Is Marshall, MN 56258 a buyer’s or seller’s market?

The Marshall housing market right now

In the three months ending August 31, 2026, 46% of homes in Marshall, MN 56258 sold above their list price, the typical home went under contract in 13 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 51 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (45% then), homes sold about as fast and the median sale price rose 7% to $239,696. Overall, Marshall is about as competitive as it was a year ago.

Within Lyon County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Marshall ranks #21 of 296 MN ZIP codes with enough sales (score 87 out of 100).

Nearby, buyers who want less competition could look at Ghent 56239 (0% sold over asking) or Tracy 56175 (13% sold over asking), while Balaton 56115 (50% sold over asking) and Garvin 56132 (50% sold over asking) are even more competitive.