Is Montgomery, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Montgomery has remained a Seller's Market.
Housing Prices in Montgomery, MN
How much do homes in Montgomery, MN cost?
Median Sold Price
$292,500
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery was $292,500 in March 2024, up 1.9% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $273.3K | +27.1% |
3 Bedrooms | $295K | $272.5K | -7.6% |
4 Bedrooms | $311K | $332.4K | +6.9% |
5+ Bedrooms | $481.2K | $557K | +15.7% |
Summary: Montgomery housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.1%, 3 bedroom homes decreased by 7.6%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $287K | $295K | +2.8% |
Montgomery | $287K | $292.5K | +1.9% |
Housing Supply in Montgomery, MN
How many homes are available in Montgomery, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Summary: The Montgomery real estate market had 28 homes for sale in March 2024, a 3.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 24 | 22 | -8.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Montgomery housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Montgomery in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Montgomery, MN
How long does it take to sell a home in Montgomery, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 34 Days | +20.6% |
Summary: Homes in Montgomery had an average of 34 days on market in Mar 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Montgomery; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.