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TRUMAN, MN 56088

Real Estate Market Report  ·  Martin County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The TRUMAN, MN real estate market (56088) currently shows 10 active listings, with 3 pending sales. Homes are averaging 138 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 138 days on market compared to 65 days last year.

The median listing price has fallen 28.1% year-over-year, from $161,250 to $116,000.

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Market Context

Market Context

Population: 2,062  ·  Density: 6.4/mi²  ·  Median household income: $69,009

Typical home value: $129,949  ·  Homeownership: 68.9%

Market Overview

Active Listings
10
⇩ 28.6% vs 14 last year
Pending
3
30% pending ratio
Median Price
$116,000
⇩ 28.1% vs $161,250 last year
Average Price
$123,943
⇩ 26.9% vs $169,659 last year
Days on Market
138
⇧ 112.3% vs 65 days last year

Price Per Square Foot

Median $/sqft
$78
⇩ 18.8% vs $96/sqft last year
Median Home Size
1,529 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 14 last year
  • Days on market: 138 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $116,000 (-28.1% YoY)
  • Average: $123,943 (-26.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.7 miles — 148 listings ($36,516,368 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56088Truman, MN 560880.0 mi12$2,455,260$210,000$204,605
56162Ormsby, MN 5616210.9 mi1$48,500$48,500$48,500
56181Welcome, MN 5618113.1 mi6$2,087,682$322,250$347,947
56031Fairmont, MN 5603114.1 mi50$14,723,900$259,600$294,478
56176Trimont, MN 5617614.2 mi6$1,312,950$167,400$218,825
56081Saint James, MN 5608114.6 mi29$6,002,159$190,950$206,971
56062Madelia, MN 5606215.4 mi5$1,374,500$309,900$274,900
56171Sherburn, MN 5617118.9 mi10$2,197,500$144,000$219,750
56121Ceylon, MN 5612121.5 mi2$260,000$130,000$130,000
56013Blue Earth, MN 5601322.3 mi21$4,279,149$199,450$203,769
56037Good Thunder, MN 5603724.0 mi4$1,379,868$406,900$344,967
56127Dunnell, MN 5612725.1 mi1$195,000$195,000$195,000
50531Dolliver, IA 5053126.7 mi1$199,900$199,900$199,900

Frequently Asked Questions

How many homes are for sale in TRUMAN, MN 56088?

As of September 2026, there are 10 active listings in TRUMAN, MN (zip code 56088), compared to 14 the prior year.

What is the median home price in TRUMAN, MN 56088?

The median listing price in TRUMAN, MN 56088 is $116,000 as of September 2026, a 28.1% decrease from $161,250 the prior year.

How long do homes stay on the market in TRUMAN, MN?

Homes in TRUMAN, MN 56088 spend an average of 138 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in TRUMAN, MN 56088?

Based on current inventory and days-on-market data as of September 2026, TRUMAN, MN 56088 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 138 days on market compared to 65 days last year.

How much can I save on real estate commission in TRUMAN, MN?

With SELL123.com's maximum 3% commission, sellers in TRUMAN, MN 56088 save an estimated $2,320 compared to a typical 5% commission on the median listing price of $116,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.