Fergus Falls, MN Housing Market
Cool MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Fergus Falls, MN metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $245K
- Median days on market
- 27 days
- Months of supply
- 5.6
- Active inventory
- 367
- Homes sold
- 65
- Sale-to-list ratio
- 98.2%
- Listings with price drop
- 25.9%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Balanced
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation · BRRRR
Watch-outs
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cool Market
Buyer activity is slowing, creating more negotiating room.
Fergus Falls, MN market summary
The Fergus Falls, MN metro area housing market is cooling down. As of May 2026, the median home sale price is $245K, down 29.5% year-over-year. Homes are spending a median of 27 days on the market, 3.6% shorter than a year ago.
There are 367 homes for sale — 16.9% more than last year. With 5.6 months of supply, this is a balanced market. 174 new listings were added during this period, up 30.8% year-over-year.
Homes are selling for 98.2% of their list price on average, suggesting room for negotiation. 23.1% of homes sell above their asking price. 25.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
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. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 46% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Fergus Falls, MN market trends
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Detailed market metrics
Median list price
$410K
Price per sq ft
$156
Sale-to-list ratio
98.2%
Months of supply
5.6
Sold above list
23.1%
Price drops
25.9%
New listings
174
↑ 30.8% YoY
Pending sales
102
Off market in 2 weeks
44.1%
Fergus Falls, MN housing market FAQs
What is the median home price in Fergus Falls, MN?
For the latest published month, the median sale price in Fergus Falls, MN is $245K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Fergus Falls, MN a buyer's or seller's market?
With about 5.6 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.
How long do homes stay on the market in Fergus Falls, MN?
For the latest published month, the median days on market in Fergus Falls, MN is 27 days — half of homes went pending faster and half slower.
Is Fergus Falls, MN good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Fergus Falls, MN can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Fergus Falls, MN?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Fergus Falls, MN deals.
Compare more Minnesota metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Minneapolis, MN
$400K · 22d on market
Rochester, MN
$350K · 18d on market
St. Cloud, MN
$308K · 23d on market
Brainerd, MN
$350K · 35d on market
Faribault, MN
$382K · 28d on market
Red Wing, MN
$330K · 33d on market
Owatonna, MN
$287K · 15d on market
Alexandria, MN
$359K · 14d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Fergus Falls, MN deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.