Start Free
All market snapshots / 55021

Faribault, MN 55021 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Faribault, MN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.08
ActiveActive listings: 3939PendingPending sales: 33
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): $370k$370kSoldMedian sold price (last 6 months): $290k$290k
What homes actually sell for in Faribault, MN
Distribution of 224 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $230k to $400k
$139k to $215k: 38 sales$139k$215k to $292k: 64 sales64sales$292k to $368k: 44 sales$292k$368k to $444k: 26 sales$444k to $521k: 14 sales$444k$521k to $597k: 8 sales$597k to $674k: 3 sales$597k$674k to $750k: 4 salesMedian $290k

What the numbers say

As of October 26, 2026, Resideline is tracking 39 active listings and 3 pending sales in ZIP code 55021. That pending-to-active ratio of 0.08 makes it a typical-pace market: listings are going under contract at about the pace of most ZIP codes Resideline tracks.

The median asking price of current listings is $369,900, while the median of the 224 closed sales Resideline tracked over the last six months was $290,000. 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 97 days.

Frequently asked questions

What is the median home price in 55021?

The median closed sale price in Faribault, MN 55021 was $290,000 over the last six months, based on 224 closed sales tracked by Resideline. The middle half of those sales ranged from $229,900 to $400,000.

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

Resideline is currently tracking 3 pending sales against 39 active listings in 55021, a pending-to-active ratio of 0.08. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 55021 is currently a typical-pace market.

Nearby ZIP code market data

Running a deal in 55021? Free tools: ARV calculator · rehab cost estimator · BRRRR calculator · wholesale calculator · MAO calculator · home appreciation calculator. One address: real estate deal analyzer · rent estimate by address

Run any 55021 address through Resideline
Free account. Includes 3 full property reports with comps, ARV and rent estimates.