Is Montrose, IA 52639 a buyer’s or seller’s market?
Montrose is a seller’s market. With about 1.4 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Montrose housing market right now
In the three months ending August 31, 2026, 22% of homes in Montrose, IA 52639 sold above their list price, the typical home went under contract in 39 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (30 days then) and the median sale price rose 72% to $219,905. Overall, Montrose is more competitive than a year ago, so tougher for buyers.
Within Lee County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Wever 52658 (0% sold over asking) or Farmington 52626 (0% sold over asking), while West Point 52656 (25% sold over asking) is even more competitive.
Run the numbers for 52639
Nearby markets
Donnellson 52625Buyer’s market $125 /sq ftFarmington 52626Seller’s market $160 /sq ftFort Madison 52627Balanced $85 /sq ftKeokuk 52632Balanced $79 /sq ft Browse all markets →Towns like Montrose nearby
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Questions about Montrose real estate
Is Montrose a buyer’s or seller’s market?
A seller’s market: there were 1.4 months of supply in Montrose, IA 52639 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Montrose?
The typical home went under contract in 39 days in the latest three months.
Do homes in Montrose sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.
What are property taxes in Montrose?
About 1.38% of a home’s value a year in Lee County, or roughly $5,520 on a $400,000 home.
What is the median home price in Montrose?
The median sale price was $219,905 in the three months ending August 31, 2026, about $103 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology