Fairmont, MN Real Estate Market Summary – September 8, 2026
In Fairmont, MN, there were a total of 18 homes sold in the last month, with an average living area of nearly 1,950 square feet. The homes had an average sale price of $202,450 and typically remained on the market for about 16 days before being purchased.
| Metric | 30 Days |
|---|---|
| Number Sold | 18 |
| Sold Per Day | 1 every 1.67 days |
| Average SQFT | 1950 |
| Median Sales Price | $189,200 |
| Average Sales Price | $202,450 |
| Average Price Per SQFT | $97 |
| Average Days on Market | 16 |
| Average Year Built | 1957 |
Fairmont, MN Single Family Home Analysis
Among single-family homes, 17 were sold, averaging around 2,000 square feet in living area. The average sale price for these homes was approximately $204,506, with a median sale price of $195,900 and an average days on market of 16 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 17 |
| Sold Per Day | 1 every 1.76 days |
| Average SQFT | 1998 |
| Median Sales Price | $195,900 |
| Average Sales Price | $204,506 |
| Average Price Per SQFT | $95 |
| Average Days on Market | 16 |
| Average Year Built | 1955 |
Fairmont, MN Condo & Townhome Analysis
In the condo and townhome segment, only 1 unit was sold, featuring a living area of around 1,182 square feet. It was priced at $167,500 and remained on the market for 8 days before the transaction.
| Metric | 30 Days |
|---|---|
| Number Sold | 1 |
| Sold Per Day | 1 every 30.00 days |
| Average SQFT | 1182 |
| Median Sales Price | $167,500 |
| Average Sales Price | $167,500 |
| Average Price Per SQFT | $142 |
| Average Days on Market | 8 |
| Average Year Built | 1993 |
Buyer & Seller Analysis
- Average of 0.6 homes sold per day across all segments
- Typical time on market is about 16 days for all homes
- Average sale price is $202,450 for the overall market
- Condominium units had a notably longer pace of 1 every 30 days
Conclusion
Overall, the market in Fairmont shows a steady pace of sales with homes typically moving quickly. The relatively low days on market suggest a favorable environment for selling.