Homes for Sale in Faribault, MN

Here is where the Faribault market stood in September 2026. The median sale price has decreased by 6% from last year to $270,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling. Homes are selling 16 days longer than last year, averaging 84 days on market, and sellers are receiving 96.1% of their original asking price. The area is currently a balanced market with 3.8 months of supply. Active inventory is up 19% from last year to 95 homes for sale.

In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.

In Faribault, homes were most commonly built in 1939 or earlier, about 66% of occupied homes are owner-occupied, and the average commute is 19 minutes. Roughly 63% of homes are single-family detached, and the median home was built in 1974.

Homeowners with a mortgage typically spend $1,581 a month on housing costs, lower than the Twin Cities metro and the median property tax bill is $2,316 a year.