Housing prices and selling conditions
These measures describe housing prices and selling conditions for the areas and periods shown. Compare them alongside repair costs, your mortgage payoff and selling costs.
| Measure | Value | Source and area | Period |
|---|---|---|---|
| Median sale price | $279,900 | Redfin · Faribault, MN | Three months ending August 2026 |
| Median days on market | 25 days | Redfin · Faribault, MN | Three months ending August 2026 |
| Homes sold | 80 homes | Redfin · Faribault, MN | Three months ending August 2026 |
| Typical home value (Zillow ZHVI) | $305,393 | Zillow · Faribault, MN | As of August 2026 |
| For-sale inventory | 123 homes | Zillow · Faribault, MN | As of August 2026 |
Include utilities, other bills and any mortgage payments while waiting to sell. Allow time for closing, too.
Faribault, MN seller resources / Market report
Faribault, MN Housing Market Report and Selling Costs
Use this report to compare current market measures with listing, repairs, and the costs of keeping the house while you wait. USA Home Buyers buys houses as-is in Faribault and Rice County — no repairs, no cleaning, no cleanout required to sell to us.
Want a written cash offer to compare? Call 888-274-5006.
We give written cash offers in 24 hours.
Share the address, condition, occupancy, and timing so we can review the property.
We'll give you a written cash offer within 24 hours.
Prices, timing and your selling options
Home prices in Faribault
Homes in Faribault, MN sold for a median of $279,900 for the three months ending August 2026 (Redfin). Repairs and condition affect what someone will pay for your house. Homes in Faribault, MN spent a median of 25 days on the market for the three months ending August 2026 (Redfin). You still have bills while waiting to sell, including utilities and any mortgage payments. Allow time for closing, too.
What the numbers mean
A Faribault-wide figure does not price your house
Redfin's median sale price summarizes completed sales over its displayed period. Zillow's typical home value is a model, not a sale price, and inventory counts homes listed for sale. Read each number with its source and date; the measures answer different questions.
Your comparison also depends on condition, repair work, access, whether the house is vacant or rented, lease timing, and how long you would carry taxes, utilities, and insurance. A citywide figure cannot price your particular house or account for those costs.
We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us. You can compare that route with preparing and listing the property.
Local selling costs
Include Minnesota deed tax in the settlement comparison
Faribault is in Rice County. Minnesota deed tax is a state cost to check when a taxable deed is recorded. For a taxable deed with net consideration over $3,000, the general rate is 0.33% of that net consideration; a $1.65 rule applies to certain transfers with no or low consideration. The deed, transaction details, and any statutory exception affect the amount, so ask the closing professional to calculate the line for the actual sale.
When you sell to us, we pay the closing costs. Your mortgage payoff, liens, back taxes, and share of current property taxes remain separate. The amount of property tax and the seller's current share depend on the specific parcel and settlement.
Minnesota Statutes, section 287.21 — deed tax →·Rice County property values and taxes →
What you may keep
Compare the sale price with money left after costs
The sale price is not the amount you keep. Start with a realistic listing price or written offer, then account for mortgage payoff, liens, deed tax and other closing costs, repairs or cleanout, listing commission if you list, property-tax allocation, utilities, insurance, and the time you carry the house.
Change the assumptions to fit your property and compare the net from each path. A town-wide market measure cannot fill in your payoff, repairs, or settlement figures.
Faribault, MN Home Sale Net Proceeds Calculator
CalculatorCompare what you would keep from listing your house or selling as-is for cash. Change the repair costs, cleanout, monthly bills and closing costs to fit your house.
What sellers say about USA Home Buyers
Faribault market report questions
How should I read the Faribault market numbers?
Keep each figure with its source, place, measure, and period. Redfin sale and activity measures describe recent market activity; Zillow’s typical-home-value figure is a separate model, and its inventory count is a snapshot. None prices one particular house.
Does Faribault’s median sale price tell me what my house is worth?
No. A citywide median summarizes other sales in its stated period. Your house’s condition, repairs, access, occupancy, title, and timing change the comparison.
What Minnesota deed tax should I include in my comparison?
For a taxable deed with net consideration over $3,000, the general Minnesota deed-tax rate is 0.33% of that net consideration; certain no- or low-consideration transfers use $1.65. The deed, transaction details, and any applicable exception affect the actual amount, so have the closing professional calculate it.
Can I sell a Faribault house as-is?
Yes. USA Home Buyers buys houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.
How do I request a written cash offer?
Use the form on this page or call 888-274-5006. We'll give you a written cash offer within 24 hours.