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Short Sale Listings in Faribault, MN

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Faribault, MN Foreclosures

How much do homes sell for in Faribault, MN?
The average home price is currently $363,742.
In Faribault, MN, how many homes are available?
There are currently 2 active home listings available in Faribault.
What’s the average rental cost in Faribault, MN?
The average rental price in Faribault is $1,520.
What is the most expensive home in Faribault?
The most expensive home sold in Faribault had a price of $14,117,379.
What is currently the cheapest priced home in Faribault, MN?
The cheapest home for sale in Faribault is priced at $16,114.

Living in Faribault, MN

Faribault is a charming city in Minnesota, offering a blend of historical charm and modern amenities. With beautiful parks, excellent schools, and a close-knit community feel, it is a desirable place for families and individuals alike. Residents enjoy a variety of outdoor activities and engaging local events throughout the year.

Current Market Conditions in Faribault, MN

The real estate market in Faribault has shown a significant increase in activity, with a strong demand for residential homes. Potential buyers are attracted to the city's affordable housing prices and family-oriented community, contributing to a modest appreciation in property values over the past year.

The market is characterized by a balanced inventory of available homes, with new listings emerging regularly. The city attracts a mix of first-time homebuyers and those looking to relocate, making it a competitive yet accessible market for various demographics.

Home Value Estimator For Faribault, MN

There are currently 10,229 real estate properties in Faribault, MN, with a median automated valuation model (AVM) price of $292,710.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Faribault, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Faribault, MN, is $363,742.00, with the most expensive house in Faribault, MN, topping out at $14,117,379.00 and the cheapest home in Faribault, MN, clocking in at $16,114.00. In other words, there’s something for every potential homebuyer or savvy investor in Faribault, MN!

Rent Prices In Faribault, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Faribault, MN, is on a rollercoaster ride. The average rent price in Faribault, MN, is $1,520.00. Indeed, when looking to rent in Faribault, MN, you can expect to pay as little as $520.00 or as much as $3,240.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Faribault, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Faribault, MN Short Sale Listings

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