Is Monticello a buyer's or seller's market right now?

Monticello is currently a seller's market with 2.6 months of supply. 28.6% of homes sell above asking price, and 37.5% go pending within two weeks. The Ridley Sell Score for Monticello is 52/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Monticello?

The median home price in Monticello is $290,000, down 21% year-over-year. The median price per square foot is $181. Homes sell in a median of 62 days with a sale-to-list ratio of 98.8%.

How much does it cost to sell a home in Monticello, Minnesota?

On a $290,000 home in Monticello, a traditional listing agent charges around $8,700 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $23,200 or more. With Ridley Essentials ($999) you save $7,701, and with Ridley Pro ($3,499) you save $5,201 while getting full agent support.

How does Ridley's flat fee compare to a traditional Monticello agent?

A traditional Monticello listing agent typically charges 3% of the sale price — about $8,700 on a $290,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $7,701–$5,201 compared to a traditional agent.

How long does it take to sell a home in Monticello?

The median home in Monticello currently spends 62 days on the market before going under contract. 37.5% of homes go pending within two weeks. At a 98.8% sale-to-list ratio, sellers are seeing some negotiation. Only 19.4% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Minnesota?

No. Minnesota does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $290,000 home, that could save you up to $5,201.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Minnesota. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $8,700 commission.

National/Minnesota

Monticello, MN

Is Now a Good Time to Sell in Monticello, Minnesota?

The median home in Monticello sells for $290,000 with prices down 21% year-over-year. The average seller pays $8,700 in commissions — Ridley’s flat fee saves you $5,201.

Monticello Real Estate Market Conditions — March 2026

52out of 100

Ridley Sell Score

How it's scored →

Moderate

52/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Monticello market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessFavors sellers

2.6 months of supply — below the 5-month balanced threshold — 10% below the Minnesota average of 2.9.

Price MomentumFavors buyers

Prices down 21% year-over-year — vs. -0.8% statewide.

Seller LeverageNeutral

Homes selling at 98.8% of asking — buyers are negotiating 1.2% below list. Minnesota average is 98.4%.

Bidding ActivityNeutral

28.6% of homes selling above list price — 24% above the Minnesota average of 23.1%.

Sale SpeedNeutral

62 median days on market — 5 days slower than the Minnesota average.

Market UrgencyFavors sellers

37.5% of listings go pending within 2 weeks — vs. 33.1% statewide.

Price StabilityNeutral

19.4% of listings have dropped their price. Minnesota average is 27.3%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$290,000

-21%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$181

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

98.8%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

2.6

Seller’s market

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

28.6%

Moderate demand

Price Drops

Percentage of active listings that had a price reduction.

19.4%

Well-priced market

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

37.5%

Moderate pace

12-Month Price Trend

$315,500 → $290,000

▼8.1%

$340K$320K$300K

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Monticello — delivered monthly.

Your savings

How much can you save selling your home in Monticello?

The average Monticello homeowner saves $5,201 by selling with Ridley instead of paying the traditional 3% listing commission on a $290,000 home.

$0Estimated savings

That's 6 months of groceries — save 1.8% of your home value

Your Monticello home value

$290,000

$50,000$10M

Traditional Agent (3%)

$8,700

Ridley Pro (flat fee)

$3,499

Ready to sell in Monticello?

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Cost comparison

How much does it cost to sell a house in Monticello?

The total cost to sell a house in Monticello in 2026 ranges from $999 with Ridley Essentials to approximately $8,700 with a traditional 3% commission on a $290,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$8,700	$3,499	$999	$0
Buyer agent	$8,1202.8% avg	$5,800~2% avg	$5,800~2% avg	$8,1202.8% avg
Closing costs (~1.5%)	$4,350	$4,350	$4,350	$4,350
Total cost	$21,170	$13,649	$11,149	$12,470
Net proceeds	$268,830	$276,351	$278,851	$277,530
You save	—	$5,201	$7,701	$8,700No support