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Downtown Marshall (Main Street)

MARSHALL, MN 56258

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 56258

Downtown Marshall (Main Street)

Market Analysis

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

The MARSHALL, MN real estate market (56258) currently shows 25 active listings, with 16 pending sales. Homes are averaging 123 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 123 days on market compared to 64 days last year.

The median listing price has fallen 18.7% year-over-year, from $215,000 to $174,900.

Whether you are buying or selling in MARSHALL, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 15,593  ·  Density: 31.1/mi²  ·  Median household income: $65,903

Typical home value: $198,434  ·  Homeownership: 61.9%

Market Overview

Active Listings
25
⇧ 13.6% vs 22 last year
Pending
16
64% pending ratio
Median Price
$174,900
⇩ 18.7% vs $215,000 last year
Average Price
$244,793
⇧ 11.5% vs $219,611 last year
Days on Market
123
⇧ 92.2% vs 64 days last year

Price Per Square Foot

Median $/sqft
$120
⇧ 2.6% vs $117/sqft last year
Median Home Size
1,516 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 22 last year
  • Days on market: 123 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $174,900 (-18.7% YoY)
  • Average: $244,793 (+11.5% 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 28.1 miles — 46 listings ($13,418,213 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56258Marshall, MN 562580.0 mi17$4,579,528$214,975$269,384
56157Lynd, MN 561579.8 mi1$1,285,000$1,285,000$1,285,000
56263Milroy, MN 5626310.9 mi2$136,000$68,000$68,000
56264Minneota, MN 5626414.3 mi2$124,500$62,250$62,250
56132Garvin, MN 5613216.5 mi5$3,256,125$790,000$651,225
56115Balaton, MN 5611517.1 mi4$1,280,000$325,000$320,000
56291Taunton, MN 5629119.7 mi1$370,000$370,000$370,000
56237Echo, MN 5623720.2 mi1$238,000$238,000$238,000
56223Clarkfield, MN 5622322.4 mi6$701,760$80,000$116,960
56280Porter, MN 5628024.0 mi1$122,500$122,500$122,500
56293Wabasso, MN 5629324.4 mi2$207,000$103,500$103,500
56123Currie, MN 5612325.9 mi2$279,800$139,900$139,900
56218Boyd, MN 5621828.1 mi2$838,000$419,000$419,000

Frequently Asked Questions

How many homes are for sale in MARSHALL, MN 56258?

As of March 2026, there are 25 active listings in MARSHALL, MN (zip code 56258), compared to 22 the prior year.

What is the median home price in MARSHALL, MN 56258?

The median listing price in MARSHALL, MN 56258 is $174,900 as of March 2026, a 18.7% decrease from $215,000 the prior year.

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

Homes in MARSHALL, MN 56258 spend an average of 123 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in MARSHALL, MN 56258?

Based on current inventory and days-on-market data as of March 2026, MARSHALL, MN 56258 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 123 days on market compared to 64 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MARSHALL, MN 56258 save an estimated $3,498 compared to a typical 5% commission on the median listing price of $174,900. 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.