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Marshall real estate Market Report.
Information and statistics on the latest trends in the Marshall real estate market, updated for November 2025. *
The typical home value in Marshall is projected to be $204,500 for the month of October. September’s finalized data reported the typical value of a home in the city to be $198,000—down 17.5% over the previous 12 months. For comparison, county-level data pegged home values at $187,500 in Lyon County for the most recent reporting period. That number is expected to float around $190,600 in October.
Marshall had 16 new listings and 9 listings that went under contract in September, increasing the area’s total available inventory to 19—up 46.15% from the previous month. Inventory is projected to have further increased in October.
Of those 19 active listings, 26.32% reduced their price in the month of September. The median listing price for homes in Marshall grew 19.74% from August to September, bringing the current median listing price to $227,500. Based on projected data for October, listing prices may continue to grow.
The number of days that homes have been on the market prior to going under contract has been fairly steady year-over-year. In September 2025, the median time for a listed property to go pending was 14 days, compared to 11 days in September 2024. However, in recent months the median number of days from listed to pending appears to be rising. That trend is predicted to have carried through to this October.
Market gauge is calculated based on the the number of active listings divided by home sales over the most recently available reporting period.
Learn more about what Marshall has to offer.
Marshall is a vibrant community that offers residents a blend of rich agricultural heritage, excellent educational opportunities, and diverse cultural experiences.
Marshall pairs college-town energy with prairie calm and wide-open skies. Anchored by Southwest Minnesota State University, residents enjoy Division II game days, touring performances, and public lectures at Southwest Minnesota State University. The Redwood River threads through town, feeding a network of trails and parks managed by the City of Marshall. When you crave bigger scenery, the hardwood ridges and trout streams of Camden State Park are just minutes away, while regional day trips to Redwood Falls and adventures across Lyon County come easy.
Families value the strong academics and activities at Marshall Public Schools, with robust arts, STEM, and Tigers athletics. Healthcare is close at hand through Avera Marshall Regional Medical Center. Weekends fill quickly: glide across the ice at Red Baron Arena & Expo, stroll the farmers market, or join community traditions like Sounds of Summer. A steady job market—spanning education, healthcare, food innovation, and small manufacturing—supports a lifestyle where commutes are short, youth sports are a rite of passage, and neighbors still know each other by name.
Whether you’re looking for a first home near campus or room to grow at the edge of town, Marshall offers the comfort of a close-knit community with the amenities of a regional hub. When you’re ready, Agent Pronto can connect buyers and sellers with a trusted local real estate professional to make the move seamless.
Frequently Asked Questions
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There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Marshall. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Marshall Realtor® or real estate agent today.