Is Marshall Township, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Marshall Township has remained a Seller's Market.
Housing Prices in Marshall Township, MN
How much do homes in Marshall Township, MN cost?
Median Sold Price
$220,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marshall Township was $220,000 in April 2024, up 8.6% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116.2K | - | N/A |
2 Bedrooms | $153K | $189.9K | +24.1% |
3 Bedrooms | $192.4K | $185.4K | -3.7% |
4 Bedrooms | $224.7K | $255K | +13.5% |
5+ Bedrooms | $326K | $260K | -20.2% |
Summary: Marshall Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 20.2%.
Housing Supply in Marshall Township, MN
How many homes are available in Marshall Township, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 48 | +29.7% |
Summary: The Marshall Township real estate market had 48 homes for sale in April 2024, a 29.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marshall Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Marshall Township in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Marshall Township, MN
How long does it take to sell a home in Marshall Township, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 44 Days | -29.6% |
Summary: Homes in Marshall Township had an average of 44 days on market in Apr 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Marshall Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.