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Featured local agent — Northfield, MN
Sarah Mitchell
Compass Real Estate · Northfield, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Northfield, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$397,500median sale price
How is the Northfield, MN housing market right now?
The median home sale price in Northfield, MN is $397,500, up 4.6% year-over-year. Homes sell in an average of 26 days with 46 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 Northfield a buyer's or seller's market?
Northfield, MN is currently a seller's market, based on 2.1 months of supply and homes selling in about 26 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
26
Average pace
Active listings
46
2.1 months supply
Sale-to-list
99.2%
Below asking
What does the Northfield housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $397,500 |
| Median list price | $362,450 |
| Year-over-year price change | +4.6% |
| Average days on market | 26 days |
| Active inventory | 46 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 99.2% |
| Median price per sq ft | $183/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 23 |
| Listings with a price cut | 23.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Northfield by property type?
How the Northfield, 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 | $400,000 | $186/sq ft | 13 | 30 days |
| Condo / Co-op | $123,000 | $195/sq ft | 1 | 42 days |
| Townhouse | $395,000 | $173/sq ft | 9 | 24 days |
Source: Redfin · Updated monthly
The Northfield housing market is currently classified as a seller's market with a median sale price of $397,500. Prices have risen 4.6% compared to last year, with homes spending an average of 26 days on market, indicating 2.1 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 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Northfield
There are currently 46 homes listed for sale in Northfield, Minnesota. The median listing price is $362K.
Active listings
46
Homes on market
Median list price
$362K
Avg. days on market
26
Days until sale
New this week
23
Newly listed
Who lives in Northfield?
Population
20,678
Median income
$92,000/yr
Median age
28.3 years
Owner-occupied
69.8%
College grads
51.5%
Avg commute
18.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Northfield?
Zillow home value
$399,575
Zillow rent index
$1,640/mo
Price-to-rent ratio
20.3x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Northfield?
Northfield is a community of approximately 21K residents with a median age of 28.3 years.The median household income is $92,000, which reflects a relatively affluent area with strong earning potential. 51.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 69.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.9 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Northfield offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Northfield?
13 schools tracked · 4,154 students
The largest public schools serving Northfield, 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.
NORTHFIELD SENIOR HIGH
Grades 9-12 · 1,295 students
NORTHFIELD MIDDLE
Grades 6-8 · 850 students
BRIDGEWATER ELEMENTARY
Grades K-5 · 563 students
GREENVALE PARK ELEMENTARY
Grades K-5 · 482 students
Spring Creek Elementary
Grades K-5 · 462 students
PRAIRIE CREEK COMMUNITY SCHOOL
Grades K-5 · 179 students
NORTHFIELD AREA LEARNING CENTER
Grades 6-12 · 131 students
ARCADIA CHARTER SCHOOL
Grades 6-12 · 100 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 Northfield, MN?
Want a head-to-head view? Compare Northfield side-by-side with any other U.S. city using our market-comparison tool.
Is Northfield a good real estate investment market?
For investors evaluating Northfield, the price-to-rent ratio of 20.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 4.6% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Northfield's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Northfield's median home price.
Frequently asked questions
What is the average home price in Northfield?
The median home sale price in Northfield is $397,500, up 4.6% from last year.
How long do homes stay on market in Northfield?
Homes typically spend 26 days on market before going under contract.
What is the median income in Northfield?
The median household income is $92,000 per year.
Is Northfield a buyer's or seller's market?
With 2.1 months of supply, Northfield is currently a seller's market.
What is the Zillow home value estimate for Northfield?
The Zillow Home Value Index (ZHVI) for Northfield is $399,575, representing the typical home value in the area.
What is the median condo price in Northfield?
The median condo/co-op sale price in Northfield, MN is $123,000, compared to $400,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Northfield?
The median single-family home price in Northfield, MN is $400,000 (about $186 per square foot).
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