$10,000 Closing Credit*
$1,100,000
7,650 SqFt
5 Beds
•4 Full Baths, 1 Partial
Listing Office: Counselor Realty Detroit Lakes
Is Fergus Falls, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fergus Falls has remained a Seller's Market.
Key Takeaway
Fergus Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fergus Falls, MN
How much do homes in Fergus Falls, MN cost?
Median Sold Price
$226,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,000(+7.6%)
Key Takeaway
Homes in Fergus Falls have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Fergus Falls was $226,000 in November 2024, up 7.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $76.5K | -21.5% |
| 2 Bedrooms | $169.9K | $155.4K | -8.5% |
| 3 Bedrooms | $189.7K | $220K | +16.0% |
| 4 Bedrooms | $252.5K | $269.5K | +6.7% |
| 5+ Bedrooms | $272.4K | $358.5K | +31.6% |
Summary: Fergus Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
| Fergus Falls | $210K | $226K | +7.6% |
| Fergus Falls Township | $210K | $226K | +7.6% |
Housing Supply in Fergus Falls, MN
How many homes are available in Fergus Falls, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 74 | -8.6% |
Summary: The Fergus Falls real estate market had 74 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 38 | 34 | -10.5% |
| 4 Bedrooms | 21 | 19 | -9.5% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Fergus Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 13 | -51.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fergus Falls, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Fergus Falls in November 2024, down by 51.9% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.
Days on Market for Fergus Falls, MN
How long does it take to sell a home in Fergus Falls, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 49 Days | +31.2% |
Summary: Homes in Fergus Falls had an average of 49 days on market in Nov 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fergus Falls are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Fergus Falls; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
