.0%
    Midwest Heritage Bank FSB $45,000 n/a 0.0%
    SPIRE Credit Union $25,000 $45,000 80.0% 0.0%
    BMO Harris Bank $25,000 n/a 0.0%
    CAPITAL CREDIT UNION $25,000 n/a 0.0%
    MAYO EMPLOYEES FEDERAL CREDIT UNION $15,000 n/a 0.0%

    Owatonna's top lender by overall market share is CROSSCOUNTRY MORTGAGE, LLC, with 14.2% market share. In second place, with 13.0%, is National Bank of Commerce, having originated $16,005,000 in loans. In third place, with 5.7%, is GUARANTEED RATE, INC., having originated $7,065,000 in loans. In fourth place, with 4.7%, is U.S. Bank, having originated $5,810,000 in loans. In fifth place, with 4.7%, is Bremer Bank, having originated $5,790,000 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 (0.7%) $244,981 (4.9%) 0.00 88
    2018-09-01 $206,750 (-4.7%) $239,989 (0.1%) 0.00 100
    2018-10-01 $202,450 (-6.7%) $233,853 (-3.0%) 0.00 103
    2018-11-01 $197,900 (-2.0%) $216,729 (-7.6%) 0.00 106
    2018-12-01 $199,500 (-7.2%) $216,929 (-8.4%) 0.00 98
    2019-01-01 $201,450 (0.9%) $218,470 (-7.7%) 0.00 85
    2019-02-01 $209,450 (13.3%) $225,248 (1.1%) 0.00 76
    2019-03-01 $210,471 (4.1%) $231,728 (-0.5%) 0.00 74
    2019-04-01 $208,996 (-5.7%) $231,794 (-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 (8.4%) $243,371 (1.4%) 0.00 112
    2019-10-01 $223,570 (10.4%) $240,866 (3.0%) 0.00 110
    2019-11-01 $231,400 (16.9%) $251,393 (16.0%) 0.00 100
    2019-12-01 $228,900 (14.7%) $246,605 (13.7%) 0.00 87
    2020-01-01 $223,425 (10.9%) $243,065 (11.3%) 0.00 74
    2020-02-01 $218,900 (4.5%) $241,745 (7.3%) 0.00 64
    2020-03-01 $215,550 (2.4%) $242,147 (4.5%) 0.00 64
    2020-04-01 $219,450 (5.0%) $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 $235,950 (14.2%) $248,581 (-4.0%) 0.00 48
    2021-12-01 $232,425 (14.8%) $259,171 (6.3%) 0.00 38
    2022-01-01 $234,900 (17.6%) $263,667 (12.3%) 0.00 33
    2022-02-01 $249,150 (25.0%) $246,421 (7.8%) 0.00 21
    2022-03-01 $226,950 (-2.9%) $254,485 (0.6%) 0.00 19
    2022-04-01 $274,900 (3.8%) $267,500 (-0.6%) 0.00 21
    2022-05-01 $275,950 (22.7%) $303,323 (19.7%) 0.00 31
    2022-06-01 $263,350 (4.0%) $279,666 (-0.1%) 0.00 39
    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 (20.8%) $305,718 (23.0%) 0.00 50
    2022-12-01 $286,950 (23.5%) $317,225 (22.4%) 0.00 39
    2023-01-01 $289,675 (23.3%) $329,345 (24.9%) 0.00 34
    2023-02-01 $286,950 (15.2%) $347,817 (41.2%) 0.00 30
    2023-03-01 $288,425 (27.1%) $335,898 (32.0%) 0.00 22
    2023-04-01 $339,000 (23.3%) $396,304 (48.2%) 0.00 21
    2023-05-01 $334,925 (21.4%) $381,585 (25.8%) 0.00 23
    2023-06-01 $302,950 (15.0%) $356,509 (27.5%) 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 $352,400 (5.2%) $379,578 (-0.5%) 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
    Owatonna's median listing price for 2024-11-01 was $339,950, a difference of $30,150 (9.7%) versus the prior year and $4,000 versus the prior month.

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

    Owatonna's average listing price for 2024-11-01 was $407,217, a difference of $71,445 (21.3%) versus the prior year and $12,552 versus the prior month.

    For the 2024-11-01 period, Owatonna had 69 MLS listings, a difference of 1 listings (1%) versus the prior month and 22 listings (47%) 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 2,428 sqft
    2018-10-01 0 days 2,372 sqft
    2018-11-01 0 days 2,303 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 1,828 sqft
    2021-12-01 0 days 1,785 sqft
    2022-01-01 0 days 1,779 sqft
    2022-02-01 0 days 2,047 sqft
    2022-03-01 0 days 2,185 sqft
    2022-04-01 0 days 2,500 sqft
    2022-05-01 0 days 1,958 sqft
    2022-06-01 0 days 1,850 sqft
    2022-07-01 0 days 2,034 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 2,043 sqft
    2024-06-01 0 days 2,374 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
    Owatonna's median listing age (time on market) for 2024-11-01 was 0 days.

    Owatonna's median square footage for active listings during the 2024-11-01 period was 2,001 sqft. One year prior, the average listing was 1,969 sqft.

    Owatonna, MN Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 394 $101,750,000 $258,249
    Cash Out Refi 72 $12,520,000 $173,889
    Other 44 $3,290,000 $74,773
    Home Improvement 37 $2,565,000 $69,324
    Refi 17 $3,445,000 $202,647

    Owatonna's most frequently cited loan purpose was Home Purchase, with 394 originations. The 2nd most popular reason was Cash Out Refi, with 72 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 236 $67,130,000 $284,449
    7-8% 128 $27,240,000 $212,813
    5-6% 72 $14,880,000 $206,667
    Over 8% 72 $7,200,000 $100,000
    <2.5% 12 $180,000 $15,000
    4-5% 2 $500,000 $250,000

    During 2023, Owatonna's most frequently originated rate bucket was 6-7%, with 236 originations.

    Loan Sizing (Owatonna, MN MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 237 $62,945,000 $265,591
    $100k-200k 179 $28,035,000 $156,620
    $100,000 or less 124 $5,600,000 $45,161
    $400k-600k 21 $9,475,000 $451,190
    $600k-1000k 2 $1,510,000 $755,000
    $Over $1MM 1 $16,005,000 $16,005,000

    Owatonna's loan sizing saw the bucket of loans from $200k-400k with 237 originations, totaling $62,945,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 266 $65,320,000 $245,564
    60-80% 112 $40,490,000 $361,518
    Under 20% 76 $2,410,000 $31,711
    20-40% 44 $3,890,000 $88,409
    40-60% 28 $4,360,000 $155,714
    Over 100% 3 $755,000 $251,667

    Owatonna's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 266 originations, totaling $65,320,000 in origination value.