56031, MN Housing Market
The 56031 housing market is somewhat competitive. The median sale price of a home in 56031 was $189K last month, up 50.0% since last year. The median sale price per square foot in 56031 is $89, up 0.6% since last year.
56031 Housing Market Trends
In April 2025, 56031 home prices were up 50.0% compared to last year, selling for a median price of $189K. On average, homes in 56031 sell after 43 days on the market compared to 31 days last year. There were 35 homes sold in April this year, up from 29 last year.

How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the 56031 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 2% below list price and go pending in around 43 days.
- Hot homescan sell for around list price and go pending in around 9 days.
View houses in 56031 that sold recently
Recently sold homes
- $350,000 Last Sold Price4 beds2 baths—sq ft1127 N Main St, Fairmont, MN 56031List Price$359,000Sale to List3% under listDays on Market55 days1127 N Main St, Fairmont, MN 56031
- $47,500 Last Sold Price3 beds1 bath—sq ft720 N Elm St, Fairmont, MN 56031List Price$54,000Sale to List12% under listDays on Market203 days720 N Elm St, Fairmont, MN 56031
- $75,000 Last Sold Price1 bed1 bath—sq ft428 E 11th St, Fairmont, MN 56031List Price$79,000Sale to List5% under listDays on Market70 days428 E 11th St, Fairmont, MN 56031
- $160,000 Last Sold Price2 beds2 baths—sq ft754 Shoreacres Dr, Fairmont, MN 56031List Price$165,000Sale to List3% under listDays on Market79 days754 Shoreacres Dr, Fairmont, MN 56031
- $92,000 Last Sold Price2 beds2 baths—sq ft725 E 4th St, Fairmont, MN 56031List Price$89,900Sale to List2% over listDays on Market47 days725 E 4th St, Fairmont, MN 56031
- $147,000 Last Sold Price3 beds1 bath—sq ft2011 Albion Ave, Fairmont, MN 56031List Price$139,900Sale to List5% over listDays on Market43 days2011 Albion Ave, Fairmont, MN 56031
- $165,000 Last Sold Price4 beds4 baths—sq ft318 S Elm St, Fairmont, MN 56031List Price$169,000Sale to List2% under listDays on Market44 days318 S Elm St, Fairmont, MN 56031
- Sign in for price Last Sold Price2 beds3 baths—sq ft561 Southport Dr, Fairmont, MN 56031List Price—Sale to List—Days on Market—561 Southport Dr, Fairmont, MN 56031
See all recently sold homes in 56031.
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Schools in 56031
- 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 56031 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in 56031.
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