Market Intelligence Report — MN-860
Fairmont, MN
Monthly housing intelligence, market trends, and trusted local expertise.
Ref. No: 2026-MN-05
Updated: May 2026
Updated: May 2026
Median Listing
$185K
-14.8% YOY
Pending Ratio
0.36
-28.8% YOY
Active Inventory
87
+93.3% YOY
Median DOM
62 Days
+55.7% YOY
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Market Signals & Indicators
Supply Dynamics
87 active listings represent the current floor, with new supply arriving at roughly 32 per month.
Pricing Pressure
23.0%
of active listings carry a price reduction, +16.0% from prior period.
$/Sq Ft
$0K
Median price per square foot has moved -5.1% year-over-year.
Absorption
0.36
Pending-to-active ratio — supply and demand dynamics are mixed.
Metro Demographics
Metro Area
Fairmont, MN
CBSA Code
21860
State
MN