Market Intelligence Report — MN-140

Marshall, MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-08
As of the latest 2026 data
Cooling

Median Listing

$272K
+18.4% YoY

Pending Ratio

0.42
-15.5% YoY

Active Inventory

60
+42.9% YoY

Median DOM

58 Days
-21.2% YoY

Primary Intelligence Tool — Sold Score™

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The Marshall market is currently classified as Cooling, primarily driven by a pending ratio of 0.42. This indicates a contraction in demand relative to available inventory, with a year-over-year decline of 15.5% in the pending ratio underscoring this shift.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Marshall market right now.

Inventory levels have increased notably, with active listings rising by 42.9% year-over-year to 60 units, while new listings remained stable. Despite this supply growth, the median listing price has demonstrated resilience, up 18.4% over the past year to $272,250. However, the pending ratio, a key demand indicator, declined by 15.5% year-over-year, suggesting a slower pace of absorption. Median days on market decreased by 21.2% year-over-year to 58 days, indicating some efficiency in moving available stock despite the cooling demand.

Chris Colgan
Chris Colgan
eXp Realty

Local pricing and inventory dynamics across Marshall shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$272K-0.9% MoM

Active Inventory

60+42.9% YoY

Days on Market

58-21.2% YoY

Sold Score™

46-15.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

46
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The rising inventory and declining pending ratio suggest that negotiating leverage is gradually shifting. While properties are still moving, the increased supply may lead to a more measured pace of transactions and could incentivize greater price discipline on the part of sellers to facilitate absorption.

Luxury Segment

The average listing price of $320,170, compared to a median of $272,250, indicates some disparity across price points. The median $/sqft declined slightly by 1.2% year-over-year, suggesting some price softening within certain segments of the market, potentially impacting higher tiers more distinctly. No distinct luxury-segment signal in this dataset.

Supply Dynamics

60 active listings represent the current floor, with new supply arriving at roughly 20 per month.

Pricing Pressure
19.1%

of active listings carry a price reduction, +0.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.2% year-over-year.

Absorption
0.42

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Marshall, MN? Homes here are taking 16 days less to sell than last year.

Marshall, MN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
42%
Median Days on Market
58 days
Inventory YoY
+43%

Marshall, MN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score

Talk to a local listing expert covering Marshall, MN.

Chris Colgan

eXp Realty

How these recommendations are chosen →

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Metro Demographics

Metro Area
Marshall, MN
CBSA Code
32140
State
MN

Vetted Local Practitioners

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Analysis FAQ
  • What is the current market condition in Marshall?+

    As of the latest 2026 data, the Marshall metro is classified as Cooling. Pending ratio is 0.42 with median days on market at 58.

  • Are home prices dropping in Marshall?+

    Median listing price is $272K, +18.4% year over year. 19.1% of active listings carry a price reduction.

  • How fast are homes selling in Marshall?+

    The typical listing sits 58 days on market, a -21.2% change YoY. New listings are arriving at 20 per month.

  • What's happening in the Marshall luxury market?+

    The average listing price of $320,170, compared to a median of $272,250, indicates some disparity across price points. The median $/sqft declined slightly by 1.2% year-over-year, suggesting some price softening within certain segments of the market, potentially impacting higher tiers more distinctly. No distinct luxury-segment signal in this dataset.

  • Where can I find a trusted Marshall real estate expert?+

    Primpted maintains a vetted registry of Marshall agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 32140 · 36mo history