Faribault Real Estate Market Reports
Published monthly figures and local context for Faribault.
Latest published report
August 2026
In August 2026, the median sale price in Faribault was $308,000, down 5.2% from a year earlier.
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.
Market trends in Faribault
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $312,500 | 20 | 64 | 3.4 |
| October 2024 | $290,000 | 25 | 41 | 3.2 |
| November 2024 | $250,000 | 23 | 46 | 2.9 |
| December 2024 | $315,950 | 18 | 61 | 2.6 |
| January 2025 | $300,000 | 15 | 85 | 2.4 |
| February 2025 | $250,778 | 12 | 82 | 2.1 |
| March 2025 | $345,000 | 21 | 75 | 2 |
| April 2025 | $312,000 | 24 | 53 | 2.3 |
| May 2025 | $337,950 | 24 | 30 | 3.1 |
| June 2025 | $295,950 | 28 | 75 | 3.5 |
| July 2025 | $317,625 | 30 | 36 | 3.5 |
| August 2025 | $325,000 | 36 | 83 | 3.5 |
| September 2025 | $285,000 | 25 | 68 | 3.3 |
| October 2025 | $274,750 | 24 | 56 | 3.4 |
| November 2025 | $334,500 | 32 | 64 | 3 |
| December 2025 | $264,900 | 27 | 51 | 2.4 |
| January 2026 | $299,000 | 13 | 57 | 2.4 |
| February 2026 | $271,250 | 12 | 68 | 1.9 |
| March 2026 | $265,500 | 25 | 76 | 1.8 |
| April 2026 | $280,000 | 23 | 102 | 2.4 |
| May 2026 | $315,000 | 23 | 74 | 2.6 |
| June 2026 | $311,000 | 33 | 68 | 3.5 |
| July 2026 | $264,950 | 28 | 46 | 4.1 |
| August 2026 | $308,000 | 34 | 39 | 3.7 |
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Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.