Is Montrose, MN 55363 a buyer’s or seller’s market?

The Montrose housing market right now

In the three months ending August 31, 2026, 27% of homes in Montrose, MN 55363 sold above their list price, the typical home went under contract in 31 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 31%, homes sold more slowly (22 days then) and the median sale price rose 6% to $344,101. Overall, Montrose is less competitive than a year ago, which gives buyers more room.

Within Wright County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 55%. On our competition score, Montrose ranks #206 of 296 MN ZIP codes with enough sales (score 59 out of 100).

Nearby, buyers who want less competition could look at Delano 55328 (22% sold over asking) or Annandale 55302 (25% sold over asking), while Cokato 55321 (47% sold over asking) and Waverly 55390 (38% sold over asking) are even more competitive.