All Home Types
Faribault, MN Housing Market
What is the housing market like in Faribault today?
In October 2024, Faribault home prices were up 4.8% compared to last year, selling for a median price of $273K. On average, homes in Faribault sell after 30 days on the market compared to 15 days last year. There were 23 homes sold in October this year, down from 27 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$272,500
+4.8% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Faribault, MN
$272,500
+4.8%
United States
Faribault Migration & Relocation Trends
In Sep '24 - Nov '24, 20% of Faribault homebuyers searched to move out of Faribault, while 80% looked to stay within the metropolitan area.
- Across the nation, 0.79% of homebuyers searched to move into Faribault from outside metros.
- Albuquerque homebuyers searched to move into Faribault more than any other metro followed by Miami and Chicago.
Where are people moving to Faribault from?
- 80% of Faribault homebuyers searched to stay within the Faribault metropolitan area.
- Brainerd was the most popular destination among Faribault homebuyers followed by Duluth and Cape Coral.
Where are people from Faribault moving to?
Number of People Moving to Faribault
least
most
People are moving to Faribault from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 717 | ||
| 2 | 700 | ||
| 3 | 599 | ||
| 4 | 414 | ||
| 5 | 318 | ||
| 6 | 285 | ||
| 7 | 271 | ||
| 8 | 235 | ||
| 9 | 176 | ||
| 10 | 158 | ||
People are leaving Faribault for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Sep '24 - Nov '24 | ||
| 1 | 435 | ||
| 2 | 248 | ||
| 3 | 196 | ||
| 4 | 102 | ||
| 5 | 78 | ||
| 6 | 68 | ||
| 7 | 50 | ||
| 8 | 46 | ||
| 9 | 43 | ||
| 10 | 40 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Faribault.
Provided by First Street Foundation
Transportation in Faribault
Learn about the walkability, bikeability, and transit-friendliness of Faribault
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