Faribault, MN metro area Housing Market
Cool MarketComprehensive housing market data for the Faribault, MN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$325K
↓ 14.5% YoY
Days on Market
44 days
↓ 35.3% YoY
Active Inventory
120
↑ 18.8% YoY
Homes Sold
29
↓ 3.3% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Faribault, MN metro area Market Summary
The Faribault, MN metro area housing market is cooling down. As of January 2026, the median home sale price is $325K, down 14.5% year-over-year. Homes are spending a median of 44 days on the market, 35.3% shorter than a year ago.
There are 120 homes for sale — 18.8% more than last year. With 4.1 months of supply, this is a balanced market. 36 new listings were added during this period, down 12.2% year-over-year.
Homes are selling for 99.3% of their list price on average, suggesting room for negotiation. 24.1% of homes sell above their asking price. 20.0% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
67
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 23% below the national median, which could indicate stronger cash flow potential.
Faribault, MN metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$322K
Price per Sq Ft
$166
Sale-to-List Ratio
99.3%
Months of Supply
4.1
Sold Above List
24.1%
Price Drops
20.0%
New Listings
36
↓ 12.2% YoY
Pending Sales
38
Off Market in 2 Weeks
23.7%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.