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FARIBAULT, MN 55021

Real Estate Market Report  ·  Rice County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
68
⇧ 7.9% vs 63 last year
Pending
19
28% pending ratio
Median Price
$344,950
⇩ 18.1% vs $421,180 last year
Average Price
$411,092
⇩ 15.4% vs $486,126 last year
Days on Market
90
⇧ 38.5% vs 65 days last year

Market Context

Population: 30,973  ·  Density: 67.6/mi²  ·  Median household income: $66,742

Typical home value: $248,320  ·  Homeownership: 70.4%

Market Analysis

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.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 63 last year
  • Days on market: 90 now vs 65 last year

Median & Average Pricing

Year over Year
  • Median: $344,950 (-18.1% YoY)
  • Average: $411,092 (-15.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.8 miles — 493 listings ($271,213,143 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55021Faribault, MN 550210.0 mi68$27,954,256$344,950$411,092
55049Medford, MN 550498.5 mi2$629,800$314,900$314,900
55053Nerstrand, MN 5505310.9 mi1$304,950$304,950$304,950
55057Northfield, MN 5505713.0 mi74$46,102,592$437,500$623,008
55946Kenyon, MN 5594615.7 mi8$1,592,400$209,000$199,050
55018Dennison, MN 5501816.4 mi1$1,375,000$1,375,000$1,375,000
56096Waterville, MN 5609616.6 mi13$4,285,099$267,450$329,623
55054Elko New Market, MN 5505419.3 mi26$12,407,876$467,990$477,226
56093Waseca, MN 5609320.2 mi23$5,717,271$219,900$248,577
55065Randolph, MN 5506521.3 mi3$1,499,799$499,900$499,933
56028Elysian, MN 5602822.2 mi3$1,739,700$579,900$579,900
55983Wanamingo, MN 5598323.0 mi11$3,474,460$319,950$315,860
55044Lakeville, MN 5504423.8 mi260$164,129,940$599,265$631,269

Frequently Asked Questions

How many homes are for sale in FARIBAULT, MN 55021?

As of January 2026, there are 68 active listings in FARIBAULT, MN (zip code 55021), compared to 63 the prior year.

What is the median home price in FARIBAULT, MN 55021?

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.

How long do homes stay on the market in FARIBAULT, MN?

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.

Is it a seller's or buyer's market in FARIBAULT, MN 55021?

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.

How much can I save on real estate commission in FARIBAULT, MN?

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.