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PERHAM, MN 56573

Real Estate Market Report
Seller's Market
July 2026  ·  Source: Realtor.com

Market Analysis

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

The PERHAM, MN real estate market (56573) currently shows 36 active listings, with 5 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 67 days on market compared to 68 days last year.

The median listing price has fallen 22.9% year-over-year, from $479,125 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 Context

Market Context

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

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

Market Overview

Active Listings
36
⇩ 21.7% vs 46 last year
Pending
5
14% pending ratio
Median Price
$369,500
⇩ 22.9% vs $479,125 last year
Average Price
$873,797
⇩ 14% vs $1,015,749 last year
Days on Market
67
⇩ 1.5% vs 68 days last year

Price Per Square Foot

Median $/sqft
$220
⇩ 7.9% vs $239/sqft last year
Median Home Size
1,831 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 46 last year
  • Days on market: 67 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $369,500 (-22.9% YoY)
  • Average: $873,797 (-14% 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 31.0 miles — 125 listings ($64,402,362 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56573Perham, MN 565730.0 mi29$29,169,795$367,750$1,005,855
56544Frazee, MN 5654410.2 mi11$4,267,791$359,761$387,981
56576Richville, MN 5657612.3 mi6$3,994,560$529,900$665,760
56587Vergas, MN 5658714.8 mi3$1,608,900$489,000$536,300
56527Deer Creek, MN 5652720.0 mi2$618,900$309,450$309,450
56482Wadena, MN 5648222.0 mi22$5,860,910$254,950$266,405
56570Osage, MN 5657022.5 mi6$2,074,752$313,475$345,792
56464Menahga, MN 5646423.6 mi22$8,890,310$404,925$404,105
56586Underwood, MN 5658624.4 mi6$1,589,628$292,400$264,938
56477Sebeka, MN 5647726.4 mi8$1,744,096$214,900$218,012
56588Vining, MN 5658827.3 mi2$459,800$229,900$229,900
56524Clitherall, MN 5652428.0 mi6$3,574,020$285,425$595,670
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 July 2026, there are 36 active listings in PERHAM, MN (zip code 56573), compared to 46 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 July 2026, a 22.9% decrease from $479,125 the prior year.

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

Homes in PERHAM, MN 56573 spend an average of 67 days on the market before going under contract, compared to 68 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 July 2026, PERHAM, MN 56573 is currently a Seller's Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 67 days on market compared to 68 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.