Morgan, MN Housing Market Update: Values Up Year Over Year, Spring Listings in Focus
Morgan, MN – March 24, 2026 – Home values are up 10.6% year over year, with median list prices around $137K as spring listings begin to surface.
Morgan is a city in Redwood County, and early 2026 data shows steady year-over-year gains in home values as the spring market begins to take shape.
Top takeaways
- Typical home value around $120,000, up 10.6% from a year ago.
- Median listing price near $137,000.
- Recent sales commonly ranged from under $100,000 to the mid-$140,000s.
Market snapshot
The Zillow Home Value Index places the typical Morgan home value at $120,239, representing a 10.6% increase over the past year (data through January 31, 2026). That suggests continued price resilience in this small-town market, even as activity levels remain modest compared with larger regional hubs.
Active listings show a median list price of about $137,450. Inventory is limited, which can amplify price swings when a few properties enter or exit the market. Buyers should expect a mix of older single-family homes, with pricing influenced by condition, updates, and lot size.
Recent sales activity
Closed sales over the past year illustrate the local price band. Several homes sold between roughly $90,000 and $145,000, with days on market varying from a few weeks to nearly three months. Price per square foot has differed widely depending on age, renovations, and overall size.
In a market this size, each transaction can noticeably affect averages. Well-maintained homes priced near or below the median tend to draw the strongest interest.
What to watch this spring
Statewide reports point to a more balanced environment in early 2026 compared with the frenzied pace of prior years. For Morgan, that likely means:
- Measured price growth rather than sharp spikes.
- Buyers taking more time to compare options.
- Sellers needing competitive pricing and solid presentation.
With planting season approaching and rural properties drawing attention, land and edge-of-town homes may see seasonal interest.
Sources
https://www.zillow.com/home-values/9816/morgan-mn/
https://www.realtor.com/realestateandhomes-search/Morgan_MN
https://www.homes.com/morgan-mn/sold/
https://en.wikipedia.org/wiki/Morgan,_Minnesota
Are you seeing more for-sale signs or quicker sales in your neighborhood this month?