Photo: Jon Platek · CC BY-SA 3.0252 homes sold in Faribault in the last year, at a typical $280K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Faribault homes are listed.
Every place Faribault homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Faribault.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 88% of Faribault’s sales, at a typical $283K
252 homes sold in the year to May 2026.
typical sale · 223 sold in 12 months
- Per square foot
- $156MN $191
- Days to sell
- 37
- Sold over asking
- 35%
- Listings with a price cut
- 30%
Multi-family (2–4 units): 3 sold, typical $210K
Townhouses: 25 sold, typical $304K
Condos: 1 sold, typical $105K
Too few sales in 12 months for reliable figures.
Fewer homes sell than a decade ago, at twice the 2016 price
252 sales in the last year, against 357 in 2017 and a low of 236 in 2024. The typical sale went from $147K in 2016 to $280K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Faribault
Check a listing against what Faribault homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Faribault are back to pre-pandemic levels, with about as many homes for sale
We read every month of Faribault’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 252 sales.
If you’re buying in Faribault
- Shop in April. It brings about 33 new listings a month, close to the busiest month, with fewer bidding wars (35% over asking).
- Some room to negotiate. 29% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.2% of the list price on average; 32% paid over.
- You’ll usually have time. Only 35% of homes go under contract within two weeks; the typical one takes 39 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 39 a month), and the most competition: 46% close over asking. April offers nearly as much choice with fewer homes bid up (35%). February has the least competition (28%) but only about 22 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Faribault now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 35% | 57% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 35% | 44% | 65% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 29% | 26% | 22% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.2% | 99.2% | 101.9% | 99.2% |
| Days to sellMedian days from listing to contract | 39 | 33 | 15 | 35 |
55 homes for sale on a typical day
That’s twice the 2023 low (27), 14% fewer than in 2017–19 and well under 2013’s 157.
1 in 3 listings has cut its price
29% in the last year, against 26% in 2017–19 and 28% across Minnesota.
Faribault ranks 82nd of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Faribault is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Faribault home costs about $1,685 a month
Price: Faribault’s typical sale, last 12 months. Property tax at Faribault’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Faribault is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 12.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $280K home, about $2,680 a year.
Taxes vs. neighborsSchools
The schools grade for Faribault, from test results, graduation and how much students grow.
Schools in FaribaultTypical commute
The average one-way trip to work for people who live in Faribault.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Faribault, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Owatonna | 334 | $281K | $155 | 34% | 34 |
| Faribault | 252 | $280K | $156 | 32% | 39 |
| Northfield | 238 | $359K | $176 | 29% | 33 |
| Lonsdale | 73 | $376K | $182 | 32% | 31 |
| Montgomery | 61 | $295K | $176 | 33% | 51 |
| Waterville | 36 | $225K | $166 | 19% | 58 |
| Kenyon | 35 | $247K | $156 | 26% | 39 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Faribault, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Faribault. People who follow the town see it, and so do people comparing Faribault with their own town. No commission, no listing fee.
Questions about buying a home in Faribault
What do homes sell for in Faribault, MN?
252 homes sold in the year to May 2026 at a typical $280K, $156 a square foot.
Is Faribault a buyer’s or seller’s market?
A seller’s market: 51 homes were for sale in May 2026 and 21 sold, about 2.4 months of supply. Buyers paid 99.2% of asking on average, and 29% of listings cut their price.
When is the best time to buy in Faribault?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Faribault?
About 1% of a home’s value a year. On a $280K home that’s near $2,680.
Where can I see homes for sale in Faribault?
Zillow, Redfin, Realtor.com and Homes.com all carry Faribault’s MLS listings; the search links above open each one filtered to Faribault.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).