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Featured local agent — Faribault, MN
Sarah Mitchell
Compass Real Estate · Faribault, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Faribault, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$295,000median sale price
How is the Faribault, MN housing market right now?
The median home sale price in Faribault, MN is $295,000, down 6.2% year-over-year. Homes sell in an average of 46 days with 51 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Faribault a buyer's or seller's market?
Faribault, MN is currently a seller's market, based on 2.4 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
46
Average pace
Active listings
51
2.4 months supply
Sale-to-list
99.1%
Below asking
What does the Faribault housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $295,000 |
| Median list price | $265,000 |
| Year-over-year price change | -6.2% |
| Average days on market | 46 days |
| Active inventory | 51 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 33 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Faribault by property type?
How the Faribault, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $315,000 | $176/sq ft | 19 | 43 days |
| Condo / Co-op | $105,000 | $101/sq ft | 1 | 20 days |
| Townhouse | $264,000 | $209/sq ft | 1 | 70 days |
Source: Redfin · Updated monthly
The Faribault housing market is currently classified as a seller's market with a median sale price of $295,000. Prices have fallen 6.2% compared to last year, with homes spending an average of 46 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Homes for sale in Faribault
There are currently 51 homes listed for sale in Faribault, Minnesota. The median listing price is $265K.
Active listings
51
Homes on market
Median list price
$265K
Avg. days on market
46
Days until sale
New this week
33
Newly listed
Who lives in Faribault?
Population
24,458
Median income
$61,662/yr
Median age
38.4 years
Owner-occupied
65.4%
College grads
17.5%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Faribault?
Zillow home value
$308,774
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Faribault?
Faribault is a community of approximately 24K residents with a median age of 38.4 years.The median household income is $61,662, which represents a working-class community with solid middle-income opportunities. 17.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 19.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Faribault offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Faribault?
20 schools tracked · 3,590 students
The largest public schools serving Faribault, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
FARIBAULT SENIOR HIGH
Grades 9-12 · 961 students
FARIBAULT MIDDLE
Grades 6-8 · 636 students
LINCOLN ELEMENTARY
Grades K-5 · 423 students
ROOSEVELT ELEMENTARY
Grades PK-5 · 418 students
JEFFERSON ELEMENTARY
Grades PK-5 · 395 students
CANNON RIVER STEM SCHOOL
Grades K-8 · 234 students
FARIBAULT AREA LEARNING CENTER
Grades 9-12 · 99 students
EARLY CHILDHOOD SPECIAL EDUCATION
Grades PK · 93 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Faribault, MN?
Want a head-to-head view? Compare Faribault side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Faribault?
The median home sale price in Faribault is $295,000, down 6.2% from last year.
How long do homes stay on market in Faribault?
Homes typically spend 46 days on market before going under contract.
What is the median income in Faribault?
The median household income is $61,662 per year.
Is Faribault a buyer's or seller's market?
With 2.4 months of supply, Faribault is currently a seller's market.
What is the Zillow home value estimate for Faribault?
The Zillow Home Value Index (ZHVI) for Faribault is $308,774, representing the typical home value in the area.
What is the median condo price in Faribault?
The median condo/co-op sale price in Faribault, MN is $105,000, compared to $315,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Faribault?
The median single-family home price in Faribault, MN is $315,000 (about $176 per square foot).
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