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Featured local agent — Truman, MN
Sarah Mitchell
Compass Real Estate · Truman, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Truman, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$215,000median sale price
How is the Truman, MN housing market right now?
The median home sale price in Truman, MN is $215,000, down 7.9% year-over-year. Homes sell in an average of 40 days with 7 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Truman a buyer's or seller's market?
Truman, MN is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
40
Average pace
Active listings
7
1.4 months supply
Sale-to-list
102.6%
Above asking
What does the Truman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $215,000 |
| Median list price | $185,000 |
| Year-over-year price change | -7.9% |
| Average days on market | 40 days |
| Active inventory | 7 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 102.6% |
| Median price per sq ft | $95/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 3 |
| Listings with a price cut | 14.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Truman by property type?
How the Truman, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $215,000 | $95/sq ft | 5 | 40 days |
| Townhouse | $190,000 | $126/sq ft | 1 | 18 days |
Source: Redfin · Updated monthly
The Truman housing market is currently classified as a strong seller's market with a median sale price of $215,000. Prices have fallen 7.9% compared to last year, with homes spending an average of 40 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Truman
There are currently 7 homes listed for sale in Truman, Minnesota. The median listing price is $185K.
Active listings
7
Homes on market
Median list price
$185K
Avg. days on market
40
Days until sale
New this week
3
Newly listed
Who lives in Truman?
Population
1,223
Median income
$59,095/yr
Median age
32.1 years
Owner-occupied
58.8%
College grads
19.5%
Avg commute
17.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Truman?
Zillow home value
$221,805
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Truman?
Truman is a community of approximately 1K residents with a median age of 32.1 years.The median household income is $59,095, which represents a working-class community with solid middle-income opportunities. 19.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.8%, showing a blend of owner and renter-occupied properties. The average commute time is 17.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Truman offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Truman?
2 schools tracked · 241 students
The largest public schools serving Truman, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
TRUMAN ELEMENTARY
Grades PK-6 · 141 students
TRUMAN SECONDARY
Grades 7-12 · 100 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Truman, MN?
Want a head-to-head view? Compare Truman side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Truman?
The median home sale price in Truman is $215,000, down 7.9% from last year.
How long do homes stay on market in Truman?
Homes typically spend 40 days on market before going under contract.
What is the median income in Truman?
The median household income is $59,095 per year.
Is Truman a buyer's or seller's market?
With 1.4 months of supply, Truman is currently a strong seller's market.
What is the Zillow home value estimate for Truman?
The Zillow Home Value Index (ZHVI) for Truman is $221,805, representing the typical home value in the area.
How much does a single-family home cost in Truman?
The median single-family home price in Truman, MN is $215,000 (about $95 per square foot).
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