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NORTHFIELD, MN 55057

Real Estate Market Report  ·  Rice County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
74
⇧ 29.8% vs 57 last year
Pending
23
31% pending ratio
Median Price
$437,500
⇩ 6.4% vs $467,450 last year
Average Price
$623,008
⇧ 4.2% vs $597,731 last year
Days on Market
75
⇩ 2.6% vs 77 days last year

Market Context

Population: 25,307  ·  Density: 78.3/mi²  ·  Median household income: $90,066

Typical home value: $314,898  ·  Homeownership: 74.8%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The NORTHFIELD, MN real estate market (55057) currently shows 74 active listings, with 23 pending sales. Homes are averaging 75 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are selling faster, averaging 75 days on market compared to 77 days last year.

The median listing price has fallen 6.4% year-over-year, from $467,450 to $437,500.

Whether you are buying or selling in NORTHFIELD, 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: 74 this year vs 57 last year
  • Days on market: 75 now vs 77 last year

Median & Average Pricing

Year over Year
  • Median: $437,500 (-6.4% YoY)
  • Average: $623,008 (+4.2% 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 21.5 miles — 625 listings ($320,412,033 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55057Northfield, MN 550570.0 mi74$46,102,592$437,500$623,008
55065Randolph, MN 550659.4 mi3$1,499,799$499,900$499,933
55053Nerstrand, MN 5505310.2 mi1$304,950$304,950$304,950
55054Elko New Market, MN 5505410.9 mi26$12,407,876$467,990$477,226
55046Lonsdale, MN 5504611.8 mi17$8,585,935$389,899$505,055
55044Lakeville, MN 5504412.6 mi260$164,129,940$599,265$631,269
55031Hampton, MN 5503114.0 mi1$448,950$448,950$448,950
55946Kenyon, MN 5594618.2 mi8$1,592,400$209,000$199,050
55306Burnsville, MN 5530618.7 mi28$11,502,708$385,000$410,811
55124Saint Paul, MN 5512418.9 mi95$36,264,445$297,500$381,731
56071New Prague, MN 5607120.3 mi26$11,660,480$442,450$448,480
55052Morristown, MN 5505221.0 mi4$1,759,760$449,900$439,940
55337Burnsville, MN 5533721.5 mi82$24,152,198$270,000$294,539

Frequently Asked Questions

How many homes are for sale in NORTHFIELD, MN 55057?

As of January 2026, there are 74 active listings in NORTHFIELD, MN (zip code 55057), compared to 57 the prior year.

What is the median home price in NORTHFIELD, MN 55057?

The median listing price in NORTHFIELD, MN 55057 is $437,500 as of January 2026, a 6.4% decrease from $467,450 the prior year.

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

Homes in NORTHFIELD, MN 55057 spend an average of 75 days on the market before going under contract, compared to 77 days the prior year.

Is it a seller's or buyer's market in NORTHFIELD, MN 55057?

Based on current inventory and days-on-market data as of January 2026, NORTHFIELD, MN 55057 is currently a Balanced Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are selling faster, averaging 75 days on market compared to 77 days last year.

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

With SELL123.com's maximum 3% commission, sellers in NORTHFIELD, MN 55057 save an estimated $8,750 compared to a typical 5% commission on the median listing price of $437,500. 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.