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Condo Foreclosures in Fairmont, MN

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Fairmont, MN Foreclosures

Current Market Conditions in in Fairmont, MN As of April 2026?
In the past month, Fairmont's real estate market has remained stable, with a slight increase in the number of new home listings. This indicates a healthy turnover as more homeowners look to sell while buyers continue to seek affordable housing options. Average home prices have seen a modest increase of about 2%, reflecting consistent demand for housing in the area. However, the inventory remains varied, offering opportunities for both buyers and investors alike.
How much do homes sell for in Fairmont, MN?
The average home price is currently $255,269.
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 $5,268,244.
What is currently the cheapest priced home in Fairmont, MN?
The cheapest home for sale in Fairmont is priced at $10,864.

Living in Fairmont, MN

Fairmont, located in southern Minnesota, is a charming community known for its beautiful lakes and friendly atmosphere. The town offers a mix of historical sites and modern amenities, making it a great place for families and retirees alike. With numerous parks, recreational activities, and a strong sense of community, Fairmont is an inviting place to live.

Buyer vs Seller Market in Fairmont, MN

The Fairmont real estate market has seen steady growth over the past few years, making it an attractive option for homebuyers. With a mix of single-family homes, townhouses, and apartments, there's something to suit every budget and lifestyle.

Many buyers are drawn to Fairmont for its affordability, with home prices generally lower than the national average. This is complemented by an active market with new listings frequently appearing, ensuring a dynamic buying experience.

Home Value Estimator For Fairmont, MN

There are currently 5,227 real estate properties in Fairmont, MN, with a median automated valuation model (AVM) price of $182,893.00. 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 $255,269.00, with the most expensive house in Fairmont, MN, topping out at $5,268,244.00 and the cheapest home in Fairmont, MN, clocking in at $10,864.00. 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 Condos

Market Trend for Fairmont, MN

Total Listings Available: 0

Market Values:

Home Prices from $10,864 to $5,268,244

Average Sales Price: $255,269

Rental Values:

Rental from $420 to $2,700

Average Rent Value: $1,259 / month

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