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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

$375,455

AVERAGE PRICE OF 45 HOMES

$2,795,000

AVERAGE PRICE OF 1 MULTI-MILLION DOLLAR HOMES

$378,977

AVERAGE PRICE OF 9 NEWLY BUILT HOMES

$284,900

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $375,455
Avg Bedrooms 2.04 beds
Avg Bathrooms 1.47 baths

Average Price by Bedrooms

2 bedrooms $268,725
3 bedrooms $406,407
4 bedrooms $385,966
5 bedrooms $354,900
Perham Home Price Trends
  10/2025 9/2025 8/2025 7/2025 6/2025
Total Listings 51 53 53 48 50
Average Price $409,624 $431,108 $456,328 $463,597 $412,296
Avg Price Change -5.24% -5.85% -1.59% +12.44% +8.04%
Median Price $356,981 $364,975 $368,739 $369,401 $350,467
Med Price Change -2.24% -1.03% -0.18% +5.40% -1.38%
Avg Bedrooms 2.29 beds 2.36 beds 2.44 beds 2.33 beds 2.08 beds
Avg Bathrooms 1.63 baths 1.71 baths 1.81 baths 1.8 baths 1.63 baths
Total Homes Average Price Avg Days on Site
All Homes 45 $375,455 154 days
Multi-Million Dollar Homes 1 $2,795,000 311 days
Newly Built Homes 9 $378,977 236 days
Reduced Price Homes 1 $284,900 16 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 November 10, 2025 4 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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