Is Montgomery, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Montgomery was a Seller's Market.
Housing Prices in Montgomery, MN
How much do homes in Montgomery, MN cost?
Median Sold Price
$289,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery was $289,000 in April 2024, up 1.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $206.7K | $266K | +28.7% |
3 Bedrooms | $310K | $266.5K | -14.0% |
4 Bedrooms | $306.7K | $332.4K | +8.4% |
5+ Bedrooms | $558.2K | $557K | -0.2% |
Summary: Montgomery housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.7%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $285K | $289.5K | +1.6% |
Montgomery | $285K | $289K | +1.4% |
Housing Supply in Montgomery, MN
How many homes are available in Montgomery, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The Montgomery real estate market had 29 homes for sale in April 2024, a 3.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 22 | 24 | +9.1% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Montgomery housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Montgomery in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 21 Days | +11.1% |
Summary: Homes in Montgomery had an average of 21 days on market in Apr 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Montgomery; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.