$4,031 Closing Credit*
$339,450
1,400 SqFt
3 Beds
•2 Full Baths
Listing Office: Kubes Realty Inc
Is Montgomery Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Montgomery Township has remained a Seller's Market.
Key Takeaway
Montgomery Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery Township, MN
How much do homes in Montgomery Township, MN cost?
Median Sold Price
$268,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$45,000(-14.4%)
Key Takeaway
Homes in Montgomery Township have sold for 14.4% less than they did a year ago.
Summary: The median home sold price in Montgomery Township was $268,000 in October 2024, down 14.4% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $280K | $212.5K | -24.1% |
| 3 Bedrooms | $299.9K | $270.7K | -9.7% |
| 4 Bedrooms | $324.9K | $396.4K | +22.0% |
| 5+ Bedrooms | $575K | $284.9K | -50.5% |
Summary: Montgomery Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.1%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 50.5%.
Median Sold Price Compared To Nearby Cities
| Montgomery | $310.5K | $266.2K | -14.3% |
| Montgomery Township | $313K | $268K | -14.4% |
Housing Supply in Montgomery Township, MN
How many homes are available in Montgomery Township, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 47 | +23.7% |
Summary: The Montgomery Township real estate market had 47 homes for sale in October 2024, a 23.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 5 | 10 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Montgomery Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery Township, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Montgomery Township in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 22 Days | -11.4% |
Summary: Homes in Montgomery Township had an average of 22 days on market in Oct 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Montgomery Township; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
