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Featured local agent — Montrose, SD
Sarah Mitchell
Compass Real Estate · Montrose, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montrose, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$275,000median sale price
How is the Montrose, SD housing market right now?
The median home sale price in Montrose, SD is $275,000, down 28.6% year-over-year. Homes sell in an average of 137 days with 3 active listings. The market is currently a balanced 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, SD is currently a balanced market, based on 3.0 months of supply and homes selling in about 137 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
137
Average pace
Active listings
3
3.0 months supply
Sale-to-list
101.1%
Above asking
What does the Montrose housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $389,900 |
| Year-over-year price change | -28.6% |
| Average days on market | 137 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 101.1% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 1 |
| Listings with a price cut | 33.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Montrose by property type?
How the Montrose, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $275,000 | $142/sq ft | 1 | 137 days |
Source: Redfin · Updated monthly
The Montrose housing market is currently classified as a balanced market with a median sale price of $275,000. Prices have fallen 28.6% compared to last year, with homes spending an average of 137 days on market, indicating 3.0 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Montrose
There are currently 3 homes listed for sale in Montrose, South Dakota. The median listing price is $390K.
Active listings
3
Homes on market
Median list price
$390K
Avg. days on market
137
Days until sale
New this week
1
Newly listed
Who lives in Montrose?
Population
514
Median income
$86,000/yr
Median age
39.3 years
Owner-occupied
72.3%
College grads
25.4%
Avg commute
28.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Montrose?
Zillow home value
$399,253
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Montrose?
Montrose is a community of approximately 1K residents with a median age of 39.3 years.The median household income is $86,000, which reflects a relatively affluent area with strong earning potential. 25.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Montrose offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Montrose?
4 schools tracked · 265 students
The largest public schools serving Montrose, SD 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 - 02
Grades PK-5 · 117 students
Montrose High School - 01
Grades 9-12 · 57 students
Montrose Middle School - 03
Grades 6-8 · 52 students
Orland Colony Elementary - 04
Grades K-8 · 39 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, SD?
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 $275,000, down 28.6% from last year.
How long do homes stay on market in Montrose?
Homes typically spend 137 days on market before going under contract.
What is the median income in Montrose?
The median household income is $86,000 per year.
Is Montrose a buyer's or seller's market?
With 3.0 months of supply, Montrose is currently a balanced market.
What is the Zillow home value estimate for Montrose?
The Zillow Home Value Index (ZHVI) for Montrose is $399,253, representing the typical home value in the area.
How much does a single-family home cost in Montrose?
The median single-family home price in Montrose, SD is $275,000 (about $142 per square foot).
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