Market Intelligence Report — MN-420

Bemidji, MN

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

Ref. No: 2026-MN-08
As of the latest 2026 data
Cooling

Median Listing

$350K
-7.1% YoY

Pending Ratio

0.26
-19.8% YoY

Active Inventory

198
+2.6% YoY

Median DOM

57 Days
-19.1% YoY

Primary Intelligence Tool — Sold Score™

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The Bemidji market is experiencing cooling conditions, as evidenced by a pending ratio of 0.26, indicating absorption challenges. Median listing prices have observed a 7.1% decline over the past year, alongside a month-over-month decrease of 3.5% to $349,900.

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.

Inventory levels remain relatively stable, with active listings up 2.6% year-over-year. However, demand indicators are weaker; new listings show no year-over-year change, and the pending ratio has significantly decreased by 19.8% over the past year. Concurrently, the median listing price has fallen by 7.1% over the past year, with median $/sqft declining by 15.1% over the same period, pointing to a broader adjustment in property valuations.

Historical Analysis

Market Trends

Median Price

$350K-3.5% MoM

Active Inventory

198+2.6% YoY

Days on Market

57-19.1% YoY

Sold Score™

39-19.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

39
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

The current market dynamics suggest that demand absorption is lagging, placing inventory under less pressure. This environment supports buyers seeking more favorable terms and extended consideration periods. Price discipline from sellers is likely to be a significant factor in facilitating transactions, given the prevailing demand trends.

Luxury Segment

While the average listing price shows only a minor 0.1% year-over-year decrease, the median listing price has fallen by 7.1% over the past year, and median $/sqft is down 15.1%. This suggests potential price adjustments more pronounced in the higher-priced segments, although direct luxury-tier metrics are not available.

Supply Dynamics

198 active listings represent the current floor, with new supply arriving at roughly 56 per month.

Pricing Pressure
15.9%

of active listings carry a price reduction, -2.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -15.1% year-over-year.

Absorption
0.26

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Bemidji, MN? Homes here are taking 14 days less to sell than last year.

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
26%
Median Days on Market
57 days
Inventory YoY
+3%

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 Cooling. Pending ratio is 0.26 with median days on market at 57.

  • Are home prices dropping in Bemidji?+

    Median listing price is $350K, -7.1% year over year. 15.9% of active listings carry a price reduction.

  • How fast are homes selling in Bemidji?+

    The typical listing sits 57 days on market, a -19.1% change YoY. New listings are arriving at 56 per month.

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

    While the average listing price shows only a minor 0.1% year-over-year decrease, the median listing price has fallen by 7.1% over the past year, and median $/sqft is down 15.1%. This suggests potential price adjustments more pronounced in the higher-priced segments, although direct luxury-tier metrics are not available.

  • 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