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Perham

Why you'd want to live in Perham

Perham is a small, yet vibrant city located on Highway 10 in Otter Tail County, the heart of Minnesota’s lake country. More than 3,000 people call Perham, Minnesota home and are happy to share why they love living in Perham. Perham is more than just a great place to live and raise a family. The city is home to many lakes, with swimming, boating, and fishing in the summer, and community events and activities year-round. We also have an active downtown, with many shops, restaurants, and attractions for people of all ages. Companies in Perham do business locally, regionally, nationally, and even internationally. In fact, products made right here in Perham, Minnesota, are exported to over twenty countries worldwide. Click here to watch an interview with Kenny Nelson of KLN Enterprises of Perham. With a wide variety of recreational activities, and a relaxed, resort-like lifestyle, Perham offers many of the attractions of big-city life while providing the home-town feel of a smaller community. via ci.perham.mn.us

Perham Market Report

$306,664

AVERAGE PRICE OF 47 HOMES

$2,875,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$431,968

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

Average Home

Average Price $306,664
Avg Bedrooms 1.81 beds
Avg Bathrooms 1.36 baths

Average Price by Bedrooms

2 bedrooms $389,900
3 bedrooms $367,885
4 bedrooms $429,760
5 bedrooms $369,900
Perham Home Price Trends
  2/2025 1/2025 12/2024 11/2024 10/2024
Total Listings 52 58 61 63 70
Average Price $302,750 $340,634 $351,715 $365,771 $365,190
Avg Price Change -12.51% -3.25% -4.00% +0.16% -1.65%
Median Price $230,675 $241,756 $270,995 $319,713 $340,000
Med Price Change -4.80% -12.09% -17.98% -6.35% +15.84%
Avg Bedrooms 1.67 beds 1.69 beds 1.82 beds 1.98 beds 1.97 beds
Avg Bathrooms 1.32 baths 1.31 baths 1.37 baths 1.44 baths 1.47 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 47 $306,664 224 days
Multi-Million Dollar Homes 1 $2,875,000 71 days
Newly Built Homes 9 $431,968 229 days
Centennial Realty
Bonnie Dykhoff
94 Miller Street
New York Mills, MN 56567
218-385-3562

Based on information submitted to the MLS GRID as of March 20, 2025 3 AM. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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