Population: 30,973 · Density: 67.6/mi² · Median household income: $66,742
Typical home value: $248,320 · Homeownership: 70.4%
Data as of January 2026. Source: Realtor.com.
The FARIBAULT, MN real estate market (55021) currently shows 68 active listings, with 19 pending sales. Homes are averaging 90 days on the market before going under contract.
Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 90 days on market compared to 65 days last year.
The median listing price has fallen 18.1% year-over-year, from $421,180 to $344,950.
Whether you are buying or selling in FARIBAULT, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 55021 | Faribault, MN 55021 | 0.0 mi | 68 | $27,954,256 | $344,950 | $411,092 |
| 55049 | Medford, MN 55049 | 8.5 mi | 2 | $629,800 | $314,900 | $314,900 |
| 55053 | Nerstrand, MN 55053 | 10.9 mi | 1 | $304,950 | $304,950 | $304,950 |
| 55057 | Northfield, MN 55057 | 13.0 mi | 74 | $46,102,592 | $437,500 | $623,008 |
| 55946 | Kenyon, MN 55946 | 15.7 mi | 8 | $1,592,400 | $209,000 | $199,050 |
| 55018 | Dennison, MN 55018 | 16.4 mi | 1 | $1,375,000 | $1,375,000 | $1,375,000 |
| 56096 | Waterville, MN 56096 | 16.6 mi | 13 | $4,285,099 | $267,450 | $329,623 |
| 55054 | Elko New Market, MN 55054 | 19.3 mi | 26 | $12,407,876 | $467,990 | $477,226 |
| 56093 | Waseca, MN 56093 | 20.2 mi | 23 | $5,717,271 | $219,900 | $248,577 |
| 55065 | Randolph, MN 55065 | 21.3 mi | 3 | $1,499,799 | $499,900 | $499,933 |
| 56028 | Elysian, MN 56028 | 22.2 mi | 3 | $1,739,700 | $579,900 | $579,900 |
| 55983 | Wanamingo, MN 55983 | 23.0 mi | 11 | $3,474,460 | $319,950 | $315,860 |
| 55044 | Lakeville, MN 55044 | 23.8 mi | 260 | $164,129,940 | $599,265 | $631,269 |
As of January 2026, there are 68 active listings in FARIBAULT, MN (zip code 55021), compared to 63 the prior year.
The median listing price in FARIBAULT, MN 55021 is $344,950 as of January 2026, a 18.1% decrease from $421,180 the prior year.
Homes in FARIBAULT, MN 55021 spend an average of 90 days on the market before going under contract, compared to 65 days the prior year.
Based on current inventory and days-on-market data as of January 2026, FARIBAULT, MN 55021 is currently a Buyer's Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 90 days on market compared to 65 days last year.
With SELL123.com's maximum 3% commission, sellers in FARIBAULT, MN 55021 save an estimated $6,899 compared to a typical 5% commission on the median listing price of $344,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.