Faribault, MN metro area Housing Market Brief
metro · MN · score computed October 2026
What is Faribault, MN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 3 of 5 (population 58,778–112,360) · comparable within its band
Where is Faribault, MN metro area in its market cycle?
Faribault, MN metro area is classified as Recovering — turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Faribault, MN metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Faribault, MN metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $313K | ▼ -0.6% | Redfin |
| Median Days on Market | 30 days | ▲ +42.9% | Redfin |
| Months of Supply | 3.5 | ▲ +9.4% | Redfin |
| Homes for Sale | 201 | ▲ +9.2% | Redfin |
| Homes Sold | 58 | ▲ +1.8% | Redfin |
| Median Price / Sq Ft | $186 | ▲ +1.7% | Redfin |
How has Faribault, MN metro area’s Alpha Score moved?
Markets like Faribault, MN metro area
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Frequently asked questions
Is Faribault, MN metro area a buyer's or seller's market?
In the scores computed October 2026, Faribault, MN metro area is classified as a Buyer's Market, based on its Alpha Score of 31 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Faribault, MN metro area?
The median sale price in Faribault, MN metro area is $313K, having fallen 0.6% over the past year, according to Redfin.
How affordable is Faribault, MN metro area?
Faribault, MN metro area scores 31 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Faribault, MN metro area's Alpha Score?
Faribault, MN metro area's strongest dimension is Inventory Health (45/100) and its weakest is Rental Yield (16/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Faribault, MN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.