Homes for Sale in Faribault, MN

Here is where the Faribault market stood in August 2026. The median sale price has decreased by 5% from last year to $308,000, 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 44 days more quickly than last year, averaging 39 days on market, and sellers are receiving 96.3% of their original asking price. The area is currently a balanced market with 3.7 months of supply. Active inventory is up 12% from last year to 93 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.