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Foreclosure Homes in Fairmont, MN

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Fairmont, MN Foreclosures

Current Market Conditions in in Fairmont, MN As of February 2026?
Over the past month, Fairmont's real estate market has seen a slight uptick in new listings, giving potential homebuyers more options to choose from. Similarly, the average home price has held steady, signaling a healthy market where sellers are not overly aggressive on pricing. Overall, buyers are encouraged by the increasing inventory but should still act quickly, as well-priced homes are selling fast.
How much do homes sell for in Fairmont, MN?
The average home price is currently $264,516.
In Fairmont, MN, how many homes are available?
There are currently 21 active home listings available in Fairmont.
What’s the average rental cost in Fairmont, MN?
The average rental price in Fairmont is $1,259.
What is the most expensive home in Fairmont?
The most expensive home sold in Fairmont had a price of $5,233,699.
What is currently the cheapest priced home in Fairmont, MN?
The cheapest home for sale in Fairmont is priced at $10,777.

Living in Fairmont, MN

Fairmont, MN, is a charming small town known as the "City of Lakes". It features a friendly community, access to beautiful outdoor recreational activities, and quality educational institutions. With its picturesque environment and essential amenities, Fairmont is an appealing place for potential homebuyers.

Buyer vs Seller Market in Fairmont, MN

The real estate market in Fairmont has been experiencing steady growth, with an increase in demand for homes as more people are drawn to the area’s serene lifestyle and amenities. The average time on the market has decreased, indicating a competitive marketplace as buyers are quickly making offers on desirable properties.

Conversations around potential economic development initiatives are also beginning to surface, which may further enhance housing demand and lead to more construction projects in the coming years.

Home Value Estimator For Fairmont, MN

There are currently 5,229 real estate properties in Fairmont, MN, with a median automated valuation model (AVM) price of $183,225.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fairmont, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fairmont, MN, is $264,516.00, with the most expensive house in Fairmont, MN, topping out at $5,233,699.00 and the cheapest home in Fairmont, MN, clocking in at $10,777.00. In other words, there’s something for every potential homebuyer or savvy investor in Fairmont, MN!

Rent Prices In Fairmont, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairmont, MN, is on a rollercoaster ride. The average rent price in Fairmont, MN, is $1,259.00. Indeed, when looking to rent in Fairmont, MN, you can expect to pay as little as $420.00 or as much as $2,700.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Fairmont, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Fairmont, MN Foreclosures

Market Trend for Fairmont, MN

Total Listings Available: 21

Market Values:

Home Prices from $10,777 to $5,233,699

Average Sales Price: $264,516

Rental Values:

Rental from $420 to $2,700

Average Rent Value: $1,259 / month

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