Is Marshall County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Marshall County was a Seller's Market.
Key Takeaway
Marshall County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Marshall County, MN
How much do homes in Marshall County, MN cost?
Median Sold Price
$165,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Marshall County have sold for 17% more than they did a year ago.
Summary: The median home sold price in Marshall County was $165,000 in March 2024, up 17% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $13K | -84.7% |
| 2 Bedrooms | $117K | $88K | -24.8% |
| 3 Bedrooms | $148K | $169K | +14.2% |
| 4 Bedrooms | $304.9K | $268K | -12.1% |
| 5+ Bedrooms | - | $168K | N/A |
Summary: Marshall County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.7%, 2 bedroom homes decreased by 24.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Marshall County | $141K | $165K | +17.0% |
| Pennington County | $170K | $175K | +2.9% |
Housing Supply in Marshall County, MN
How many homes are available in Marshall County, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Marshall County real estate market had 10 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Marshall County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Marshall County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Marshall County in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marshall County, MN
How long does it take to sell a home in Marshall County, MN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 144 Days | 183 Days | +26.4% |
Summary: Homes in Marshall County had an average of 183 days on market in Mar 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Marshall County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in Marshall County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
