Housing in Cottage Grove, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$360,000

Median List Price

$387,400

Price Per Sq Ft

$187

Days on Market

46

Active Inventory

109

Months of Supply

5.2

Balanced market

Zillow Home Value

$384,436

ZHVI — January 2026

Zillow Rent Index

$1,762

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 11.8%List Price ↓ 6.6%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

28.6%

Off Market in 2 Weeks

29.0%

Sale-to-List Ratio

98.9%

Buyer's market

Sold Above Asking
28.6%
Under Contract in 2 Wks
29.0%
Listings with Price Drops
39.5%

Market Activity

Source: Redfin

Homes Sold

21

New Listings

44

Pending Sales

31

Homes Sold ↓ 66.7%New Listings ↓ 38.9%Pending ↓ 52.3%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$187

Median List $/SF

$209

Sale $/SF ↓ 3.1%List $/SF ↑ 3.5%Mar 24 → Jan 26

Cottage Grove vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 25,000 - 50,000 residents. Cottage Grove is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$359,600

Median Rent

$1,644

Total Housing Units

14,038

Vacancy Rate

1.1%

Owner Occupied

88.4%

Renter Occupied

11.6%

Median Property Tax

$3,847

per year

Monthly Cost (w/ Mortgage)

$1,807

Housing Types

Single Family
92.2%
Multi-Family
7.5%
Mobile Home
0.4%

The current median sale price in Cottage Grove, MN is $360,000 according to Redfin data. Homes spend a median of 46 days on the market. 28.6% of homes sold above asking price. The market has 5.2 months of supply. The median price per square foot is $187. Zillow's observed rent index is $1,762/month. About 88.4% of housing units are owner-occupied. The median year homes were built is 1988. There are 14,038 total housing units.