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FERGUS FALLS, MN 56537

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

Market Analysis

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

The FERGUS FALLS, MN real estate market (56537) currently shows 48 active listings, with 24 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 30 days on market compared to 65 days last year.

The median listing price has risen 22.8% year-over-year, from $278,900 to $342,500.

Whether you are buying or selling in FERGUS FALLS, 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: 19,870  ·  Density: 27.1/mi²  ·  Median household income: $59,824

Typical home value: $197,508  ·  Homeownership: 71.8%

Market Overview

Active Listings
48
⇩ 14.3% vs 56 last year
Pending
24
50% pending ratio
Median Price
$342,500
⇧ 22.8% vs $278,900 last year
Average Price
$356,210
⇩ 4.3% vs $372,142 last year
Days on Market
30
⇩ 53.8% vs 65 days last year

Price Per Square Foot

Median $/sqft
$160
⇧ 19.4% vs $134/sqft last year
Median Home Size
1,760 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 56 last year
  • Days on market: 30 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $342,500 (+22.8% YoY)
  • Average: $356,210 (-4.3% 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 33.2 miles — 142 listings ($50,548,467 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56537Fergus Falls, MN 565370.0 mi37$12,756,231$336,250$344,763
56324Dalton, MN 5632411.7 mi2$269,800$134,900$134,900
56534Erhard, MN 5653413.4 mi4$1,905,732$549,900$476,433
56515Battle Lake, MN 5651518.3 mi7$3,349,920$349,999$478,560
56520Breckenridge, MN 5652019.8 mi23$6,473,718$289,600$281,466
56528Dent, MN 5652822.0 mi7$3,111,920$499,900$444,560
56576Richville, MN 5657622.7 mi6$3,994,560$529,900$665,760
56583Tintah, MN 5658324.3 mi1$640,000$640,000$640,000
56587Vergas, MN 5658727.1 mi3$1,608,900$489,000$536,300
56588Vining, MN 5658828.4 mi2$459,800$229,900$229,900
58075Wahpeton, ND 5807530.2 mi38$11,345,926$329,900$298,577
56551Henning, MN 5655130.6 mi10$3,673,960$305,700$367,396
58001Abercrombie, ND 5800133.2 mi2$958,000$479,000$479,000

Frequently Asked Questions

How many homes are for sale in FERGUS FALLS, MN 56537?

As of March 2026, there are 48 active listings in FERGUS FALLS, MN (zip code 56537), compared to 56 the prior year.

What is the median home price in FERGUS FALLS, MN 56537?

The median listing price in FERGUS FALLS, MN 56537 is $342,500 as of March 2026, a 22.8% increase from $278,900 the prior year.

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

Homes in FERGUS FALLS, MN 56537 spend an average of 30 days on the market before going under contract, compared to 65 days the prior year.

Is it a seller's or buyer's market in FERGUS FALLS, MN 56537?

Based on current inventory and days-on-market data as of March 2026, FERGUS FALLS, MN 56537 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 30 days on market compared to 65 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FERGUS FALLS, MN 56537 save an estimated $6,850 compared to a typical 5% commission on the median listing price of $342,500. 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.