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Perham Housing Market Report June 2025•Otter Tail County, Minnesota

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Housing Prices in Perham, MN

How much do homes in Perham, MN cost?

Housing Market Conditions

Is Perham, MN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Perham is a Buyer's Market

Difference Since June 2024

At the same time last year, Perham was a Seller's Market.

Insight

Perham is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$342,500$168/SqFt

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Perham has remained the same since last year.

Summary: The median home sold price in Perham was $342,500 in June 2025, the same as last year, and the median price per square foot was $168.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Perham Township
0.0%
Perham
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJun 2024Jun 2025Change YoY
1$199.7K-
N/A
2$349K$210K
-39.8%
3$313.7K$321.6K
+2.5%
4$375.5K$362.5K
-3.5%
5$600K$475K
-20.8%

Summary: Perham housing price by bedroom type for June 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -39.8%. The home price for 3 bedroom homes increased by +2.5%. The home price for 4 bedroom homes decreased by -3.5%. The home price for 5 bedroom homes decreased by -20.8%.

How does Perham, MN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Perham, MN

Housing supply in Perham, MN

How many homes are available in Perham, MN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
49Last MonthJun 2025
442 months agoMay 2025
+11.4 %
Change MoMMay – Jun

Summary: The Perham real estate market had 49 homes for sale in Jun 2025, a 11.4 % increase compared to May 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthJun 2025
62 months agoMay 2025
-16.7 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
122
0.0%
234
+33.3%
32730
+11.1%
467
+16.7%
566
0.0%

Summary: Perham housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +33.3%. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes increased by +16.7%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Perham, MN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Perham, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Perham in June 2025, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.

Days on Market for Perham, MN

How long does it take to sell a home in Perham, MN?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in Perham are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 5 homes were sold in Perham; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
70 DaysThis YearJun 2025
44 Days1 year agoJun 2024
+60.0 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in Perham had an average listing age of 70 days in Jun 2025, up by 60.0% compared to the previous year.

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Newest Listings in Perham, MN

What homes are available in Perham, MN?

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MLS Disclaimers and Copyright

Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 07/01/2023 - 07/01/2025

IDX Broker Reciprocity Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/10/2025, 12:52:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.