Marshall Housing Market Update: Prices Up Year-Over-Year as Inventory Builds
Marshall, MN – March 14, 2026 – Home values are up year-over-year, with inventory elevated and listings ranging from entry-level homes to larger acreage properties.
Top takeaways
- Typical home value around $231,000, up 6.2% year-over-year.
- Active listings remain elevated, signaling a buyer-leaning market.
- Sale prices over the past year have trended modestly higher.
Home values in Marshall continue to post annual gains, even as inventory gives buyers more room to negotiate. According to Zillow data through late 2025, the typical home value is about $231,000, reflecting a 6.2% increase from a year earlier. Zillow reported 22 homes for sale at the end of December.
At the same time, Realtor.com characterizes the market as a buyer’s market as of December 2025, with 173 active listings and homes averaging 108 days on market. The site reports a median listing price of $38,000, a figure that appears influenced by lower-priced land and lot listings alongside single-family homes.
Market snapshot
Closed-sale data from Homes.com shows a median sale price of roughly $221,000 over the past 12 months, up about 3% from the prior year. Together, these figures suggest steady price growth, but not at a pace that fully offsets higher borrowing costs.
For buyers, the combination of rising inventory and longer market times may create negotiation opportunities. For sellers, realistic pricing remains key as purchasers compare more options.
What’s for sale
Current listings range from entry-level single-family homes under $150,000 to larger properties and acreage priced above $500,000. Land parcels and development-ready lots are also part of the mix, contributing to overall listing counts. Townhomes and smaller two-bedroom properties remain common options for downsizers and first-time buyers.
With spring approaching, new listings could add to supply. Buyers and sellers alike will be watching mortgage rate trends and local employment stability, including activity tied to Southwest Minnesota State University and major regional employers.
Sources
What are you seeing in your neighborhood — more listings, price cuts, or multiple-offer situations?