Market Intelligence Report — MN-420

Bemidji, MN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MN-09
As of the latest 2026 data
Very Weak

Median Listing

$370K
-1.5% YoY

Pending Ratio

0.24
-13.9% YoY

Active Inventory

189
-3.8% YoY

Median DOM

60 Days
-0.8% YoY

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Bemidji, MN currently presents as a very weak market environment. The pending ratio stands at 0.24, reflecting significantly diminished demand absorption relative to available supply. This condition is further underscored by a notable year-over-year decline in the pending ratio by 13.9 percentage points.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Bemidji market right now.

Active listings have contracted modestly by 3.8% over the past year, with new listings also seeing a 5.0% year-over-year decline. Despite these supply reductions, demand indicators are subdued, evidenced by the low pending ratio. The median listing price shows a slight year-over-year decrease of 1.5%, even as the median price per square foot has fallen more substantially by 10.9% over the past year.

Historical Analysis

Market Trends

Median Price

$370K+5.7% MoM

Active Inventory

189-3.8% YoY

Days on Market

60-0.8% YoY

Sold Score™

44-13.9% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

44
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.24, market activity suggests a substantial imbalance, with supply significantly outweighing current demand. This environment places pressure on pricing discipline, as the pace of sales is slow. Inventory accumulation is not the primary driver; rather, it is the protracted absorption that shapes negotiating leverage.

Luxury Segment

The average listing price of $413,130 remains elevated relative to the median of $369,775. However, with the median price per square foot declining by 10.9% year-over-year, and the average listing price also decreasing by 0.9% over the past year, there is an indication of weakening value propositions at higher price points. The premium of average over median price, coupled with declining average prices and $/sqft, suggests a softness at the luxury tier.

Supply Dynamics

189 active listings represent the current floor, with new supply arriving at roughly 38 per month.

Pricing Pressure
16.1%

of active listings carry a price reduction, -0.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -10.9% year-over-year.

Absorption
0.24

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Bemidji, MN? Buyer Demand Index is running at 24%.

Buyers have leverage in Bemidji, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
24%
Median Days on Market
60 days
Inventory YoY
−4%

In a buyer's market, strategy beats timing. See how your home scores in Bemidji, MN and what moves the number.

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Metro Demographics

Metro Area
Bemidji, MN
CBSA Code
13420
State
MN

ZIPs in Bemidji, MN

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Bemidji?+

    As of the latest 2026 data, the Bemidji metro is classified as Very Weak. Pending ratio is 0.24 with median days on market at 60.

  • Are home prices dropping in Bemidji?+

    Median listing price is $370K, -1.5% year over year. 16.1% of active listings carry a price reduction.

  • How fast are homes selling in Bemidji?+

    The typical listing sits 60 days on market, a -0.8% change YoY. New listings are arriving at 38 per month.

  • What's happening in the Bemidji luxury market?+

    The average listing price of $413,130 remains elevated relative to the median of $369,775. However, with the median price per square foot declining by 10.9% year-over-year, and the average listing price also decreasing by 0.9% over the past year, there is an indication of weakening value propositions at higher price points. The premium of average over median price, coupled with declining average prices and $/sqft, suggests a softness at the luxury tier.

  • Where can I find a trusted Bemidji real estate expert?+

    Primpted maintains a vetted registry of Bemidji agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 13420 · 36mo history