Photo: Ben Franske · CC BY-SA 4.032 homes sold in Perham in the last year, at a typical $271K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Perham homes are listed.
Every place Perham homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Perham.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 97% of Perham’s sales, at a typical $271K
32 homes sold in the year to May 2026.
typical sale · 31 sold in 12 months
- Per square foot
- $155MN $191
- Days to sell
- 106
- Sold over asking
- 13%
- Listings with a price cut
- 21%
Condos: 1 sold, typical $239K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
32 sales in the last year, against 62 in 2017 and a low of 34 in 2016. The typical sale went from $139K in 2016 to $271K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Perham
Check a listing against what Perham homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Perham are rarer than before the pandemic, but 43% fewer homes come up for sale
We read every month of Perham’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 32 sales.
If you’re buying in Perham
- Shop in June. It brings about 7 new listings a month, close to the busiest month, with fewer bidding wars (15% over asking).
- You can negotiate. 20% of listings have cut their price, against 5% before the pandemic.
- Offer under asking. Buyers paid 96.1% of the list price on average; 13% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 101 days.
Spring brings the homes; winter brings the bidding wars
May has the most new listings (about 8 a month), but December is the most competitive: 26% of December sales close over asking. June offers nearly as much choice with fewer homes bid up (15%). January has the least competition (10%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Minnesota
| Perham now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 22% | 27% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 4% | 19% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 20% | 5% | 14% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 96.1% | 97.8% | 98% | 99.2% |
| Days to sellMedian days from listing to contract | 101 | 91 | 55 | 35 |
12 homes for sale on a typical day
That’s 1.4 times the 2022 low (9), 43% fewer than in 2017–19 and well under 2012’s 25.
1 in 5 listings has cut its price
20% in the last year, against 5% in 2017–19 and 28% across Minnesota. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Perham home costs about $1,678 a month
Price: Perham’s typical sale, last 12 months. Property tax at Perham’s 1.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Perham is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. February has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $271K home, about $3,170 a year.
Taxes vs. neighborsSchools
The schools grade for Perham, from test results, graduation and how much students grow.
Schools in PerhamCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Perham, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Perham. People who follow the town see it, and so do people comparing Perham with their own town. No commission, no listing fee.
Questions about buying a home in Perham
What do homes sell for in Perham, MN?
32 homes sold in the year to May 2026 at a typical $271K, $156 a square foot.
Is Perham a buyer’s or seller’s market?
A balanced market: 21 homes were for sale in May 2026 and 4 sold, about 5.3 months of supply. Buyers paid 96.1% of asking on average, and 20% of listings cut their price.
When is the best time to buy in Perham?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Perham?
About 1.2% of a home’s value a year. On a $271K home that’s near $3,170.
Where can I see homes for sale in Perham?
Zillow, Redfin, Realtor.com and Homes.com all carry Perham’s MLS listings; the search links above open each one filtered to Perham.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).