Faribault, MN
Housing market overview · Updated weekly
$270,000median sale price
Homes sold
11
Last 12 weeks
Days on market
67
Average pace
Active listings
40
3.6 months supply
Sale-to-list
100.7%
Above asking
The Faribault housing market is currently classified as a balanced market with a median sale price of $270,000. Prices have risen 7.7% compared to last year, with homes spending an average of 67 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Faribault
There are currently 40 homes listed for sale in Faribault, Minnesota. The median listing price is $295K.
Active listings
40
Homes on market
Median list price
$295K
Avg. days on market
67
Days until sale
New this week
12
Newly listed
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Frequently asked questions
What is the average home price in Faribault?
The median home sale price in Faribault is $270,000, up 7.7% from last year.
How long do homes stay on market in Faribault?
Homes typically spend 67 days on market before going under contract.
Is Faribault a buyer's or seller's market?
With 3.6 months of supply, Faribault is currently a balanced market.
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