Montrose, CO 81401 Real Estate Market Report

ZIP Code: 81401
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Montrose, CO is characterized by a median sold price of $424,000, reflecting a slight downward trend in home values. This indicates a shift in market dynamics, as the neighborhood has decreased 8% since 2022. The median days on market has increased to 240, suggesting slower sales velocity and a potential shift towards a more balanced market where buyers may have increased negotiating power due to elevated inventory levels.

The median listing price stands at $492,950, which presents a notable gap compared to the median sold price, indicating potential pricing friction as sellers adjust expectations in response to market conditions. With a neutral market temperature and moderate interest rate pressure, the overall environment appears stable, but the increasing time properties spend on the market may indicate a cooling trend in buyer activity. Rental demand remains stable to warm, with a median market rent of $3,517.50, showing modest increases year-over-year, which may provide some support for overall housing demand in the area.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Montrose, CO are averaging 6.38%, which is 0.26% higher than the 6.12% average seen in early 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $424,000 indicates a market that is experiencing downward pressure on home values.

2. With a median days on market of 240, properties are taking longer to sell, suggesting slower sales velocity in the market.

3. The median listing price of $492,950 shows a significant gap from the median sold price, indicating potential pricing friction as sellers adjust to market realities.

4. The market temperature is currently neutral, suggesting a balanced environment but with signs of cooling activity.

5. Rental demand remains stable with a median market rent of $3,517.50, reflecting modest increases year-over-year.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.