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Faribault, MN Real Estate & Property Data

Faribault Real Estate Market Trends

Last Updated: April 27, 2024

Accurate and comprehensive real estate data is critical for insight into Faribault, MN. ATTOM’s Faribault real estate data is updated daily, and current market trends show that in Faribault, MN a total of 420 residential properties have sold over the past year. With a median home price of $300,000 in Faribault and a total of 2 foreclosures. Get detailed property data for Faribault, MN instantly. ATTOM is your one-stop-shop for the Faribault property reports and real estate data you need in Faribault, MN.

Faribault Real Estate Market Trends

Get property data for any address in Faribault, MN or the country:

Total Residential Properties 10,992

Total Commercial Properties 652

Avg. Home Age (Single Family Home) 55 Years

Avg. Square Feet (Single Family Home) 1,470

Total 2024 Residential Sales (year-to-date) 62

% of Homes Seriously Underwater (Q2 2024) 1.1%

Total 2023 Residential Sales 402

% of Equity Rich Homes (Q2 2024) 36.48%

Effective 2023 Property Tax 0.65%

Total Foreclosure Filings (year-to-date) 5

Faribault, MN Real Estate Overview

There were 420 residential properties sold in the past year in Faribault, MN. The median home value in Faribault, MN is $281,653. There are a total of 10,992 residential properties in the Faribault.

Median Sales Price i

$300,000

(Feb 2024)

+39.5%

year-over-year

y-o-y

February '24 Feb '24 $300,000
January '24 Jan '24 $235,000
December '23 Dec '23 $232,840
November '23 Nov '23 $242,950
October '23 Oct '23 $245,000
September '23 Sep '23 $275,000
August '23 Aug '23 $277,500
July '23 Jul '23 $261,262
June '23 Jun '23 $253,000
May '23 May '23 $242,500
April '23 Apr '23 $269,000
March '23 Mar '23 $268,000

Median Down Payment i

$40,000

(Feb 2024)

-21.6%

year-over-year

y-o-y

February '24 Feb '24 $40,000
January '24 Jan '24 $15,225
December '23 Dec '23 $20,000
November '23 Nov '23 $12,734
October '23 Oct '23 $42,000
September '23 Sep '23 $49,057
August '23 Aug '23 $25,500
July '23 Jul '23 $24,022
June '23 Jun '23 $27,500
May '23 May '23 $16,687
April '23 Apr '23 $30,786
March '23 Mar '23 $25,000

Number of Homes Sold i

25

(Feb 2024)

+31.6%

year-over-year

y-o-y

February '24 Feb '24 25
January '24 Jan '24 37
December '23 Dec '23 27
November '23 Nov '23 33
October '23 Oct '23 41
September '23 Sep '23 35
August '23 Aug '23 44
July '23 Jul '23 34
June '23 Jun '23 40
May '23 May '23 30
April '23 Apr '23 27
March '23 Mar '23 28

Number of Purchase Loans i

15

(Feb 2024)

-11.8%

year-over-year

y-o-y

February '24 Feb '24 15
January '24 Jan '24 28
December '23 Dec '23 19
November '23 Nov '23 23
October '23 Oct '23 36
September '23 Sep '23 25
August '23 Aug '23 36
July '23 Jul '23 27
June '23 Jun '23 34
May '23 May '23 24
April '23 Apr '23 24
March '23 Mar '23 20

Number of REFI Loans i

9

(Feb 2024)

-55%

year-over-year

y-o-y

February '24 Feb '24 9
January '24 Jan '24 18
December '23 Dec '23 16
November '23 Nov '23 20
October '23 Oct '23 17
September '23 Sep '23 12
August '23 Aug '23 25
July '23 Jul '23 15
June '23 Jun '23 19
May '23 May '23 16
April '23 Apr '23 19
March '23 Mar '23 9

Number of HELOC Loans i

8

(Feb 2024)

+166.7%

year-over-year

y-o-y

February '24 Feb '24 8
January '24 Jan '24 9
December '23 Dec '23 3
November '23 Nov '23 8
October '23 Oct '23 10
September '23 Sep '23 9
August '23 Aug '23 16
July '23 Jul '23 10
June '23 Jun '23 15
May '23 May '23 13
April '23 Apr '23 9
March '23 Mar '23 10

Faribault, MN Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

55021
$281,653 $191.54/sqft

Faribault, MN Foreclosure Activity

There were a total of 2 Faribault, MN properties with a foreclosure filing in February 2024.

Total Foreclosure Filings i

2

(Feb 2024)

-50%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 3
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 4
May '23 May '23 3
April '23 Apr '23 1
March '23 Mar '23 6

Foreclosure Starts i

2

(Feb 2024)

-50%

year-over-year

y-o-y

February '24 Feb '24 2
January '24 Jan '24 3
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 3
September '23 Sep '23 2
August '23 Aug '23 2
July '23 Jul '23 N/A
June '23 Jun '23 4
May '23 May '23 3
April '23 Apr '23 1
March '23 Mar '23 6

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 2
December '23 Dec '23 N/A
November '23 Nov '23 1
October '23 Oct '23 1
September '23 Sep '23 2
August '23 Aug '23 2
July '23 Jul '23 2
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 2
March '23 Mar '23 1

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