Explore Similar Condos Within 25 Miles of Montevideo, MN
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Why Live in Montevideo
Montevideo is a Minnesota city surrounded by farms, prairies and crop fields. The rural center offers a peaceful, quiet life that attracts people from the traffic and noise of larger areas. "It's a friendly and family oriented community," says Bruce Vien, a Realtor co-owner of Kuhlmann Real Estate, Inc. "Many residents are born and raised in Montevideo, go away for college and work experience and then come back for that small-town feeling to raise a family." He says people move to the city because of its relaxed atmosphere, events, outdoor spaces and diverse community. Home styles are on the older side, as there is limited demand for new housing. "The population is stable with an almost even number of people leaving and coming in," Vien says. "There are some apartments, though. When downsizers move into the apartments, it opens the single-family homes for a new round of people." Victorian cottages, Cape Cods and bungalows range from $70,000 to $160,000, although some needing repairs have sold for less. Ranch-style homes, split-levels and Colonial Revivals from decades ago are the area's more modern styles, selling between $170,000 and $400,000. Children attend four schools from
Home Trends in Montevideo, MN
On average, homes in Montevideo, MN sell after 91 days on the market compared to the national average of 50 days. The median sale price for homes in Montevideo, MN over the last 12 months is $178,000, up 4% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$178,000
Median Single Family Sale Price
$185,000
Average Price Per Sq Ft
$114
Number of Homes for Sale
31
Last 12 months Home Sales
81
Months of Supply
4.60
Median List Price
$187,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%