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Featured local agent — Montrose, MN
Sarah Mitchell
Compass Real Estate · Montrose, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montrose, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$258,200median sale price
How is the Montrose, MN housing market right now?
The median home sale price in Montrose, MN is $258,200, down 8.8% year-over-year. Homes sell in an average of 27 days with 20 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 Montrose a buyer's or seller's market?
Montrose, MN is currently a seller's market, based on 2.5 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
8
Last 12 weeks
Days on market
27
Average pace
Active listings
20
2.5 months supply
Sale-to-list
99.2%
Below asking
What does the Montrose housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $258,200 |
| Median list price | $274,900 |
| Year-over-year price change | -8.8% |
| Average days on market | 27 days |
| Active inventory | 20 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 8 |
| New listings (latest month) | 7 |
| Listings with a price cut | 30.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Montrose by property type?
How the Montrose, 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 | $328,000 | $196/sq ft | 3 | 21 days |
| Condo / Co-op | $117,500 | $132/sq ft | 1 | 89 days |
| Townhouse | $250,000 | $154/sq ft | 5 | 34 days |
Source: Redfin · Updated monthly
The Montrose housing market is currently classified as a seller's market with a median sale price of $258,200. Prices have fallen 8.8% compared to last year, with homes spending an average of 27 days on market, indicating 2.5 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 3.3x provides context for how home values compare to local earning capacity.
Homes for sale in Montrose
There are currently 20 homes listed for sale in Montrose, Minnesota. The median listing price is $275K.
Active listings
20
Homes on market
Median list price
$275K
Avg. days on market
27
Days until sale
New this week
7
Newly listed
Who lives in Montrose?
Population
3,840
Median income
$98,832/yr
Median age
34.7 years
Owner-occupied
77.3%
College grads
27.5%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Montrose?
Zillow home value
$327,037
Price-to-income
3.3x
Source: Zillow Research
What is it like to live in Montrose?
Montrose is a community of approximately 4K residents with a median age of 34.7 years.The median household income is $98,832, which reflects a relatively affluent area with strong earning potential. 27.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Montrose offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Montrose?
1 schools tracked · 357 students
The largest public schools serving Montrose, 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.
Montrose Elementary School of Innov
Grades PK-5 · 357 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, MN?
Want a head-to-head view? Compare Montrose side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Montrose?
The median home sale price in Montrose is $258,200, down 8.8% from last year.
How long do homes stay on market in Montrose?
Homes typically spend 27 days on market before going under contract.
What is the median income in Montrose?
The median household income is $98,832 per year.
Is Montrose a buyer's or seller's market?
With 2.5 months of supply, Montrose is currently a seller's market.
What is the Zillow home value estimate for Montrose?
The Zillow Home Value Index (ZHVI) for Montrose is $327,037, representing the typical home value in the area.
What is the median condo price in Montrose?
The median condo/co-op sale price in Montrose, MN is $117,500, compared to $328,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Montrose?
The median single-family home price in Montrose, MN is $328,000 (about $196 per square foot).
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