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Why Live in Marshall Terrace
Marshall Terrace in Minneapolis is a neighborhood that blends industrial and residential areas, attracting local creatives due to its proximity to the Northeast Minneapolis arts district. This area is known for its high concentration of studios and the annual Art-A-Whirl festival, the country's largest open studio tour. The neighborhood features early- and mid-20th-century homes, including bungalows and American Foursquares, with some new developments. Residents enjoy local attractions such as Marshall Terrace Park, which offers playgrounds, a wading pool, and bird-watching opportunities. Dining options include The Buttered Tin, known for its baked goods, and 56 Brewing, which hosts food trucks and live music. For groceries, residents can visit Sentyrz Liquor & Supermarket a mile away or the Eastside Food Co-op two miles away. Retail shopping is available three miles away at The Quarry, home to stores like Target and PetSmart. The neighborhood is about 10 minutes from downtown Minneapolis via River Road, with bike lanes and bus routes providing additional transportation options. The closest hospital, North Memorial Health, is three miles away, and the Minneapolis-Saint Paul International Airport is 16 miles away. Marshall Terrace has a competitive housing market, with homes selling quickly. The area has a crime rate lower than the national average, contributing to its appeal for families and individuals alike.
Home Trends in Marshall Terrace, MN
On average, homes in Marshall Terrace, Minneapolis sell after 41 days on the market compared to the national average of 52 days. The median sale price for homes in Marshall Terrace, Minneapolis over the last 12 months is $326,500, up 2% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$326,500
Median Single Family Sale Price
$313,500
Median Townhouse Sale Price
$350,000
Average Price Per Sq Ft
$225
Number of Homes for Sale
4
Last 12 months Home Sales
12
Months of Supply
4.00
Median List Price
$314,250
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%
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