Is Marshall, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshall is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Marshall was a Seller's Market.

Key Takeaway

Marshall is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.

Key Takeaway

The sold price of homes in Marshall has remained the same since last year.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $186.2K$145K
-22.1%
2 $171.2K$172.5K
+0.7%
3 $200K$176K
-12.0%
4 $224.5K$260K
+15.8%
5+ $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 2024Feb 2024CHANGE
2332+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1214
+16.7%
4 914
+55.6%
5+ 01
+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 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshall, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

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 2023Feb 2024CHANGE
30 Days32 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marshall are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Marshall, MN

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