Fergus Falls, MN metro area Housing Market
Cold MarketComprehensive housing market data for the Fergus Falls, MN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$325K
↑ 24.2% YoY
Days on Market
108 days
↑ 54.3% YoY
Active Inventory
207
↓ 6.8% YoY
Homes Sold
36
↓ 5.3% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Fergus Falls, MN metro area Market Summary
The Fergus Falls, MN metro area housing market is cooling down. As of March 2026, the median home sale price is $325K, up 24.2% year-over-year. Homes are spending a median of 108 days on the market, 54.3% longer than a year ago.
There are 207 homes for sale — 6.8% fewer than last year. With 5.8 months of supply, this is a balanced market. 108 new listings were added during this period, down 3.6% year-over-year.
Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 8.3% of homes sell above their asking price. 13.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
78
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 26% below the national median, which could indicate stronger cash flow potential.
Fergus Falls, MN metro area Market Trends
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Detailed Market Metrics
Median List Price
$355K
Price per Sq Ft
$181
Sale-to-List Ratio
96.0%
Months of Supply
5.8
Sold Above List
8.3%
Price Drops
13.0%
New Listings
108
↓ 3.6% YoY
Pending Sales
56
Off Market in 2 Weeks
51.8%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.