Fairmont, MN Housing Market
The Fairmont housing market is very competitive. The median sale price of a home in Fairmont was $244K last month, up 19.0% since last year. The median sale price per square foot in Fairmont is $131, up 4.8% since last year.
Fairmont Housing Market Trends
In June 2025, Fairmont home prices were up 19.0% compared to last year, selling for a median price of $244K. On average, homes in Fairmont sell after 12 days on the market compared to 22 days last year. There were 11 homes sold in June this year, up from 9 last year.

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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
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% below list price and go pending in around 15 days.
- Hot homescan sell for around list price and go pending in around 7 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 9 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 31 days.
- Hot homescan sell for around list price and go pending in around 18 days.
Fairmont Migration & Relocation Trends
View houses in Fairmont that sold recently
Recently sold homes
- $509,900 Last Sold Price4 beds2 baths—sq ft1370 Oak Beach Dr, Fairmont, MN 56031List Price$509,900Sale to List0% over listDays on Market55 days1370 Oak Beach Dr, Fairmont, MN 56031
- $271,911 Last Sold Price3 beds3 baths—sq ft319 Lake Aires Rd, Fairmont, MN 56031List Price$270,000Sale to List1% over listDays on Market15 days319 Lake Aires Rd, Fairmont, MN 56031
- $20,000 Last Sold Price3 beds1 bath—sq ft1003 N Main St, Fairmont, MN 56031List Price$20,000Sale to List0% over listDays on Market29 days1003 N Main St, Fairmont, MN 56031
- $339,900 Last Sold Price2 beds2 baths—sq ft311 Lake Park Blvd, Fairmont, MN 56031List Price$329,900Sale to List3% over listDays on Market33 days311 Lake Park Blvd, Fairmont, MN 56031
- $183,000 Last Sold Price3 beds2 baths—sq ft505 Victoria St, Fairmont, MN 56031List Price$199,900Sale to List8% under listDays on Market63 days505 Victoria St, Fairmont, MN 56031
- $110,000 Last Sold Price2 beds2 baths—sq ft232 S Dewey St #108, Fairmont, MN 56031List Price$119,900Sale to List8% under listDays on Market28 days232 S Dewey St #108, Fairmont, MN 56031
- $104,000 Last Sold Price4 beds2 baths—sq ft705 E 3rd St, Fairmont, MN 56031List Price$104,900Sale to List1% under listDays on Market52 days705 E 3rd St, Fairmont, MN 56031
- $126,000 Last Sold Price3 beds2 baths—sq ft700 N Main St, Fairmont, MN 56031List Price$134,900Sale to List7% under listDays on Market86 days700 N Main St, Fairmont, MN 56031
See all recently sold homes in Fairmont.
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Schools in Fairmont
- Elementary
- Middle
- High
GreatSchools Rating
3/10 Fairmont Elementary School Public • PreK-6 | 956 Students | 1 reviews |
NR So. Plains Positive Approach To Asd Public • K-12 | 5 Students | N/A |
NR Southern Plains Bridges Public • K-12 | 26 Students | N/A |
NR Southern Plains Education Coop. Public • PreK-K | 22 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

Fire Factor - Moderate
Fire Factor

Wind Factor - Minor
Wind Factor

Heat Factor - Minor
Heat Factor

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