Is Newfolden, MN 56738 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Newfolden is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Newfolden housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Marshall County, MN

Population	1,228
Median income	$71,250
Average income	$83,764
Median home value	$187,200
Median rent	$683/month
Owner-occupied	86% of homes
Median year built	1976

Natural hazard riskWinter storms (very high), wildfire (relatively high), hail (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 56738; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 56738

Prefilled for 56738Can I win this house?Multiple-offer likelihood for a listing Prefilled for 56738Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alvarado 56710Seller’s market $103 /sq ft Argyle 56713Buyer’s market $88 /sq ft Middle River 56737 — /sq ft Oslo 56744Buyer’s market $171 /sq ft Browse all markets →

Towns like Newfolden nearby

Find towns like Newfolden in other states →

Badger, MN56714 · 35 miles away94% similarcheaper homes ($30K less) Red Lake Falls, MN56750 · 28 miles away93% similarlarger Greenbush, MN56726 · 28 miles away93% similarVery close on income, prices and more Warren, MN56762 · 24 miles away72% similarcheaper homes ($27K less) · larger

Where Newfolden is

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Questions about Newfolden real estate

What are property taxes in Newfolden?

About 0.80% of a home’s value a year in Marshall County, or roughly $3,200 on a $400,000 home.

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More tools for 56738

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Marshall County property taxes Marshall County loan limits Closing costs in Minnesota Hottest ZIP codes in Minnesota

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology