Steele County, MN Home Values & Market Trends

The median home price in Steele County, MN is $263,645.03. There were 535 home sales in Steele County, MN over the past 12 months. The median residential Steele County, MN home value for transactions over the previous year is $234,900. The number of current listings in Steele County, MN is 46, and the percentage of properties for sale is 46.00%. The county has 14 foreclosures, 1 bank owned properties, 13 headed for auction, and 46 properties for sale.

Steele County, MN Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Owatonna

$ 274,900

$ 140/sqft

Medford

$ --

$ --

Blooming Prairie

$ 187,750

$ 104/sqft

Hope

$ --

$ --

Ellendale

$ 201,088

$ 92/sqft

Housing Market Summary for Steele County, MN

Apr 2023March 2024Change
Median Listing Price$247.4K$265K7.13%
Median Sold Price$239K$265K10.90%
Homes For Sale284250.00%
Homes Sold24829016.94%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Steele County, MN

Steele County, MN home values range from $17,842 to $1,474,725. Owatonna is the priciest city with a median listing home price of $292,500, and Blooming Prairie is most affordable with average house prices of around $195,000.

Foreclosure
There are 5 cities within Steele County, MN; within these cities, the median estimated home value for homes in foreclosure ranges from $164,370 in Blooming Prairie to the lowest value of $100,000 in Blooming Prairie. Foreclosure homes account for 0.00% of properties in Steele County, MN with Owatonna containing 11 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Steele County, MN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 5 cities within Steele County, MN; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Steele County, MN ranges from the highest value of $206,119 in Owatonna to the lowest value of $206,119 in Owatonna. Bank owned homes and properties account for 0.01% of properties in Steele County, MN. There are 5 cities within Steele County, MN; Owatonna containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Owatonna has 10 auction properties, the highest number of properties going to auction in a single city in the state of Steele County, MN. Auction homes and other auction properties account for 0.11% of all properties in Steele County, MN. There are 5 cities within Steele County, MN; of those cities, the median estimated home value for homes going to auction ranges from $428,990 in Hope to the lowest value of $100,000 in Hope.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.37% of residential properties in Steele County, MN with Owatonna containing 38 homes for sale, the highest number of listed properties in a single city. There are 5 cities within Steele County, MN; homes for sale in those cities, have a range of median values from $240,149 in Blooming Prairie to the lowest value of $50,586 in Ellendale.
    Sold Homes
    The median value for recently sold homes ranges from $495,903 in Ellendale to the lowest price of $32,821 in Ellendale. There are 5 cities within Steele County, MN. Owatonna has 227 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.32% of properties in Steele County, MN.

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      Guide for Steele County, MN

      Market Reports
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
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      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Home Buying Financing
      What To Consider Before Renting a RTO Home
      Market Reports
      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      See More Articles
      Saint Paul Real Estate Market Shows Steady Growth Through 2023-2024
      Market Reports|posted 26 March 2024

      Overview of the real estate trends in Saint Paul over the past year, analyzing various aspects like sale prices, property values, market activity, and market dynamics on a monthly basis, discussing influences such as economic conditions, interest rates, seasonal changes, and local employment levels.

      Minneapolis’ Real Estate Market Faces Value Dip, February 2024
      Market Reports|posted 14 March 2024

      The article provides a comprehensive analysis of real estate market trends in Minneapolis and its surrounding cities, highlighting various shifts in property values and sales. The observations reflect a diverse and dynamic market catering to varying buyer preferences and budgets.

      What To Consider Before Renting a RTO Home
      Home Buying Financing|posted 5 April 2024

      RTO homes can sometimes be tricky to understand. Here are the questions you should if you are considering a rent-to-own property.

      Charleston Real Estate Market Stabilizes in March 2024 Amid Fluctuations
      Market Reports|posted 4 April 2024

      The Charleston real estate market has displayed notable fluctuations in property values, with trends for sales volume, square foot costs, and average sale price showing a general upward trajectory.