Faribault, MN 55021 Real Estate & Property Data

Faribault, MN 55021 Real Estate Market Trends
Last Updated: April 27, 2024

A total of 420 residential properties have been sold over the past 12 months in 55021. With a median sales price of $300,000 in 55021 and a total of 2 foreclosures in Faribault, MN 55021. Discover market trends and get the granular level real estate data for Faribault, MN 55021 to keep your pulse on the housing market. Curate compelling home reports for Faribault, MN 55021 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Faribault, MN 55021 Real Estate Market Trends
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
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Faribault, MN 55021 Real Estate Overview

There were 420 residential properties sold in the past year in Faribault, MN 55021. The median home value in Faribault, MN 55021 is $281,653. There are a total of 10,992 residential properties in the 55021.

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 55021 Foreclosure Activity

There were a total of 2 Faribault, MN 55021 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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