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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

$354,177

AVERAGE PRICE OF 48 HOMES

$2,875,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$410,481

AVERAGE PRICE OF 11 NEWLY BUILT HOMES

$349,500

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $354,177
Avg Bedrooms 1.92 beds
Avg Bathrooms 1.44 baths

Average Price by Bedrooms

2 bedrooms $569,450
3 bedrooms $421,863
4 bedrooms $313,066
Perham Home Price Trends
  4/2025 3/2025 2/2025 1/2025 12/2024
Total Listings n/a 47 52 58 61
Average Price n/a $311,824 $302,750 $340,634 $351,715
Avg Price Change n/a +3.00% -12.51% -3.25% -4.00%
Median Price n/a $291,687 $230,675 $241,756 $270,995
Med Price Change n/a +26.45% -4.80% -12.09% -17.98%
Avg Bedrooms n/a 1.84 beds 1.67 beds 1.69 beds 1.82 beds
Avg Bathrooms n/a 1.41 baths 1.32 baths 1.31 baths 1.37 baths
Total Homes Average Price Avg Days on Site
All Homes 48 $354,177 206 days
Multi-Million Dollar Homes 1 $2,875,000 126 days
Newly Built Homes 11 $410,481 177 days
Reduced Price Homes 1 $349,500 57 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 May 14, 2025 10 PM. 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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