Fairmont, MN Housing Market
The Fairmont housing market is somewhat competitive. The median sale price of a home in Fairmont was $187K last month, down 4.1% since last year. The median sale price per square foot in Fairmont is $116, up 0.4% since last year.
Fairmont Housing Market Trends
In January 2025, Fairmont home prices were down 4.1% compared to last year, selling for a median price of $187K. On average, homes in Fairmont sell after 47 days on the market compared to 50 days last year. There were 10 homes sold in January this year, up from 10 last year.
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How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Fairmont housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Some homes get multiple offers.
- The average homes sell for about 5% below list price and go pending in around 35 days.
- Hot homescan sell for around list price and go pending in around 9 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 24 days.
- Hot homescan sell for about 4% above list price and go pending in around 7 days.
Fairmont Migration & Relocation Trends
View houses in Fairmont that sold recently
Recently sold homes
- $225,000 Last Sold Price3 beds3 baths—sq ft1355 Oak Beach Dr, Fairmont, MN 56031List Price$240,000Sale to List6% under listDays on Market88 days1355 Oak Beach Dr, Fairmont, MN 56031
- $388,000 Last Sold Price2 beds2 baths—sq ft2230 Red Bird Ln, Fairmont, MN 56031List Price$388,000Sale to List0% over listDays on Market501 days2230 Red Bird Ln, Fairmont, MN 56031
- $115,000 Last Sold Price2 beds2 baths—sq ft917 Victoria St, Fairmont, MN 56031List Price$119,900Sale to List4% under listDays on Market105 days917 Victoria St, Fairmont, MN 56031
- $332,000 Last Sold Price4 beds3 baths—sq ft1815 Albion Ave, Fairmont, MN 56031List Price$349,900Sale to List5% under listDays on Market187 days1815 Albion Ave, Fairmont, MN 56031
- $140,000 Last Sold Price3 beds2 baths—sq ft215 Budd St, Fairmont, MN 56031List Price$140,000Sale to List0% over listDays on Market45 days215 Budd St, Fairmont, MN 56031
- $126,000 Last Sold Price3 beds3 baths—sq ft127 Maple St, Fairmont, MN 56031List Price$125,000Sale to List1% over listDays on Market33 days127 Maple St, Fairmont, MN 56031
- $216,000 Last Sold Price2 beds1 bath—sq ft1603 Cadillac Ave, Fairmont, MN 56031List Price$228,000Sale to List5% under listDays on Market248 days1603 Cadillac Ave, Fairmont, MN 56031
- $150,000 Last Sold Price2 beds1 bath—sq ft1518 Falcon Dr, Fairmont, MN 56031List Price$160,000Sale to List6% under listDays on Market45 days1518 Falcon Dr, Fairmont, MN 56031
See all recently sold homes in Fairmont.
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Schools in Fairmont
- Elementary
- Middle
- High
GreatSchools Rating
4/10 Fairmont Elementary School Public • PreK-6 | 908 Students | 1 reviews |
NR Southern Plains Education Coop. Public • PreK-K | 27 Students | N/A |
Climate's impact on Fairmont housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Fairmont.
Flood Factor - Minor
Flood Factor
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Fire Factor - Moderate
Fire Factor
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Wind Factor - Minor
Wind Factor
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Heat Factor - Minor
Heat Factor
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