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PERHAM, MN 56573

Real Estate Market Report  ·  Otter Tail County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
29
vs 29 last year
Pending
3
10% pending ratio
Median Price
$369,500
⇧ 0.1% vs $369,000 last year
Average Price
$1,001,636
⇩ 1.8% vs $1,019,762 last year
Days on Market
105
⇩ 22.2% vs 135 days last year

Market Context

Population: 6,733  ·  Density: 18.9/mi²  ·  Median household income: $64,912

Typical home value: $241,478  ·  Homeownership: 75.9%

Market Analysis

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

The PERHAM, MN real estate market (56573) currently shows 29 active listings, with 3 pending sales. Homes are averaging 105 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 105 days on market compared to 135 days last year.

The median listing price has risen 0.1% year-over-year, from $369,000 to $369,500.

Whether you are buying or selling in PERHAM, 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 Trends

Inventory & Days on Market

Year over Year
  • Days on market: 105 now vs 135 last year

Median & Average Pricing

Year over Year
  • Median: $369,500 (+0.1% YoY)
  • Average: $1,001,636 (-1.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 31.0 miles — 131 listings ($66,676,826 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56573Perham, MN 565730.0 mi29$29,047,444$369,500$1,001,636
56544Frazee, MN 5654410.2 mi13$4,917,887$364,523$378,299
56576Richville, MN 5657612.3 mi7$4,396,931$484,950$628,133
56587Vergas, MN 5658714.8 mi3$1,638,000$489,000$546,000
56527Deer Creek, MN 5652720.0 mi1$169,900$169,900$169,900
56482Wadena, MN 5648222.0 mi24$6,314,400$259,950$263,100
56570Osage, MN 5657022.5 mi6$1,945,800$249,000$324,300
56464Menahga, MN 5646423.6 mi23$9,088,864$394,900$395,168
56586Underwood, MN 5658624.4 mi6$1,721,640$284,900$286,940
56477Sebeka, MN 5647726.4 mi9$2,515,500$221,950$279,500
56588Vining, MN 5658827.3 mi2$459,800$229,900$229,900
56524Clitherall, MN 5652428.0 mi6$3,911,760$329,000$651,960
56521Callaway, MN 5652131.0 mi2$548,900$274,450$274,450

Frequently Asked Questions

How many homes are for sale in PERHAM, MN 56573?

As of January 2026, there are 29 active listings in PERHAM, MN (zip code 56573), compared to 29 the prior year.

What is the median home price in PERHAM, MN 56573?

The median listing price in PERHAM, MN 56573 is $369,500 as of January 2026, a 0.1% increase from $369,000 the prior year.

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

Homes in PERHAM, MN 56573 spend an average of 105 days on the market before going under contract, compared to 135 days the prior year.

Is it a seller's or buyer's market in PERHAM, MN 56573?

Based on current inventory and days-on-market data as of January 2026, PERHAM, MN 56573 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 105 days on market compared to 135 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PERHAM, MN 56573 save an estimated $7,390 compared to a typical 5% commission on the median listing price of $369,500. 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.