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FAIRFAX, MN 55332

Real Estate Market Report  ·  Renville County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FAIRFAX, MN real estate market (55332) currently shows 4 active listings, with 1 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 53 days on market compared to 84 days last year.

The median listing price has risen 17.6% year-over-year, from $185,000 to $217,475.

Whether you are buying or selling in FAIRFAX, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,752  ·  Density: 5.9/mi²  ·  Median household income: $60,673

Typical home value: $119,321  ·  Homeownership: 84.9%

Market Overview

Active Listings
4
⇩ 42.9% vs 7 last year
Pending
1
25% pending ratio
Median Price
$217,475
⇧ 17.6% vs $185,000 last year
Average Price
$262,221
⇩ 9.7% vs $290,467 last year
Days on Market
53
⇩ 36.9% vs 84 days last year

Price Per Square Foot

Median $/sqft
$184
⇧ 100% vs $92/sqft last year
Median Home Size
1,422 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 7 last year
  • Days on market: 53 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $217,475 (+17.6% YoY)
  • Average: $262,221 (-9.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.2 miles — 85 listings ($20,884,991 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55332Fairfax, MN 553320.0 mi3$904,200$301,400$301,400
56266Morgan, MN 5626612.4 mi5$1,003,390$240,250$200,678
55342Hector, MN 5534215.4 mi3$771,375$202,425$257,125
55396Winthrop, MN 5539616.8 mi8$1,663,768$206,175$207,971
55314Buffalo Lake, MN 5531418.3 mi3$817,500$313,500$272,500
55385Stewart, MN 5538518.4 mi1$176,200$176,200$176,200
56283Redwood Falls, MN 5628321.4 mi31$7,679,103$199,900$247,713
55312Brownton, MN 5531222.1 mi4$1,359,800$339,950$339,950
55334Gaylord, MN 5533424.7 mi6$1,392,000$232,000$232,000
56074Nicollet, MN 5607428.4 mi5$1,839,875$381,950$367,975
56228Cosmos, MN 5622828.9 mi2$198,000$99,000$99,000
56284Renville, MN 5628430.1 mi4$540,000$149,000$135,000
55307Arlington, MN 5530730.2 mi10$2,539,780$224,000$253,978

Frequently Asked Questions

How many homes are for sale in FAIRFAX, MN 55332?

As of March 2026, there are 4 active listings in FAIRFAX, MN (zip code 55332), compared to 7 the prior year.

What is the median home price in FAIRFAX, MN 55332?

The median listing price in FAIRFAX, MN 55332 is $217,475 as of March 2026, a 17.6% increase from $185,000 the prior year.

How long do homes stay on the market in FAIRFAX, MN?

Homes in FAIRFAX, MN 55332 spend an average of 53 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in FAIRFAX, MN 55332?

Based on current inventory and days-on-market data as of March 2026, FAIRFAX, MN 55332 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 53 days on market compared to 84 days last year.

How much can I save on real estate commission in FAIRFAX, MN?

With SELL123.com's maximum 3% commission, sellers in FAIRFAX, MN 55332 save an estimated $4,350 compared to a typical 5% commission on the median listing price of $217,475. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.