Faribault Real Estate Market Report: September 2025
In September 2025, the median sale price in Faribault was $285,000, down 8.8% from a year earlier.
- Median Sales Price
- $285,000
- -8.8% vs. September 2024
- Homes for Sale
- 78
- +5.4% vs. September 2024
- Months Supply
- 3.3
- -2.9% vs. September 2024
- Balanced market
- Days on Market
- 68
- +6.3% vs. September 2024
- Closed Sales
- 25
- +25% vs. September 2024
- Percent of Original List Received
- 93.6%
- -4.5 pts vs. September 2024
What this means
The median sale price has decreased by 9% from last year to $285,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 4 days longer than last year, averaging 68 days on market, and sellers are receiving 93.6% of their original asking price.
The area is currently a balanced market with 3.3 months of supply. Active inventory is up 5% from last year to 78 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.
Common questions about the Faribault market
Is Faribault a buyer's or seller's market?
Faribault was a balanced market in September 2025, with 3.3 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 78 homes for sale.
How fast are homes selling in Faribault?
Homes that sold in September 2025 spent an average of 68 days on market, 4 days slower than a year earlier. Sellers received 93.6% of their original list price on average.
Are home prices going up in Faribault?
No. The median sale price fell 8.8% year over year to $285,000. Price per square foot moved the other way (from $175 to $194), which suggests the change mostly reflects the mix of homes sold.
Market trends in Faribault
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $347,500 | 26 | 38 | 2.7 |
| 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 |
How Faribault compares with the Twin Cities region
In September 2025, the median sale price in Twin Cities (16-County Region) was $390,000, up 2.6% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
Get the Faribault market report every month
We will email you the monthly numbers and what they mean for buyers and sellers.