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County Overview

Steele County, MN

Aggregate real estate market report across county ZIPs
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The Steele County, MN real estate market currently shows 98 active listings, with 39 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 64 days on market compared to 68 days last year.

The median listing price has fallen 6.7% year-over-year, from $348,400 to $324,975.

Whether you are buying or selling in Steele County, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 38,007  ·  Density: 47.0/mi²  ·  Median household income: $80,289

Typical home value: $218,084  ·  Homeownership: 77.8%

Included Areas

Blooming Prairie: 55917

Ellendale: 56026

Hope: 56046

Medford: 55049

Owatonna: 55060

Area Map

Market Overview

Active Listings
98
⇧ 12.6% vs 87 last year
Pending
39
40% pending ratio
Median Price
$324,975
⇩ 6.7% vs $348,400 last year
Average Price
$332,947
⇩ 14% vs $387,243 last year
Days on Market
64
⇩ 5.9% vs 68 days last year

Price Per Square Foot

Median $/sqft
$162
⇩ 6.9% vs $174/sqft last year
Median Home Size
1,887 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99.9%
Listings with no price change
Price Reduced
0.1%
⇧ 10.6% vs 0.1% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %