Eyota, MN 55934

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $315,000 with 10% down, it comes to $1,934 a month in principal and interest.

The typical home here costs $550 a month less than it did a year ago.

A year ago the median list price was about $452,000 and the 30-year rate was 6.17%: $2,484 a month with 10% down. Now it's $315,000 at 7.25%: $1,934.

Put the other way, last year's $2,484 a month buys about a $405,000 home at the latest rate.

On a typical day in September, 16 homes were for sale: 19% more than in August and 158% more than a year ago. During the month 4 new listings came on, and on a typical day 3 homes were under contract.

Homes spent a median of 126 days on the market, 33 days longer than a year ago. Sellers cut the price on 11% of listings, up 11 points from a year ago. The median list price was $315,000, or $222 a square foot: unchanged from August and down 30% from a year ago.

Balanced market. Judged on 19 homes under contract for every 100 for sale, 126 days on the market and price cuts on 11% of listings.

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