Is Fergus Falls, MN 56537 a buyer’s or seller’s market?

The Fergus Falls housing market right now

In the three months ending August 31, 2026, 33% of homes in Fergus Falls, MN 56537 sold above their list price, the typical home went under contract in 27 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 30%, homes sold more slowly (24 days then) and the median sale price fell 4% to $254,890. Overall, Fergus Falls is about as competitive as it was a year ago.

Within Otter Tail County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Fergus Falls ranks #149 of 296 MN ZIP codes with enough sales (score 68 out of 100).

Nearby, buyers who want less competition could look at Vergas 56587 (0% sold over asking) or Erhard 56534 (0% sold over asking), while Deer Creek 56527 (50% sold over asking) and New York Mills 56567 (38% sold over asking) are even more competitive.