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All market snapshots / 55021

Faribault, MN 55021 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Faribault, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.11
ActiveActive listings: 3838PendingPending sales: 44
Faribault, MN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $389k$389kSoldMedian sold price (last 6 months): $295k$295k
What homes actually sell for in Faribault, MN
Distribution of 230 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $230k to $400k
$140k to $216k: 38 sales$140k$216k to $292k: 65 sales65sales$292k to $369k: 46 sales$292k$369k to $445k: 29 sales$445k to $521k: 13 sales$445k$521k to $597k: 8 sales$597k to $674k: 4 sales$597k$674k to $750k: 4 salesMedian $295k

What the numbers say

As of October 5, 2026, Resideline is tracking 38 active listings and 4 pending sales in ZIP code 55021. That pending-to-active ratio of 0.11 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $389,450, while the median of the 230 closed sales Resideline tracked over the last six months was $295,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 55021 for 76 days.

Frequently asked questions

What is the median home price in 55021?

The median closed sale price in Faribault, MN 55021 was $295,000 over the last six months, based on 230 closed sales tracked by Resideline. The middle half of those sales ranged from $230,000 to $400,000.

Is 55021 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 38 active listings in 55021, a pending-to-active ratio of 0.11. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 55021 currently looks like a balanced market.

Nearby ZIP code market data

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