Is Marshall, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Marshall was a Seller's Market.
Housing Prices in Marshall, MN
How much do homes in Marshall, MN cost?
Median Sold Price
$210,000
$113/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since February 2023.
Summary: The median home sold price in Marshall was $210,000 in February 2024, the same as last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.2K | $145K | -22.1% |
2 Bedrooms | $171.2K | $172.5K | +0.7% |
3 Bedrooms | $200K | $176K | -12.0% |
4 Bedrooms | $224.5K | $260K | +15.8% |
5+ Bedrooms | $325K | $260K | -20.0% |
Summary: Marshall housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes increased by 0.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 20%.
Housing Supply in Marshall, MN
How many homes are available in Marshall, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Summary: The Marshall real estate market had 32 homes for sale in February 2024, a 39.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Marshall housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Marshall in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.
Days on Market for Marshall, MN
How long does it take to sell a home in Marshall, MN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +6.7% |
Summary: Homes in Marshall had an average of 32 days on market in Feb 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Marshall; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.