Getting a home lined up in Montgomery, MN - March 2026

Over the previous 30 days, a typical asking price for newly listed homes was $330,000, while homes still available recently carried a typical asking price of $368,900. Homes already under contract sat higher at $372,450. Not reported. I read that as a market where the lower entry point is showing up with fresh listings, while many of the homes still on the market or already spoken for are priced above that level. That gap matters if you are trying to buy without chasing every house you see. In Montgomery, MN, recent supply of 5 months gives you room to compare homes more carefully, and the typical estimated home value recently was $286,780 after a 1.2% monthly change and a 5.1% 12-month change. I would not treat every list price as interchangeable. A new listing near the recent $330,000 mark deserves a different strategy than an active home closer to $368,900 or a pending one near $372,450. Start by setting a firm comfort range before you tour anything, using the recent $330,000 to $372,450 spread as your reality check. Compare each home against the current active price level, not just the lowest asking price you spot. Keep your financing and timeline ready so you can act when a well-positioned home appears, but do not rush past your budget just because a property is already attracting attention. If you also need to sell before you move, I would line up that timing now so one decision does not weaken the other.