New Listing
38
$354,900
1136 N 1st St
Montrose, CO 81401
2 bd1 ba1,162 sqft$305/ft²
House6,970 sqft lot
Otoniel (Tony) Amaya-Ibarra · Keller Williams Colorado West Realty
View photos & details
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Montrose, CO Housing Market
Balanced market+1.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Montrose, CO is worth $467,125, rose 1.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $454,500, +6.3% year over year (through May 2026). With 3.6 months of supply and homes going under contract in about 30 days, Montrose is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $467,125 home is about $2,494/mo in principal and interest.
Key numbers for Montrose, CO
Typical home value
$467,125
+1.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,971/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$454,500
+6.3% year over year
Redfin, through May 2026
Days on market
30
Average pace
Redfin, through May 2026
Active listings
150
3.6 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$63,177
Home costs 7.4x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.5%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Montrose a buyer's or seller's market?
Balanced market3.6 months of supply30 days on market98.5% of asking
Montrose, CO is a balanced market, based on 3.6 months of supply and homes selling in about 30 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Montrose housing market data show?
Every row below is Redfin's final published month for Montrose, CO. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $454,500 |
| Median list price | $510,000 |
| Year-over-year price change | +6.3% |
| Median price per sq ft | $274/sq ft |
| Median days on market | 30 days |
| Active inventory | 150 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 98.5% |
| Homes sold (that month) | 42 |
| New listings (that month) | 62 |
| Listings with a price cut | 28.0% |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Montrose is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Montrose is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Montrose home prices moved?
Over the last three years the median sale price in Montrose, CO rose 10.2%, from $412,500 to $454,500. The live Zillow value series has rose 1.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 28.0% of Montrose listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 3.6 months while the sale-to-list ratio slips below its current 98.5%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Montrose?
Priced off the typical home value of $467,125 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $93,425 | $373,700 | $2,494/mo |
| 5% | $23,356 | $443,768 | $2,961/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,494, that implies roughly $106,876 a year before you add taxes and insurance. The median household in Montrose earns $63,177, about $43,699 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.4x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Montrose in the next 12 months?
Tell us your timeline. We send the Montrose market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Montrose?
Typical asking rent in Montrose, CO is $1,971/mo, against a typical home value of $467,125. That is a price-to-rent ratio of 19.8x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,494 a month — $523 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Montrose?
Active listings in Montrose, CO went from 107 in May 2025 to 150 in May 2026, a +40.2% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 105 | 46 |
| July 2025 | 117 | 56 |
| August 2025 | 126 | 46 |
| September 2025 | 117 | 43 |
| October 2025 | 111 | 27 |
| November 2025 | 105 | 25 |
| December 2025 | 106 | 30 |
| January 2026 | 117 | 38 |
| February 2026 | 120 | 40 |
| March 2026 | 135 | 59 |
| April 2026 | 131 | 49 |
| May 2026 | 150 | 62 |
Redfin, through May 2026
How does Montrose compare to Colorado and the U.S.?
Montrose homes sell for $454,500 — 26% below the Colorado median of $617,000. Against the national median of $410,700, Montrose runs 11% higher. Year-over-year, Montrose moved +6.3% against Colorado's +1.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Montrose, CO | $454,500 | +6.3% | 30 days |
| Colorado statewide | $617,000 | +1.3% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Montrose
What buyers should watch
- Months of supply, currently 3.6. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 28.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $468 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $467,125 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Montrose listing goes under contract in 30 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.5% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Montrose added 62 new listings against 42 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +1.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Montrose varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Montrose
There are currently 150 homes listed for sale in Montrose, Colorado. The median listing price is $510K. Featured listings range from $354,900 to $1,249,000.
New Listing
36
$418,000
1043 Margo Ct Apt D
Montrose, CO 81401
2 bd3 ba1,738 sqft$241/ft²
Townhouse2,614 sqft lot
Julia Seglund · Canyon Creek Realty, LLC
View photos & details
New Listing
25
$435,000
2105 Market St
Montrose, CO 81401
3 bd2 ba1,483 sqft$293/ft²
House6,534 sqft lot
Diana Atha Team · Keller Williams Colorado West Realty
View photos & details
New Listing
34
$455,000
301 Colonial Ct
Montrose, CO 81401
3 bd2 ba1,636 sqft$278/ft²
House8,276 sqft lot
Isaiah Perez · Keller Williams Realty Southwest Associates, LLC - Montrose
View photos & details
New Build
27
$456,000
1629 Fivemile Creek Ave
Montrose, CO 81401
3 bd2 ba1,456 sqft$313/ft²
House6,055 sqft lot
Elise Bowles · NextHome Virtual
View photos & details
30
$459,000
1427 Blue Creek Ave
Montrose, CO 81401
4 bd2 ba1,640 sqft$280/ft²
House6,534 sqft lot
Shawn Carroll · NEXTHOME VIRTUAL
View photos & details
New Listing
28
$499,900
1565 Hickory Dr
Montrose, CO 81401
3 bd2 ba1,637 sqft$305/ft²
House10,890 sqft lot
Peg Evanoika · CENTURY 21 Elevated Real Estate
View photos & details
New Listing
36
$499,900
1416 Colonial Dr
Montrose, CO 81401
4 bd2 ba1,930 sqft$259/ft²
House7,405 sqft lot
Dana Roesener · Phelps Real Estate Group
View photos & details
New Listing
29
$524,000
3712 Buffalo Ln
Montrose, CO 81403
3 bd2 ba1,647 sqft$318/ft²
House8,712 sqft lot
Diana Atha Team · Keller Williams Colorado West Realty
View photos & details
New Build
34
$534,000
1839 6429 Cir
Montrose, CO 81403
3 bd3 ba1,827 sqft$292/ft²
House8,712 sqft lot
Jennifer Thomas · NextHome Virtual
View photos & details
New Listing
45
$544,900
3856 Scarlet Ct
Montrose, CO 81401
2 bd3 ba1,665 sqft$327/ft²
House9,148 sqft lot
Linda Steil · Berkshire Hathaway HomeServices Colorado Properties
View photos & details
New Listing
38
$1,249,000
3802 Aspen Grove Ln
Montrose, CO 81401
4 bd3 ba2,604 sqft$480/ft²
House2.33 acres
Diana Atha Team · Keller Williams Colorado West Realty
View photos & details
Looking to buy in Montrose?
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Active listings
150
Homes on market
Median list price
$510K
Avg. days on market
30
Days until sale
New this week
62
Newly listed
Price drops:28.0%of listings
Sale-to-list:98.5%
How much do homes cost in Montrose by property type?
How the Montrose, CO market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $460,000 | $274/sq ft | 40 | 26 days |
| Condo / co-op | $220,000 | $267/sq ft | 1 | 78 days |
| Townhouse | $335,750 | $241/sq ft | 2 | 125 days |
Who lives in Montrose?
American Community Survey estimates for Montrose. U.S. Census ACS, 2023
Population
20,703
Households
8,748
Median income
$63,177/yr
Median age
45.9 years
Owner-occupied
69.8%
Median home value
$359,000
Median gross rent
$1,117/mo
Mean commute
21.1 min
69.8% of occupied homes in Montrose are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $359,000 against Zillow's $467,125 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,117/mo, below Zillow's $1,971/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Montrose?
13 schools tracked · 5,100 students
The largest public schools serving Montrose, CO by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Montrose High School
Grades 9-12 · 1,275 students
Centennial Middle School
Grades 6-8 · 555 students
Johnson Elementary School
Grades PK-5 · 528 students
Columbine Middle School
Grades 6-8 · 508 students
Cottonwood Elementary School
Grades K-5 · 412 students
Oak Grove Elementary School
Grades K-5 · 387 students
Northside Elementary School
Grades K-5 · 338 students
Pomona Elementary School
Grades K-5 · 328 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Montrose, CO?
Ordered by distance from Montrose, not by size. Compare Montrose side by side with any of them.
Which ZIP codes are in Montrose?
These are the ZIP codes we see on active Montrose listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Montrose housing market FAQ
Is Montrose a buyer's or seller's market?
Montrose, CO is currently a balanced market. That read comes from 3.6 months of supply, homes going under contract in about 30 days, and sellers getting 98.5% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Montrose?
The typical home in Montrose, CO is worth $467,125 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $454,500, about $274 per square foot.
Is Montrose cheaper than the rest of Colorado?
Montrose's median sale price of $454,500 is 26% lower than the Colorado statewide median of $617,000, and 11% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Montrose?
Homes in Montrose, CO spent a median of 30 days on market before going under contract, versus 35 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Montrose?
At the current 30-year fixed rate of 7.03%, 20% down on a $467,125 home is about $2,494 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $106,876 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $63,177.
Are home prices rising in Montrose?
The typical home value in Montrose, CO rose 1.1% over the last 12 months, from $461,970 to $467,125 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Montrose?
Montrose ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Montrose?
That depends on your timeline, not on a headline. What the data says today: Montrose, CO is a balanced market with 3.6 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.8x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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