Brokers — List your Company Here
Featured local agent — Perham, MN
Sarah Mitchell
Compass Real Estate · Perham, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Perham, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$229,500median sale price
How is the Perham, MN housing market right now?
The median home sale price in Perham, MN is $229,500, down 33.5% year-over-year. Homes sell in an average of 61 days with 21 active listings. The market is currently a buyer'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 Perham a buyer's or seller's market?
Perham, MN is currently a buyer's market, based on 5.3 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
61
Average pace
Active listings
21
5.3 months supply
Sale-to-list
94.0%
Below asking
What does the Perham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $229,500 |
| Median list price | $386,750 |
| Year-over-year price change | -33.5% |
| Average days on market | 61 days |
| Active inventory | 21 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 94.0% |
| Median price per sq ft | $137/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 8 |
| Listings with a price cut | 14.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Perham by property type?
How the Perham, 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 | $220,000 | $117/sq ft | 3 | 106 days |
| Condo / Co-op | $239,000 | $157/sq ft | 1 | 15 days |
Source: Redfin · Updated monthly
The Perham housing market is currently classified as a buyer's market with a median sale price of $229,500. Prices have fallen 33.5% compared to last year, with homes spending an average of 61 days on market, indicating 5.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 8.1x provides context for how home values compare to local earning capacity.
Homes for sale in Perham
There are currently 21 homes listed for sale in Perham, Minnesota. The median listing price is $387K.
Active listings
21
Homes on market
Median list price
$387K
Avg. days on market
61
Days until sale
New this week
8
Newly listed
Who lives in Perham?
Population
3,577
Median income
$47,088/yr
Median age
35 years
Owner-occupied
54.5%
College grads
28.7%
Avg commute
12.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Perham?
Zillow home value
$380,560
Price-to-income
8.1x
Source: Zillow Research
What is it like to live in Perham?
Perham is a community of approximately 4K residents with a median age of 35 years.The median household income is $47,088, which represents a working-class community with solid middle-income opportunities. 28.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 54.5%, showing a blend of owner and renter-occupied properties. The average commute time is 12.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Perham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Perham?
4 schools tracked · 1,687 students
The largest public schools serving Perham, 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.
HEART OF THE LAKE ELEMENTARY
Grades PK-4 · 596 students
PRAIRIE WIND MIDDLE
Grades 5-8 · 529 students
PERHAM SENIOR HIGH
Grades 9-12 · 514 students
PERHAM AREA LEARNING CENTER
Grades 9-12 · 48 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 Perham, MN?
Want a head-to-head view? Compare Perham side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Perham?
The median home sale price in Perham is $229,500, down 33.5% from last year.
How long do homes stay on market in Perham?
Homes typically spend 61 days on market before going under contract.
What is the median income in Perham?
The median household income is $47,088 per year.
Is Perham a buyer's or seller's market?
With 5.3 months of supply, Perham is currently a buyer's market.
What is the Zillow home value estimate for Perham?
The Zillow Home Value Index (ZHVI) for Perham is $380,560, representing the typical home value in the area.
What is the median condo price in Perham?
The median condo/co-op sale price in Perham, MN is $239,000, compared to $220,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Perham?
The median single-family home price in Perham, MN is $220,000 (about $117 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Perham, MN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Perham market alerts
Weekly updates on prices, inventory, and trends. Free forever.