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Featured local agent — Montgomery, MN
Sarah Mitchell
Compass Real Estate · Montgomery, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montgomery, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Montgomery, MN housing market right now?
The median home sale price in Montgomery, MN is $295,000, down 4.9% year-over-year. Homes sell in an average of 18 days with 25 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Montgomery a buyer's or seller's market?
Montgomery, MN is currently a seller's market, based on 2.3 months of supply and homes selling in about 18 days. How we determine this →
Homes sold
11
Last 12 weeks
Days on market
18
Fast-moving
Active listings
25
2.3 months supply
Sale-to-list
99.6%
Below asking
What does the Montgomery housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $289,950 |
| Year-over-year price change | -4.9% |
| Average days on market | 18 days |
| Active inventory | 25 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.6% |
| Median price per sq ft | $164/sq ft |
| Homes sold (latest month) | 11 |
| New listings (latest month) | 16 |
| Listings with a price cut | 32.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Montgomery by property type?
How the Montgomery, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $300,500 | $186/sq ft | 8 | 15 days |
| Townhouse | $266,750 | $155/sq ft | 2 | 223 days |
Source: Redfin · Updated monthly
The Montgomery housing market is currently classified as a seller's market with a median sale price of $295,000. Prices have fallen 4.9% compared to last year, with homes spending an average of 18 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.5x provides context for how home values compare to local earning capacity.
Homes for sale in Montgomery
There are currently 25 homes listed for sale in Montgomery, Minnesota. The median listing price is $290K.
Active listings
25
Homes on market
Median list price
$290K
Avg. days on market
18
Days until sale
New this week
16
Newly listed
Who lives in Montgomery?
Population
3,366
Median income
$74,018/yr
Median age
39.1 years
Owner-occupied
80.9%
College grads
20.3%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Montgomery?
Zillow home value
$329,522
Price-to-income
4.5x
Source: Zillow Research
What is it like to live in Montgomery?
Montgomery is a community of approximately 3K residents with a median age of 39.1 years.The median household income is $74,018, which represents a working-class community with solid middle-income opportunities. 20.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Montgomery offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Montgomery?
2 schools tracked · 1,220 students
The largest public schools serving Montgomery, MN 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.
TRI-CITY UNITED HIGH SCHOOL
Grades 9-12 · 614 students
MONTGOMERY PRE K-8
Grades PK-8 · 606 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 Montgomery, MN?
Want a head-to-head view? Compare Montgomery side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Montgomery?
The median home sale price in Montgomery is $295,000, down 4.9% from last year.
How long do homes stay on market in Montgomery?
Homes typically spend 18 days on market before going under contract.
What is the median income in Montgomery?
The median household income is $74,018 per year.
Is Montgomery a buyer's or seller's market?
With 2.3 months of supply, Montgomery is currently a seller's market.
What is the Zillow home value estimate for Montgomery?
The Zillow Home Value Index (ZHVI) for Montgomery is $329,522, representing the typical home value in the area.
How much does a single-family home cost in Montgomery?
The median single-family home price in Montgomery, MN is $300,500 (about $186 per square foot).
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