$4,156 Closing Credit*
$350,000
1,400 SqFt
3 Beds
•1 Full Bath
Listing Office: RE/MAX Advantage Plus
Is Montgomery Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Montgomery Township was a Seller's Market.
Key Takeaway
Montgomery Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montgomery Township, MN
How much do homes in Montgomery Township, MN cost?
Median Sold Price
$266,250
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$49,250(-15.6%)
Key Takeaway
Homes in Montgomery Township have sold for 15.6% less than they did a year ago.
Summary: The median home sold price in Montgomery Township was $266,250 in November 2024, down 15.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $284.5K | $205K | -27.9% |
| 3 Bedrooms | $299.9K | $273.2K | -8.9% |
| 4 Bedrooms | $320K | $396.4K | +23.9% |
| 5+ Bedrooms | $585K | $267.4K | -54.3% |
Summary: Montgomery Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 27.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes decreased by 54.3%.
Median Sold Price Compared To Nearby Cities
| Montgomery Township | $315.5K | $266.2K | -15.6% |
| Montgomery | $315.5K | $264.5K | -16.2% |
Housing Supply in Montgomery Township, MN
How many homes are available in Montgomery Township, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 40 | -9.1% |
Summary: The Montgomery Township real estate market had 40 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montgomery Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery Township, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Montgomery Township in November 2024, down by 37.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Montgomery Township, MN
How long does it take to sell a home in Montgomery Township, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 29 Days | -25.0% |
Summary: Homes in Montgomery Township had an average of 29 days on market in Nov 2024, down by 25% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Montgomery Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
