Truman, MN Foreclosures
Current Market Conditions in in Truman, MN As of February 2026?
Over the past month, Truman's real estate market has remained quite stable. The number of homes sold has slightly increased, signaling an uptick in buyer activity. This reinvigorated interest is attributed to both seasonal market influences and ongoing economic factors attracting families to this small town. Sellers are often receiving offers above asking price, showcasing the desirability of the area for new residents looking for affordable yet quality housing options.
How much do homes sell for in Truman, MN?
The average home price is currently $349,471.
In Truman, MN, how many homes are available?
There are currently 1 active home listings available in Truman.
What’s the average rental cost in Truman, MN?
The average rental price in Truman is $1,380.
What is the most expensive home in Truman?
The most expensive home sold in Truman had a price of $4,048,724.
What is currently the cheapest priced home in Truman, MN?
The cheapest home for sale in Truman is priced at $10,057.
Living in Truman, MN
Truman, MN is a quintessential small town with a friendly atmosphere, strong community bonds, and access to beautiful parks and schools. It's a perfect place for families and outdoor enthusiasts, offering a peaceful, rural lifestyle with convenient amenities.
Buyer vs Seller Market in Truman, MN
The real estate market in Truman has shown steady growth, with an increase in property values over the past year. Demand for homes in the area is rising due to the town's appealing lifestyle, affordability, and strong community spirit. As more individuals seek quieter, more spacious living environments, Truman is becoming an attractive option for homebuyers.
Although the homes are reasonably priced, sellers have noted a competitive market with multiple offers on desirable houses. This trend indicates a healthy demand that is likely to sustain over the upcoming months.
Home Value Estimator For Truman, MN
There are currently 860 real estate properties
in Truman, MN,
with a median automated valuation model (AVM) price
of $188,922.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Truman, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Truman, MN,
is $349,471.00, with the most expensive house
in Truman, MN, topping out
at $4,048,724.00 and the cheapest home
in Truman, MN,
clocking in at $10,057.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Truman, MN!
Rent Prices
In Truman, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Truman, MN, is on
a rollercoaster ride. The
average rent price in Truman, MN,
is $1,380.00. Indeed, when looking to rent in
Truman, MN, you can expect to pay as little
as $550.00 or as much
as $3,860.00,
with the average rent median estimated to
be $1,220.00. The good news is that finding
an affordable and desirable property to rent in Truman, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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