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Featured local agent — Fergus Falls, MN
Sarah Mitchell
Compass Real Estate · Fergus Falls, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fergus Falls, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$204,950median sale price
How is the Fergus Falls, MN housing market right now?
The median home sale price in Fergus Falls, MN is $204,950, down 6.4% year-over-year. Homes sell in an average of 7 days with 40 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Fergus Falls a buyer's or seller's market?
Fergus Falls, MN is currently a strong seller's market, based on 2.5 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
7
Fast-moving
Active listings
40
2.5 months supply
Sale-to-list
103.1%
Above asking
What does the Fergus Falls housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $204,950 |
| Median list price | $307,450 |
| Year-over-year price change | -6.4% |
| Average days on market | 7 days |
| Active inventory | 40 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 103.1% |
| Median price per sq ft | $131/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 28 |
| Listings with a price cut | 35.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Fergus Falls by property type?
How the Fergus Falls, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $210,000 | $131/sq ft | 13 | 7 days |
| Condo / Co-op | $150,000 | $116/sq ft | 1 | 4 days |
| Townhouse | $234,950 | $167/sq ft | 2 | 29 days |
Source: Redfin · Updated monthly
The Fergus Falls housing market is currently classified as a strong seller's market with a median sale price of $204,950. Prices have fallen 6.4% compared to last year, with homes spending an average of 7 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Fergus Falls
There are currently 40 homes listed for sale in Fergus Falls, Minnesota. The median listing price is $307K.
Active listings
40
Homes on market
Median list price
$307K
Avg. days on market
7
Days until sale
New this week
28
Newly listed
Who lives in Fergus Falls?
Population
14,138
Median income
$50,865/yr
Median age
42 years
Owner-occupied
63.5%
College grads
27.8%
Avg commute
12.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Fergus Falls?
Zillow home value
$209,070
Zillow rent index
$914/mo
Price-to-rent ratio
19.1x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Fergus Falls?
Fergus Falls is a community of approximately 14K residents with a median age of 42 years.The median household income is $50,865, which represents a working-class community with solid middle-income opportunities. 27.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 63.5%, showing a blend of owner and renter-occupied properties. The average commute time is 12.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Fergus Falls offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Fergus Falls?
14 schools tracked · 2,995 students
The largest public schools serving Fergus Falls, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Kennedy Middle School
Grades 5-8 · 756 students
Kennedy High School
Grades 9-12 · 691 students
CLEVELAND ELEMENTARY
Grades 2-4 · 352 students
ADAMS ELEMENTARY
Grades 1-2 · 293 students
iQ Academy 9-12
Grades 9-12 · 255 students
MCKINLEY ELEMENTARY
Grades PK-1 · 225 students
iQ Academy K-5
Grades K-5 · 122 students
iQ Academy 6-8
Grades 6-8 · 118 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Fergus Falls, MN?
Want a head-to-head view? Compare Fergus Falls side-by-side with any other U.S. city using our market-comparison tool.
Is Fergus Falls a good real estate investment market?
For investors evaluating Fergus Falls, the price-to-rent ratio of 19.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Fergus Falls's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Fergus Falls's median home price.
Frequently asked questions
What is the average home price in Fergus Falls?
The median home sale price in Fergus Falls is $204,950, down 6.4% from last year.
How long do homes stay on market in Fergus Falls?
Homes typically spend 7 days on market before going under contract.
What is the median income in Fergus Falls?
The median household income is $50,865 per year.
Is Fergus Falls a buyer's or seller's market?
With 2.5 months of supply, Fergus Falls is currently a strong seller's market.
What is the Zillow home value estimate for Fergus Falls?
The Zillow Home Value Index (ZHVI) for Fergus Falls is $209,070, representing the typical home value in the area.
What is the median condo price in Fergus Falls?
The median condo/co-op sale price in Fergus Falls, MN is $150,000, compared to $210,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Fergus Falls?
The median single-family home price in Fergus Falls, MN is $210,000 (about $131 per square foot).
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