Montevideo, MN Foreclosures
How much do homes sell for in Montevideo, MN?
The average home price is currently $243,468.
In Montevideo, MN, how many homes are available?
There are currently 7 active home listings available in Montevideo.
What’s the average rental cost in Montevideo, MN?
The average rental price in Montevideo is $1,127.
What is the most expensive home in Montevideo?
The most expensive home sold in Montevideo had a price of $4,454,032.
What is currently the cheapest priced home in Montevideo, MN?
The cheapest home for sale in Montevideo is priced at $11,733.
Living in Montevideo, MN
Montevideo, MN, is a quaint city known for its friendly community, beautiful parks, and quality schools. Nestled along the Minnesota River, it offers a variety of outdoor activities and local events that bring residents together, making it a wonderful place to live and raise a family.
Current Market Conditions in Montevideo, MN
The real estate market in Montevideo, MN, is currently stable, with a healthy balance between supply and demand. Homes are selling at a consistent pace, making it an attractive time for both buyers and sellers. The area continues to draw interest due to its affordability and quality of life, leading to increasing home values.
Interest from first-time homebuyers has been rising, which has created a competitive market for entry-level homes. On the other hand, the luxury segment remains less active, making it a good opportunity for buyers looking for larger, higher-end properties.
Home Value Estimator For Montevideo, MN
There are currently 2,975 real estate properties
in Montevideo, MN,
with a median automated valuation model (AVM) price
of $181,901.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Montevideo, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Montevideo, MN,
is $243,468.00, with the most expensive house
in Montevideo, MN, topping out
at $4,454,032.00 and the cheapest home
in Montevideo, MN,
clocking in at $11,733.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Montevideo, MN!
Rent Prices
In Montevideo, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Montevideo, MN, is on
a rollercoaster ride. The
average rent price in Montevideo, MN,
is $1,127.00. Indeed, when looking to rent in
Montevideo, MN, you can expect to pay as little
as $450.00 or as much
as $2,280.00,
with the average rent median estimated to
be $1,100.00. The good news is that finding
an affordable and desirable property to rent in Montevideo, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
