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Featured local agent — Monticello, MN
Sarah Mitchell
Compass Real Estate · Monticello, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monticello, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$354,000median sale price
How is the Monticello, MN housing market right now?
The median home sale price in Monticello, MN is $354,000, up 10.3% year-over-year. Homes sell in an average of 20 days with 42 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 Monticello a buyer's or seller's market?
Monticello, MN is currently a seller's market, based on 1.8 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
23
Last 12 weeks
Days on market
20
Fast-moving
Active listings
42
1.8 months supply
Sale-to-list
99.3%
Below asking
What does the Monticello housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $354,000 |
| Median list price | $339,900 |
| Year-over-year price change | +10.3% |
| Average days on market | 20 days |
| Active inventory | 42 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $193/sq ft |
| Homes sold (latest month) | 23 |
| New listings (latest month) | 29 |
| Listings with a price cut | 52.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Monticello by property type?
How the Monticello, 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 | $366,000 | $208/sq ft | 17 | 21 days |
| Townhouse | $261,000 | $139/sq ft | 6 | 20 days |
Source: Redfin · Updated monthly
The Monticello housing market is currently classified as a seller's market with a median sale price of $354,000. Prices have risen 10.3% compared to last year, with homes spending an average of 20 days on market, indicating 1.8 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 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Monticello
There are currently 42 homes listed for sale in Monticello, Minnesota. The median listing price is $340K.
Active listings
42
Homes on market
Median list price
$340K
Avg. days on market
20
Days until sale
New this week
29
Newly listed
Who lives in Monticello?
Population
14,607
Median income
$81,563/yr
Median age
33.7 years
Owner-occupied
64.9%
College grads
23.5%
Avg commute
28.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Monticello?
Zillow home value
$334,457
Zillow rent index
$1,623/mo
Price-to-rent ratio
17.2x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Monticello?
Monticello is a community of approximately 15K residents with a median age of 33.7 years.The median household income is $81,563, which reflects a relatively affluent area with strong earning potential. 23.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 64.9%, showing a blend of owner and renter-occupied properties. The average commute time is 28.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Monticello offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monticello?
20 schools tracked · 4,461 students
The largest public schools serving Monticello, 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.
MONTICELLO SENIOR HIGH
Grades 9-12 · 1,330 students
MONTICELLO MIDDLE
Grades 6-8 · 942 students
PINEWOOD ELEMENTARY
Grades 1-5 · 790 students
LITTLE MOUNTAIN ELEMENTARY
Grades 1-5 · 598 students
Eastview Education Center
Grades PK-K · 326 students
Swan River Montessori Charter Sch
Grades K-6 · 162 students
Eastview Elementary School - SNW
Grades PK · 72 students
882 Online 6-12
Grades 6-12 · 67 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 Monticello, MN?
Want a head-to-head view? Compare Monticello side-by-side with any other U.S. city using our market-comparison tool.
Is Monticello a good real estate investment market?
For investors evaluating Monticello, the price-to-rent ratio of 17.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 10.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Monticello's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Monticello's median home price.
Frequently asked questions
What is the average home price in Monticello?
The median home sale price in Monticello is $354,000, up 10.3% from last year.
How long do homes stay on market in Monticello?
Homes typically spend 20 days on market before going under contract.
What is the median income in Monticello?
The median household income is $81,563 per year.
Is Monticello a buyer's or seller's market?
With 1.8 months of supply, Monticello is currently a seller's market.
What is the Zillow home value estimate for Monticello?
The Zillow Home Value Index (ZHVI) for Monticello is $334,457, representing the typical home value in the area.
How much does a single-family home cost in Monticello?
The median single-family home price in Monticello, MN is $366,000 (about $208 per square foot).
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