Montevideo, MN Foreclosures
Current Market Conditions in in Montevideo, MN As of February 2026?
Over the past month, Montevideo's real estate market has seen a slight increase in home prices, reflecting a growing interest among buyers. Inventory levels have remained stable, which helps ensure the market remains balanced. While some homes are selling faster due to competition, most properties continue to move at a moderate pace, suggesting a healthy market with opportunities for both buyers and sellers.
How much do homes sell for in Montevideo, MN?
The average home price is currently $240,700.
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 $3,213,134.
What is currently the cheapest priced home in Montevideo, MN?
The cheapest home for sale in Montevideo is priced at $11,721.
Living in Montevideo, MN
Montevideo, MN, is a charming small town renowned for its welcoming atmosphere and lush natural beauty. With a variety of outdoor activities available, strong community values, and convenient access to amenities, residents enjoy a fulfilling lifestyle. The town's engaging festivals and family-friendly events enhance its appeal for both current residents and prospective homebuyers.
Buyer vs Seller Market in Montevideo, MN
In recent months, the Montevideo real estate market has shown stability, with moderate price fluctuations and a steady demand for homes. Properties in desirable neighborhoods are receiving multiple offers, indicating a competitive market. The community's small-town charm combined with essential amenities continues to draw interest from buyers, helping maintain overall market momentum.
Overall, the Montevideo market has remained resilient despite broader economic challenges. New construction and renovation projects are visible, especially in family-oriented neighborhoods, attracting diverse buyers, including young families and retirees. The demand for single-family homes has remained strong, contributing to a positive outlook for future growth.
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 $181,383.00. 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 $240,700.00, with the most expensive house
in Montevideo, MN, topping out
at $3,213,134.00 and the cheapest home
in Montevideo, MN,
clocking in at $11,721.00. 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.
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