Is Cottage Grove, MN 55016 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Cottage Grove is a seller’s market. With about 2.2 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply2.2Under 4 months = seller’s market

Sold above original list39.8%Share of sales, last 3 months

Median sale-to-list100.5%Sold price ÷ list price

Median days on market26Listing to accepted offer

Median price per sq ft$202▲ +0.7% vs. last year

Run the numbers for 55016

Prefilled for 55016Can I win this house?Multiple-offer likelihood for a listing Prefilled for 55016Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Afton 55001Seller’s market $243 /sq ft Bayport 55003Seller’s market $201 /sq ft Hugo 55038Seller’s market $201 /sq ft Lake Elmo 55042Seller’s market $236 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology