Northfield Real Estate Market Report: October 2025
In October 2025, the median sale price in Northfield was $297,500, down 6.7% from a year earlier.
- Median Sales Price
- $297,500
- -6.7% vs. October 2024
- Homes for Sale
- 65
- +16.1% vs. October 2024
- Months Supply
- 3.3
- -2.9% vs. October 2024
- Balanced market
- Days on Market
- 36
- +12.5% vs. October 2024
- Closed Sales
- 23
- +21.1% vs. October 2024
- Percent of Original List Received
- 95.3%
- -3.3 pts vs. October 2024
What this means
The median sale price has decreased by 7% from last year to $297,500, 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 4 days longer than last year, averaging 36 days on market, and sellers are receiving 95.3% of their original asking price.
The area is currently a balanced market with 3.3 months of supply. Active inventory is up 16% from last year to 65 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 Northfield market
Is Northfield a buyer's or seller's market?
Northfield was a balanced market in October 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 65 homes for sale.
How fast are homes selling in Northfield?
Homes that sold in October 2025 spent an average of 36 days on market, 4 days slower than a year earlier. Sellers received 95.3% of their original list price on average.
Are home prices going up in Northfield?
No. The median sale price fell 6.7% year over year to $297,500. Price per square foot moved in the same direction (from $182 to $176), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Northfield
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $395,000 | 21 | 55 | 2.6 |
| September 2024 | $356,000 | 16 | 52 | 2.7 |
| October 2024 | $319,000 | 19 | 32 | 3.4 |
| November 2024 | $310,500 | 20 | 39 | 2.8 |
| December 2024 | $379,950 | 14 | 59 | 2.5 |
| January 2025 | $432,150 | 7 | 77 | 2.9 |
| February 2025 | $320,000 | 17 | 73 | 2.2 |
| March 2025 | $362,500 | 21 | 49 | 2 |
| April 2025 | $345,000 | 21 | 37 | 2.5 |
| May 2025 | $385,000 | 22 | 41 | 2.4 |
| June 2025 | $351,000 | 18 | 41 | 2.5 |
| July 2025 | $402,500 | 30 | 23 | 2.6 |
| August 2025 | $400,000 | 21 | 32 | 3.5 |
| September 2025 | $376,500 | 22 | 28 | 3.2 |
| October 2025 | $297,500 | 23 | 36 | 3.3 |
How Northfield compares with the Twin Cities region
In October 2025, the median sale price in Twin Cities (16-County Region) was $389,900, up 2.1% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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