Fairmont, MN
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's cooling Fairmont market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Fairmont, MN.
The Fairmont market is currently in a Cooling condition, as indicated by a pending ratio of 0.27, suggesting demand absorption is significantly trailing supply. Active listings have expanded considerably over the past year, while median listing prices have seen a notable year-over-year contraction.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Fairmont market right now.
Active listings have expanded by 67.9% over the past year, contributing to increased inventory. Simultaneously, the pending ratio has declined by 41.3% year-over-year, reflecting weakening demand relative to available supply. Median listing prices have decreased by 9.5% year-over-year, and the average listing price has fallen by 11.2% over the same period, signaling downward pressure on pricing. New listings have risen by 20.0% year-over-year, adding to the overall supply.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current environment suggests a slower pace of transactions, with ample supply providing more time for property evaluation. Increased inventory levels imply reduced urgency for prospective buyers and greater flexibility in negotiating terms. Price discipline is likely to be a significant factor, given the observable softening of listing prices across the market.
The average listing price has declined by 11.2% year-over-year, outpacing the 9.5% decline in the median listing price. This wider spread, alongside a 2.5% decrease in median $/sqft over the past year, suggests some relative softness within the higher-priced segments of the market.
94 active listings represent the current floor, with new supply arriving at roughly 24 per month.
of active listings carry a price reduction, -11.1% from prior period.
Median price per square foot has moved -2.5% year-over-year.
Pending-to-active ratio — Cooling.
Recommended For This Market
CoolingSelling in Fairmont, MN? Homes here are taking 29 days longer to sell than last year.
Buyers have leverage in Fairmont, MN. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 27%
- Median Days on Market
- 70 days
- Inventory YoY
- +68%
In a buyer's market, strategy beats timing. See how your home scores in Fairmont, MN and what moves the number.
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