Data as of June 2026. Source: Realtor.com.
The FAIRMONT, MN real estate market (56031) currently shows 73 active listings, with 21 pending sales. Homes are averaging 63 days on the market before going under contract.
Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 63 days on market compared to 39 days last year.
The median listing price has fallen 11.3% year-over-year, from $266,175 to $236,200.
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 June 2026, there are 73 active listings in FAIRMONT, MN (zip code 56031), compared to 51 the prior year.
The median listing price in FAIRMONT, MN 56031 is $236,200 as of June 2026, a 11.3% decrease from $266,175 the prior year.
Homes in FAIRMONT, MN 56031 spend an average of 63 days on the market before going under contract, compared to 39 days the prior year.
Based on current inventory and days-on-market data as of June 2026, FAIRMONT, MN 56031 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 63 days on market compared to 39 days last year.
With SELL123.com's maximum 3% commission, sellers in FAIRMONT, MN 56031 save an estimated $4,724 compared to a typical 5% commission on the median listing price of $236,200. 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.