Is Fergus Falls, MN 56537 a buyer’s or seller’s market?
Fergus Falls is a seller’s market. With about 2.7 months of supply and 33% 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 supply2.7Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market27Listing to accepted offer
Median price per sq ft$137▲ +0.8% vs. last year
Run the numbers for 56537
Nearby markets
Battle Lake 56515Balanced $251 /sq ftBluffton 56518Buyer’s market $170 /sq ftClitherall 56524Seller’s market $215 /sq ftDalton 56324Seller’s market $160 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology