Data as of July 2026. Source: Realtor.com.
The FAIRMONT, MN real estate market (56031) currently shows 74 active listings, with 19 pending sales. Homes are averaging 59 days on the market before going under contract.
Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 59 days on market compared to 55 days last year.
The median listing price has fallen 3.4% year-over-year, from $236,675 to $228,725.
Whether you are buying or selling in FAIRMONT, 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.
Population: 11,861 · Density: 29.3/mi² · Median household income: $58,647
Typical home value: $162,799 · Homeownership: 68.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 56031 | Fairmont, MN 56031 | 0.0 mi | 50 | $14,723,900 | $259,600 | $294,478 |
| 56181 | Welcome, MN 56181 | 8.4 mi | 6 | $2,087,682 | $322,250 | $347,947 |
| 50531 | Dolliver, IA 50531 | 13.5 mi | 1 | $199,900 | $199,900 | $199,900 |
| 50514 | Armstrong, IA 50514 | 14.4 mi | 5 | $859,875 | $171,975 | $171,975 |
| 56047 | Huntley, MN 56047 | 15.4 mi | 1 | $110,000 | $110,000 | $110,000 |
| 50590 | Swea City, IA 50590 | 17.1 mi | 3 | $282,750 | $94,250 | $94,250 |
| 56098 | Winnebago, MN 56098 | 17.6 mi | 10 | $1,411,830 | $138,800 | $141,183 |
| 56013 | Blue Earth, MN 56013 | 18.0 mi | 21 | $4,279,149 | $199,450 | $203,769 |
| 56027 | Elmore, MN 56027 | 18.6 mi | 4 | $520,000 | $130,000 | $130,000 |
| 56060 | Lewisville, MN 56060 | 21.5 mi | 1 | $159,950 | $159,950 | $159,950 |
| 50578 | Ringsted, IA 50578 | 22.6 mi | 1 | $419,000 | $419,000 | $419,000 |
| 56010 | Amboy, MN 56010 | 23.5 mi | 1 | $209,900 | $209,900 | $209,900 |
| 50517 | Bancroft, IA 50517 | 25.1 mi | 2 | $310,000 | $155,000 | $155,000 |
As of July 2026, there are 74 active listings in FAIRMONT, MN (zip code 56031), compared to 51 the prior year.
The median listing price in FAIRMONT, MN 56031 is $228,725 as of July 2026, a 3.4% decrease from $236,675 the prior year.
Homes in FAIRMONT, MN 56031 spend an average of 59 days on the market before going under contract, compared to 55 days the prior year.
Based on current inventory and days-on-market data as of July 2026, FAIRMONT, MN 56031 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 59 days on market compared to 55 days last year.
With SELL123.com's maximum 3% commission, sellers in FAIRMONT, MN 56031 save an estimated $4,575 compared to a typical 5% commission on the median listing price of $228,725. 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.