Faribault Real Estate Market Report: June 2026
In June 2026, the median sale price in Faribault was $311,000, up 5.1% from a year earlier.
- Median Sales Price
- $311,000
- +5.1% vs. June 2025
- Homes for Sale
- 89
- +12.7% vs. June 2025
- Months Supply
- 3.5
- +0% vs. June 2025
- Balanced market
- Days on Market
- 68
- -9.3% vs. June 2025
- Closed Sales
- 33
- +17.9% vs. June 2025
- Percent of Original List Received
- 96%
- -2.2 pts vs. June 2025
What this means
The median sale price has increased by 5% from last year to $311,000, 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 7 days more quickly than last year, averaging 68 days on market, and sellers are receiving 96% of their original asking price.
The area is currently a balanced market with 3.5 months of supply. Active inventory is up 13% from last year to 89 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 June 2026, with 3.5 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 89 homes for sale.
How fast are homes selling in Faribault?
Homes that sold in June 2026 spent an average of 68 days on market, 7 days faster than a year earlier. Sellers received 96% of their original list price on average.
Are home prices going up in Faribault?
Yes. The median sale price rose 5.1% year over year to $311,000. Price per square foot moved in the same direction (from $175 to $186), which suggests a real change in values rather than a shift in 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 |
| October 2025 | $274,750 | 24 | 56 | 3.4 |
| November 2025 | $334,500 | 32 | 64 | 3 |
| December 2025 | $264,900 | 27 | 51 | 2.4 |
| January 2026 | $299,000 | 13 | 57 | 2.4 |
| February 2026 | $271,250 | 12 | 68 | 1.9 |
| March 2026 | $265,500 | 25 | 76 | 1.8 |
| April 2026 | $280,000 | 23 | 102 | 2.4 |
| May 2026 | $315,000 | 23 | 74 | 2.6 |
| June 2026 | $311,000 | 33 | 68 | 3.5 |
How Faribault compares with the Twin Cities region
In June 2026, the median sale price in Twin Cities (16-County Region) was $410,000, 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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