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

Montrose is currently a seller's market with 2.5 months of supply. Homes are selling at 96.5% of list price. The Ridley Sell Score for Montrose is 47/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Montrose?

The median home price in Montrose is $315,000. The median price per square foot is $263. Homes sell in a median of 225 days with a sale-to-list ratio of 96.5%.

How much does it cost to sell a home in Montrose, South Dakota?

On a $315,000 home in Montrose, a traditional listing agent charges around $9,450 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $25,200 or more. With Ridley Essentials ($999) you save $8,451, and with Ridley Pro ($3,499) you save $5,951 while getting full agent support.

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

A traditional Montrose listing agent typically charges 3% of the sale price — about $9,450 on a $315,000 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 $8,451–$5,951 compared to a traditional agent.

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

The median home in Montrose currently spends 225 days on the market before going under contract. At a 96.5% sale-to-list ratio, sellers are seeing some negotiation. Only 20% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in South Dakota?

No. South Dakota 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 $315,000 home, that could save you up to $5,951.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in South Dakota. 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 $9,450 commission.

National/South Dakota

Montrose, SD

Is Now a Good Time to Sell in Montrose, South Dakota?

The median home in Montrose sells for $315,000. The average seller pays $9,450 in commissions — Ridley’s flat fee saves you $5,951.

Montrose Real Estate Market Conditions — March 2026

47out of 100

Ridley Sell Score

How it's scored →

Cooling

47/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Montrose market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessFavors sellers

2.5 months of supply — below the 5-month balanced threshold — 26% below the South Dakota average of 3.4.

Price MomentumNeutral

Prices flat 0% year-over-year — vs. +9.8% statewide.

Seller LeverageFavors buyers

Homes selling at 96.5% of asking — buyers are negotiating 3.5% below list. South Dakota average is 97.2%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the South Dakota average of 13.7%.

Sale SpeedFavors buyers

225 median days on market — 135 days slower than the South Dakota average.

Market UrgencyFavors buyers

0% of listings go pending within 2 weeks — vs. 13% statewide.

Price StabilityNeutral

20% of listings have dropped their price. South Dakota average is 12.3%.

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.

$315,000

Days on Market

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

225

Price per Sq Ft

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

$263

Sale-to-List Ratio

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

96.5%

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.

2.5

Seller’s market

Competitiveness

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

Somewhat Competitive

Price Drops

Percentage of active listings that had a price reduction.

20%

Pricing matters

12-Month Price Trend

$60,000 → $315,000

▲425.0%

$300K$200K$100K

AprJunAugOctDecFebMar

Data updated March 2026

Get AI-powered market intelligence

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

Your savings

How much can you save selling your home in Montrose?

The average Montrose homeowner saves $5,951 by selling with Ridley instead of paying the traditional 3% listing commission on a $315,000 home.

$0Estimated savings

That's 6 months of groceries — save 1.9% of your home value

Your Montrose home value

$315,000

$50,000$10M

Traditional Agent (3%)

$9,450

Ridley Pro (flat fee)

$3,499

Ready to sell in Montrose?

Get a personalized selling strategy with AI-powered pricing analysis

Get Your Selling Strategy

Cost comparison

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

The total cost to sell a house in Montrose in 2026 ranges from $999 with Ridley Essentials to approximately $9,450 with a traditional 3% commission on a $315,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$9,450	$3,499	$999	$0
Buyer agent	$8,8202.8% avg	$6,300~2% avg	$6,300~2% avg	$8,8202.8% avg
Closing costs (~1.5%)	$4,725	$4,725	$4,725	$4,725
Total cost	$22,995	$14,524	$12,024	$13,545
Net proceeds	$292,005	$300,476	$302,976	$301,455
You save	—	$5,951	$8,451	$9,450No support