Is Fairmont, MN 56031 a buyer’s or seller’s market?
Fairmont is a seller’s market. With about 3.1 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.1Under 4 months = seller’s market
Sold above original list12.8%Share of sales, last 3 months
Median sale-to-list97.6%Sold price ÷ list price
Median days on market39Listing to accepted offer
Median price per sq ft$111▼ −1.3% vs. last year
Run the numbers for 56031
Nearby markets
Ceylon 56121Balanced $49 /sq ftDunnell 56127Balanced $91 /sq ftGranada 56039Seller’s market $140 /sq ftOdin 56160Seller’s market $101 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology