Is Montreal, WI 54550 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Montreal is a seller’s market. With about 1.9 months of supply and 20% 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.

Months of supply1.9Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list98.9%Sold price ÷ list price
Median days on market49Listing to accepted offer
Median price per sq ft$118▼ −4.4% vs. last year

The Montreal housing market right now

In the three months ending August 31, 2026, 20% of homes in Montreal, WI 54550 sold above their list price, the typical home went under contract in 49 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 50%, homes sold faster (52 days then) and the median sale price rose 23% to $184,920. Overall, Montreal is less competitive than a year ago, which gives buyers more room.

Within Iron County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%.

Nearby, buyers who want less competition could look at Upson 54565 (0% sold over asking) or Saxon 54559 (0% sold over asking), while Mercer 54547 (33% sold over asking) is even more competitive.

Nearby markets

Gile 54525Balanced $71 /sq ftHurley 54534Balanced $121 /sq ftIron Belt 54536 — /sq ftMercer 54547Balanced $296 /sq ft Browse all markets →

Where Montreal is

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Questions about Montreal real estate

Is Montreal a buyer’s or seller’s market?

A seller’s market: there were 1.9 months of supply in Montreal, WI 54550 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 Montreal?

The typical home went under contract in 49 days in the latest three months.

Do homes in Montreal sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 98.9% of the list price.

What are property taxes in Montreal?

About 1.07% of a home’s value a year in Iron County, or roughly $4,280 on a $400,000 home.

What is the median home price in Montreal?

The median sale price was $184,920 in the three months ending August 31, 2026, about $118 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