John C. Nutting House · Photo: McGhiever · CC BY-SA 4.0238 homes sold in Northfield in the last year, at a typical $359K
About one sale in 3 is a condo. 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 Northfield homes are listed.
Every place Northfield 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 Northfield.
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.
4% of Northfield’s sales are condos, at $125K less than a house
161 houses and 10 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 161 sold in 12 months
- Per square foot
- $183MN $191
- Days to sell
- 32
- Sold over asking
- 34%
- Listings with a price cut
- 26%
typical sale · 10 sold in 12 months
- Per square foot
- $241MN $205
- Days to sell
- 56
- Sold over asking
- 10%
- Listings with a price cut
- 28%
Multi-family (2–4 units): 2 sold, typical $453K
Townhouses: 65 sold, typical $302K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.7 times the 2016 price
238 sales in the last year, against 317 in 2020 and a low of 208 in 2024. The typical sale went from $211K in 2016 to $359K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Northfield
Check a listing against what Northfield 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 Northfield are back to pre-pandemic levels, with about as many homes for sale
We read every month of Northfield’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, 238 sales.
If you’re buying in Northfield
- Shop in May. It brings about 36 new listings a month, close to the busiest month, with fewer bidding wars (34% over asking).
- You can negotiate. 26% of listings have cut their price, against 22% before the pandemic.
- Bid near asking. Buyers paid 99.3% of the list price on average; 29% paid over.
- You’ll usually have time. Only 42% of homes go under contract within two weeks; the typical one takes 33 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 36 a month), but June is the most competitive: 42% of June sales close over asking. January has the least competition (24%) but only about 14 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Northfield now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 25% | 54% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 42% | 42% | 62% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 26% | 22% | 15% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.3% | 98.8% | 102% | 99.2% |
| Days to sellMedian days from listing to contract | 33 | 38 | 16 | 35 |
50 homes for sale on a typical day
That’s 1.5 times the 2021 low (32), 13% fewer than in 2017–19 and well under 2013’s 119.
1 in 4 listings has cut its price
26% in the last year, against 22% in 2017–19 and 28% across Minnesota.
Since 2019, houses are up 43%, condos 12%
A house typically sold for $384K in the last year (161 sales), a condo for $259K (10).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Northfield ranks 97th of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Northfield 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 Northfield home costs about $2,284 a month
Price: Northfield’s typical sale, last 12 months. Property tax at Northfield’s 1.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Northfield is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 11.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $359K home, about $4,930 a year.
Taxes vs. neighborsSchools
The schools grade for Northfield, from test results, graduation and how much students grow.
Schools in NorthfieldTypical commute
The average one-way trip to work for people who live in Northfield.
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.
Faribault and Kenyon sell for less a square foot
The busier markets within 25 miles of Northfield, 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 | |
|---|---|---|---|---|---|
| Farmington | 412 | $398K | $191 | 32% | 39 |
| Faribault | 252 | $280K | $156 | 32% | 39 |
| Northfield | 238 | $359K | $176 | 29% | 33 |
| Elko New Market | 129 | $439K | $183 | 29% | 53 |
| Lonsdale | 73 | $376K | $182 | 32% | 31 |
| Cannon Falls | 60 | $332K | $184 | 22% | 62 |
| 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 Northfield, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Northfield. People who follow the town see it, and so do people comparing Northfield with their own town. No commission, no listing fee.
Questions about buying a home in Northfield
What do homes sell for in Northfield, MN?
238 homes sold in the year to May 2026 at a typical $359K, $176 a square foot. Houses sold for about $384K, condos for about $259K.
Is Northfield a buyer’s or seller’s market?
A seller’s market: 46 homes were for sale in May 2026 and 22 sold, about 2.1 months of supply. Buyers paid 99.3% of asking on average, and 26% of listings cut their price.
When is the best time to buy in Northfield?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Northfield?
About 1.4% of a home’s value a year. On a $359K home that’s near $4,930.
Where can I see homes for sale in Northfield?
Zillow, Redfin, Realtor.com and Homes.com all carry Northfield’s MLS listings; the search links above open each one filtered to Northfield.
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).