Faribault - Northfield Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Faribault - Northfield averaged 6.96% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

The average rate for the prior week (2025-03-27) was 6.67% and one month ago for the week of 2025-02-27, the average rate was 6.78%.

Faribault - Northfield's average rate one year ago was 7.01%.

For refis of the same type during the week of 2025-04-03, the average rate was 7.24%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-04-03 6.64%
Faribault - Northfield 30 Year Fixed Rate 2025-04-03 6.96%
Faribault - Northfield 30 Year Fixed Rate Refi 2025-04-03 7.24%
Faribault - Northfield 15 Year Fixed Rate 2025-04-03 5.72%
Faribault - Northfield 15 Year Fixed Rate Refi 2025-04-03 5.92%
Faribault - Northfield 30 Year FHA 2025-04-03 6.39%
Faribault - Northfield 30 Year FHA Refi 2025-04-03 6.36%
Faribault - Northfield 30 Year USDA 2025-04-03 6.52%
Faribault - Northfield 30 Year USDA Refi 2025-04-03 6.52%
Faribault - Northfield 30 Year VA 2025-04-03 5.96%
Faribault - Northfield 30 Year VA Refi 2025-04-03 6.26%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Faribault-Northfield, MN.

Faribault - Northfield Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Faribault-Northfield, MN market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 29 6.94% $7,085
CROSSCOUNTRY MORTGAGE, LLC 26 6.87% $7,040
Prosperity Home Mortgage, LLC 22 7.15% $4,813
GUARANTEED RATE, INC. 21 6.57% $5,482
Bell Bank 20 6.78% $5,567
Merchants Bank 19 6.54% $4,694
Wells Fargo Bank 17 6.63% $5,369
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 17 7.04% $5,000
QUICKEN LOANS, LLC 16 6.73% $6,325
Frandsen Bank & Trust 14 6.87% $4,630
American Mortgage & Equity Consultants, Inc. 12 6.52% $8,383
TRUSTONE FINANCIAL FEDERAL CREDIT UNION 10 6.33% $4,447
Royal Credit Union 9 6.94% $6,403
U.S. Bank 9 7.17% $3,830
WINGS FINANCIAL 9 6.15% $3,630
BROKER SOLUTIONS, INC. 8 6.70% $6,262
Alerus Financial 7 6.89% $3,878
AFFINITY PLUS 7 6.21% $5,182
LOANDEPOT.COM, LLC 7 6.82% $7,646
PENNYMAC LOAN SERVICES, LLC 6 6.73% $6,451
Tradition Mortgage, LLC 5 7.05% $4,196
PLAZA HOME MORTGAGE, INC. 5 6.40% $7,406
BAY EQUITY LLC 4 6.81% $6,270
CARDINAL FINANCIAL 4 7.38% $5,349
COMPEER FINANCIAL, FLCA 4 7.63% $5,402
EVERETT FINANCIAL, INC. 4 7.41% $7,593
Granite Community Bank 4 6.47% $6,686
GUARANTEED RATE AFFINITY, LLC 4 6.99% $6,819
NEWREZ LLC 4 7.06% $10,260
MOVEMENT MORTGAGE, LLC 3 6.75% $5,145
Cambria Financial Group, LLC 3 6.83% $4,969
Florida Capital Bank 3 6.88% $7,725
Bremer Bank 3 6.92% $7,244
Summit Mortgage Corporation 3 7.25% $5,487
ZILLOW HOME LOANS, LLC 3 6.25% $6,296
Minnwest Bank 3 5.88% $4,958
Think Mutual Bank 3 6.46% $4,879
TOWNE MORTGAGE COMPANY 3 6.96% $3,726
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.42% $7,772
VERIDIAN CREDIT UNION 2 6.50% $2,599
Discover Bank 2 6.87% $0
HOMESIDE FINANCIAL, LLC 2 6.44% $4,528
Park State Bank 2 6.95% $5,349
PHH Mortgage Corporation 2 6.50% $13,245
First Western Bank & Trust 2 6.75% $7,129
IOWA BANKERS MORTGAGE CORPORATION 2 6.56% $5,761
JPMorgan Chase Bank 2 7.06% $7,833
Citizens Bank 2 6.44% $5,820
Sierra Pacific Mortgage Company, Inc. 2 6.63% $8,552
CMG MORTGAGE, INC. 2 6.63% $6,755
Stifel Bank and Trust 2 6.25% $3,244
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.31% $5,734
Flagstar Bank, FSB 2 7.27% $2,536
NBKC BANK 2 6.69% $3,325
First National Bank of Omaha 1 7.00% $2,926
First Bank & Trust 1 6.75% $7,317
Flanagan State Bank 1 6.63% $2,860
Citizens Community Federal 1 6.63% $3,008
HOMEXPRESS MORTGAGE CORP. 1 9.63% $5,751
IDEAL 1 5.50% $6,089
CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,524
Morgan Stanley Private Bank 1 6.85% $3,075
Mr. Cooper ( Nationstar Mortgage ) 1 7.49% $7,845
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $3,904
NexBank 1 7.00% $2,626
Century Mortgage Company DBA Century Lending Company 1 6.99% $5,011
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $4,048
BOKF 1 7.13% $4,660
Bank of England 1 7.13% $4,247
SFMC, LP 1 7.50% $6,480
SIRVA MORTGAGE, INC. 1 6.50% $0
SWBC MORTGAGE CORPORATION 1 7.63% $5,337
Associated Bank 1 7.75% $2,927
ARC HOME LLC 1 7.50% $7,723
UNION HOME MORTGAGE CORP. 1 6.88% $10,059
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.25% $6,620
AMERISAVE MORTGAGE CORPORATION 1 6.50% $8,832
V.I.P. MORTGAGE, INC. 1 6.63% $4,955
Waterstone Mortgage Corporation 1 7.38% $4,528
CORTRUST MORTGAGE, INC. 1 6.00% $5,189

Faribault - Northfield Average Closing Costs & Other Stats

Faribault-Northfield, MN's 80 lenders originated 1,162 loans during 2024. The total origination value was $266,720,000, with an average loan value of $229,535.

Faribault - Northfield's average closing costs are $5,224.

The top Faribault - Northfield lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 29 loans originated. Their average total fees are $7,085, which is $45 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee Faribault - Northfield lenders (with over 10 loans originated) are TRUSTONE FINANCIAL FEDERAL CREDIT UNION ($4,447), Frandsen Bank & Trust ($4,630), Merchants Bank ($4,694), Prosperity Home Mortgage, LLC ($4,813) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,000).

The lowest rate Faribault - Northfield lenders (with over 10 loans originated) are TRUSTONE FINANCIAL FEDERAL CREDIT UNION (6.33%), American Mortgage & Equity Consultants, Inc. (6.52%), Merchants Bank (6.54%), GUARANTEED RATE, INC. (6.57%) and Wells Fargo Bank (6.63%).

Faribault-Northfield, MN Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
UNITED WHOLESALE MORTGAGE, LLC $9,215,000 $14,390,000 56.2% 5.4%
CROSSCOUNTRY MORTGAGE, LLC $11,175,000 $13,835,000 23.8% 5.2%
U.S. Bank $3,175,000 $12,805,000 303.3% 4.8%
GUARANTEED RATE, INC. $11,395,000 $11,145,000 -2.2% 4.2%
Merchants Bank $10,725,000 $10,345,000 -3.5% 3.9%
Prosperity Home Mortgage, LLC $9,080,000 $10,240,000 12.8% 3.8%
QUICKEN LOANS, LLC $7,680,000 $9,930,000 29.3% 3.7%
The State Bank of Faribault $8,365,000 $9,700,000 16.0% 3.6%
Wells Fargo Bank $10,060,000 $8,920,000 -11.3% 3.3%
Bell Bank $13,705,000 $8,685,000 -36.6% 3.3%
Frandsen Bank & Trust $8,950,000 $7,430,000 -17.0% 2.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $5,510,000 $7,305,000 32.6% 2.7%
American Mortgage & Equity Consultants, Inc. $6,315,000 $6,780,000 7.4% 2.5%
AFFINITY PLUS $5,890,000 $6,430,000 9.2% 2.4%
TRUSTONE FINANCIAL FEDERAL CREDIT UNION $4,785,000 $5,215,000 9.0% 2.0%
LOANDEPOT.COM, LLC $4,555,000 $5,080,000 11.5% 1.9%
WINGS FINANCIAL $5,165,000 $4,675,000 -9.5% 1.8%
PENNYMAC LOAN SERVICES, LLC $5,420,000 $4,545,000 -16.1% 1.7%
COMPEER FINANCIAL, FLCA $3,765,000 $4,170,000 10.8% 1.6%
BROKER SOLUTIONS, INC. $2,285,000 $3,890,000 70.2% 1.5%
Mortgage Research Center, LLC $2,670,000 $3,770,000 41.2% 1.4%
Tradition Mortgage, LLC $1,280,000 $3,665,000 186.3% 1.4%
Castle Rock Bank $785,000 $3,165,000 303.2% 1.2%
Community Resource Bank $3,645,000 $3,085,000 -15.4% 1.2%
Royal Credit Union $1,860,000 $3,055,000 64.2% 1.1%
Granite Community Bank $2,875,000 n/a 1.1%
GUARANTEED RATE AFFINITY, LLC $2,355,000 $2,370,000 0.6% 0.9%
Alerus Financial $400,000 $2,120,000 430.0% 0.8%
NEWREZ LLC $1,555,000 $2,055,000 32.2% 0.8%
Community Bank Mankato $170,000 $2,020,000 1,088.2% 0.8%
Minnwest Bank $2,235,000 $1,895,000 -15.2% 0.7%
EVERETT FINANCIAL, INC. $1,240,000 $1,835,000 48.0% 0.7%
FREEDOM MORTGAGE CORPORATION $725,000 $1,750,000 141.4% 0.7%
Think Mutual Bank $2,650,000 $1,750,000 -34.0% 0.7%
BAY EQUITY LLC $2,405,000 $1,700,000 -29.3% 0.6%
HOMESIDE FINANCIAL, LLC $1,535,000 n/a 0.6%
PLAZA HOME MORTGAGE, INC. $1,060,000 $1,530,000 44.3% 0.6%
CARDINAL FINANCIAL $1,230,000 $1,525,000 24.0% 0.6%
Flagstar Bank, FSB $1,925,000 $1,435,000 -25.5% 0.5%
Summit Mortgage Corporation $1,725,000 $1,430,000 -17.1% 0.5%
LAKEVIEW LOAN SERVICING, LLC $195,000 $1,350,000 592.3% 0.5%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $1,125,000 $1,305,000 16.0% 0.5%
Bremer Bank $2,225,000 $1,225,000 -44.9% 0.5%
The First National Bank of Le Center $1,510,000 $1,185,000 -21.5% 0.4%
Cambria Financial Group, LLC $985,000 $1,095,000 11.2% 0.4%
CMG MORTGAGE, INC. $1,565,000 $1,080,000 -31.0% 0.4%
Park State Bank $680,000 $1,055,000 55.1% 0.4%
TOWNE MORTGAGE COMPANY $1,665,000 $1,050,000 -36.9% 0.4%
NAVY FEDERAL CREDIT UNION $210,000 $1,045,000 397.6% 0.4%
First Western Bank & Trust $1,025,000 n/a 0.4%
TRIAD FINANCIAL SERVICES, INC. $1,020,000 n/a 0.4%
MASON MCDUFFIE MORTGAGE CORPORATION $950,000 n/a 0.4%
ZILLOW HOME LOANS, LLC $600,000 $935,000 55.8% 0.4%
Stifel Bank and Trust $920,000 n/a 0.3%
JPMorgan Chase Bank $540,000 $895,000 65.7% 0.3%
Discover Bank $465,000 $885,000 90.3% 0.3%
Florida Capital Bank $855,000 n/a 0.3%
The Huntington National Bank $850,000 $835,000 -1.8% 0.3%
First Bank & Trust $1,110,000 $810,000 -27.0% 0.3%
NBKC BANK $750,000 n/a 0.3%
Citizens Bank $410,000 $745,000 81.7% 0.3%
HOMEXPRESS MORTGAGE CORP. $745,000 n/a 0.3%
Lakeview Bank $380,000 $730,000 92.1% 0.3%
AMERICAN PACIFIC MORTGAGE CORPORATION $945,000 $725,000 -23.3% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $625,000 $725,000 16.0% 0.3%
PHH Mortgage Corporation $670,000 n/a 0.3%
Century Mortgage Company DBA Century Lending Company $290,000 $660,000 127.6% 0.2%
MOVEMENT MORTGAGE, LLC $505,000 $655,000 29.7% 0.2%
Mr. Cooper ( Nationstar Mortgage ) $1,215,000 $635,000 -47.7% 0.2%
Carrington Mortgage Services, LLC $145,000 $590,000 306.9% 0.2%
V.I.P. MORTGAGE, INC. $590,000 n/a 0.2%
Minnesota Valley Federal Credit Union $585,000 n/a 0.2%
Associated Bank $380,000 $565,000 48.7% 0.2%
Bridgewater Bank $565,000 n/a 0.2%
LENDINGHOME FUNDING CORPORATION $530,000 n/a 0.2%
Midwest Bank $525,000 n/a 0.2%
UNION HOME MORTGAGE CORP. $520,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $390,000 $500,000 28.2% 0.2%
Sierra Pacific Mortgage Company, Inc. $480,000 $500,000 4.2% 0.2%
First Federal Bank $525,000 $475,000 -9.5% 0.2%
IOWA BANKERS MORTGAGE CORPORATION $470,000 n/a 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $445,000 n/a 0.2%
Armed Forces Bank $425,000 n/a 0.2%
Baxter Credit Union $55,000 $425,000 672.7% 0.2%
BMO Harris Bank $105,000 $425,000 304.8% 0.2%
PLANET HOME LENDING, LLC $425,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $640,000 $415,000 -35.2% 0.2%
Foresight Bank $405,000 n/a 0.2%
PREMIER MORTGAGE RESOURCES, L.L.C. $405,000 $405,000 0.0% 0.2%
VERIDIAN CREDIT UNION $250,000 $395,000 58.0% 0.1%
Waterstone Mortgage Corporation $365,000 $375,000 2.7% 0.1%
Citizens Community Federal $365,000 n/a 0.1%
SPIRE Credit Union $55,000 $365,000 563.6% 0.1%
ALTRA $315,000 $355,000 12.7% 0.1%
SIRVA MORTGAGE, INC. $355,000 n/a 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $345,000 n/a 0.1%
Bank of America $310,000 $335,000 8.1% 0.1%
WESTconsin Credit Union $335,000 n/a 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $225,000 $325,000 44.4% 0.1%
Servion, Inc. $215,000 $325,000 51.2% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $325,000 n/a 0.1%
IDEAL $315,000 $315,000 0.0% 0.1%
SOUTHPOINT FINANCIAL $345,000 $315,000 -8.7% 0.1%
Figure Lending LLC $370,000 $310,000 -16.2% 0.1%
Bank of England $205,000 $305,000 48.8% 0.1%
Cornerstone State Bank $305,000 n/a 0.1%
Coulee Bank $255,000 $305,000 19.6% 0.1%
First State Bank of Le Center $295,000 n/a 0.1%
BankVista $275,000 $275,000 0.0% 0.1%
GENISYS $270,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $530,000 $265,000 -50.0% 0.1%
Loan Simple, Inc. $260,000 n/a 0.1%
NexBank $255,000 n/a 0.1%
USAA Federal Savings Bank $780,000 $255,000 -67.3% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $245,000 n/a 0.1%
AMERICAN FINANCING CORPORATION $245,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $265,000 $245,000 -7.5% 0.1%
MidWestOne Bank $105,000 $245,000 133.3% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $235,000 n/a 0.1%
Heartland Credit Union $195,000 $230,000 17.9% 0.1%
Highland Bank $160,000 $230,000 43.8% 0.1%
SFMC, LP $230,000 n/a 0.1%
CORTRUST MORTGAGE, INC. $225,000 n/a 0.1%
Flanagan State Bank $225,000 n/a 0.1%
First National Bank of Omaha $215,000 n/a 0.1%
21ST MORTGAGE CORPORATION $205,000 n/a 0.1%
First National Bank Minnesota $510,000 $205,000 -59.8% 0.1%
Morgan Stanley Private Bank $205,000 n/a 0.1%
PREMIER LENDING, INC. $205,000 n/a 0.1%
St. Paul Federal Credit Union $205,000 n/a 0.1%
BOKF $195,000 n/a 0.1%
Deerwood Bank $170,000 $195,000 14.7% 0.1%
RiverWood Bank $195,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $195,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $175,000 n/a 0.1%
Associated Healthcare Credit Union $130,000 $160,000 23.1% 0.1%
ARC HOME LLC $155,000 n/a 0.1%
PNC Bank $85,000 $145,000 70.6% 0.1%
OCMBC, INC. $125,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $235,000 $125,000 -46.8% 0.0%
Coastal Community Bank $125,000 $115,000 -8.0% 0.0%
ROUNDPOINT MORTGAGE SERVICING CORPORATION $115,000 n/a 0.0%
ALLIANT CREDIT UNION $105,000 n/a 0.0%
Manufacturers Bank & Trust Company $105,000 n/a 0.0%
ON Q FINANCIAL, INC. $85,000 n/a 0.0%
University of Wisconsin Credit Union $70,000 n/a 0.0%
CENTRAL MINNESOTA Credit Union $65,000 n/a 0.0%
Connexus Credit Union $55,000 n/a 0.0%
THRIVENT Federal Credit Union $45,000 n/a 0.0%
SMW Financial Credit Union $35,000 n/a 0.0%

Faribault - Northfield's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 5.4% market share. In second place, with 5.2%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $13,835,000 in loans. In third place, with 4.8%, is U.S. Bank, having originated $12,805,000 in loans. In fourth place, with 4.2%, is GUARANTEED RATE, INC., having originated $11,145,000 in loans. In fifth place, with 3.9%, is Merchants Bank, having originated $10,345,000 in loans.


Faribault - Northfield Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Faribault - Northfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $247,450 (-9.1%) $272,411 (-9.4%) 0.00 129
2018-02-01 $249,950 (-6.9%) $275,026 (-10.3%) 0.00 134
2018-03-01 $262,400 (-5.2%) $291,092 (-2.7%) 0.00 142
2018-04-01 $281,000 (2.2%) $311,591 (3.2%) 0.00 149
2018-05-01 $282,475 (2.7%) $309,880 (1.7%) 0.00 177
2018-06-01 $292,500 (5.9%) $313,008 (4.8%) 0.00 188
2018-07-01 $289,234 (5.2%) $315,517 (5.4%) 0.00 208
2018-08-01 $289,625 (7.3%) $316,251 (6.1%) 0.00 197
2018-09-01 $284,894 (5.9%) $312,130 (1.8%) 0.00 190
2018-10-01 $289,800 (7.4%) $314,610 (6.1%) 0.00 194
2018-11-01 $283,625 (6.1%) $310,705 (6.0%) 0.00 188
2018-12-01 $289,500 (14.0%) $310,311 (10.7%) 0.00 177
2019-01-01 $294,925 (19.2%) $321,343 (18.0%) 0.00 162
2019-02-01 $309,950 (24.0%) $342,407 (24.5%) 0.00 154
2019-03-01 $306,550 (16.8%) $337,852 (16.1%) 0.00 165
2019-04-01 $302,425 (7.6%) $325,908 (4.6%) 0.00 177
2019-05-01 $289,900 (2.6%) $318,162 (2.7%) 0.00 187
2019-06-01 $289,900 (-0.9%) $325,283 (3.9%) 0.00 209
2019-07-01 $294,950 (2.0%) $335,044 (6.2%) 0.00 224
2019-08-01 $294,391 (1.7%) $338,608 (7.1%) 0.00 222
2019-09-01 $286,240 (0.5%) $336,057 (7.7%) 0.00 220
2019-10-01 $277,450 (-4.3%) $331,419 (5.3%) 0.00 219
2019-11-01 $274,900 (-3.1%) $319,256 (2.8%) 0.00 217
2019-12-01 $276,053 (-4.6%) $325,550 (4.9%) 0.00 177
2020-01-01 $283,250 (-4.0%) $329,842 (2.6%) 0.00 153
2020-02-01 $310,000 (0.0%) $338,447 (-1.2%) 0.00 163
2020-03-01 $313,400 (2.2%) $342,825 (1.5%) 0.00 161
2020-04-01 $307,175 (1.6%) $335,580 (3.0%) 0.00 174
2020-05-01 $299,950 (3.5%) $337,304 (6.0%) 0.00 180
2020-06-01 $299,400 (3.3%) $333,120 (2.4%) 0.00 181
2020-07-01 $312,675 (6.0%) $349,511 (4.3%) 0.00 160
2020-08-01 $307,801 (4.6%) $356,037 (5.2%) 0.00 157
2020-09-01 $313,225 (9.4%) $355,483 (5.8%) 0.00 163
2020-10-01 $302,900 (9.2%) $352,857 (6.5%) 0.00 160
2020-11-01 $310,975 (13.1%) $349,367 (9.4%) 0.00 118
2020-12-01 $300,000 (8.7%) $343,807 (5.6%) 0.00 89
2021-01-01 $319,900 (12.9%) $358,105 (8.6%) 0.00 79
2021-02-01 $331,553 (7.0%) $381,386 (12.7%) 0.00 71
2021-03-01 $343,400 (9.6%) $378,905 (10.5%) 0.00 82
2021-04-01 $346,000 (12.6%) $375,486 (11.9%) 0.00 84
2021-05-01 $349,900 (16.7%) $381,215 (13.0%) 0.00 95
2021-06-01 $350,300 (17.0%) $391,006 (17.4%) 0.00 111
2021-07-01 $349,900 (11.9%) $391,321 (12.0%) 0.00 112
2021-08-01 $347,113 (12.8%) $386,989 (8.7%) 0.00 119
2021-09-01 $328,470 (4.9%) $361,187 (1.6%) 0.00 126
2021-10-01 $344,900 (13.9%) $384,296 (8.9%) 0.00 135
2021-11-01 $348,317 (12.0%) $392,145 (12.2%) 0.00 118
2021-12-01 $360,150 (20.1%) $405,173 (17.9%) 0.00 109
2022-01-01 $379,900 (18.8%) $439,216 (22.7%) 0.00 89
2022-02-01 $392,715 (18.5%) $438,264 (14.9%) 0.00 83
2022-03-01 $399,253 (16.3%) $446,078 (17.7%) 0.00 81
2022-04-01 $402,604 (16.4%) $455,918 (21.4%) 0.00 85
2022-05-01 $404,400 (15.6%) $479,154 (25.7%) 0.00 106
2022-06-01 $408,002 (16.5%) $466,050 (19.2%) 0.00 125
2022-07-01 $404,654 (15.7%) $467,992 (19.6%) 0.00 127
2022-08-01 $413,302 (19.1%) $480,288 (24.1%) 0.00 138
2022-09-01 $397,900 (21.1%) $469,071 (29.9%) 0.00 139
2022-10-01 $399,900 (16.0%) $464,982 (21.0%) 0.00 141
2022-11-01 $396,675 (13.9%) $456,346 (16.4%) 0.00 136
2022-12-01 $399,900 (11.0%) $456,811 (12.7%) 0.00 120
2023-01-01 $410,150 (8.0%) $469,560 (6.9%) 0.00 100
2023-02-01 $421,900 (7.4%) $506,659 (15.6%) 0.00 89
2023-03-01 $424,700 (6.4%) $521,196 (16.8%) 0.00 84
2023-04-01 $427,950 (6.3%) $505,645 (10.9%) 0.00 75
2023-05-01 $432,857 (7.0%) $523,650 (9.3%) 0.00 84
2023-06-01 $429,675 (5.3%) $523,716 (12.4%) 0.00 97
2023-07-01 $433,314 (7.1%) $514,434 (9.9%) 0.00 100
2023-08-01 $429,422 (3.9%) $500,781 (4.3%) 0.00 106
2023-09-01 $429,787 (8.0%) $473,746 (1.0%) 0.00 108
2023-10-01 $434,614 (8.7%) $447,512 (-3.8%) 0.00 103
2023-11-01 $399,672 (0.8%) $429,514 (-5.9%) 0.00 117
2023-12-01 $404,850 (1.2%) $431,484 (-5.5%) 0.00 98
2024-01-01 $404,850 (-1.3%) $475,109 (1.2%) 0.00 76
2024-02-01 $406,002 (-3.8%) $484,373 (-4.4%) 0.00 80
2024-03-01 $440,000 (3.6%) $523,167 (0.4%) 0.00 90
2024-04-01 $444,925 (4.0%) $541,844 (7.2%) 0.00 73
2024-05-01 $462,820 (6.9%) $561,239 (7.2%) 0.00 87
2024-06-01 $447,375 (4.1%) $513,179 (-2.0%) 0.00 106
2024-07-01 $448,581 (3.5%) $502,711 (-2.3%) 0.00 106
2024-08-01 $434,900 (1.3%) $487,712 (-2.6%) 0.00 116
2024-09-01 $443,425 (3.2%) $490,540 (3.5%) 0.00 130
2024-10-01 $430,672 (-0.9%) $477,263 (6.7%) 0.00 136
2024-11-01 $420,000 (5.1%) $472,115 (9.9%) 0.00 117
2024-12-01 $422,500 (4.4%) $500,900 (16.1%) 0.00 105
2025-01-01 $414,870 (2.5%) $514,893 (8.4%) 0.00 89
2025-02-01 $402,460 (-0.9%) $513,032 (5.9%) 0.00 88
2025-03-01 $394,840 (-10.3%) $496,904 (-5.0%) 0.00 79
Faribault - Northfield's median listing price for 2025-03-01 was $394,840, a difference of $-45,160 (-10.3%) versus the prior year and $-7,620 versus the prior month.

Faribault - Northfield's median listing price comes in at 0% of the national average.

Faribault - Northfield's average listing price for 2025-03-01 was $496,904, a difference of $-26,263 (-5.0%) versus the prior year and $-16,128 versus the prior month.

For the 2025-03-01 period, Faribault - Northfield had 79 MLS listings, a difference of -9 listings (-10%) versus the prior month and -11 listings (-12%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Faribault - Northfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,814 sqft
2018-02-01 0 days 1,807 sqft
2018-03-01 0 days 1,935 sqft
2018-04-01 0 days 1,949 sqft
2018-05-01 0 days 1,971 sqft
2018-06-01 0 days 2,115 sqft
2018-07-01 0 days 2,063 sqft
2018-08-01 0 days 2,065 sqft
2018-09-01 0 days 2,092 sqft
2018-10-01 0 days 1,995 sqft
2018-11-01 0 days 1,975 sqft
2018-12-01 0 days 1,940 sqft
2019-01-01 0 days 1,958 sqft
2019-02-01 0 days 2,026 sqft
2019-03-01 0 days 2,029 sqft
2019-04-01 0 days 2,020 sqft
2019-05-01 0 days 2,014 sqft
2019-06-01 0 days 2,041 sqft
2019-07-01 0 days 2,041 sqft
2019-08-01 0 days 2,022 sqft
2019-09-01 0 days 1,993 sqft
2019-10-01 0 days 1,968 sqft
2019-11-01 0 days 1,947 sqft
2019-12-01 0 days 1,880 sqft
2020-01-01 0 days 1,862 sqft
2020-02-01 0 days 1,911 sqft
2020-03-01 0 days 1,982 sqft
2020-04-01 0 days 1,925 sqft
2020-05-01 0 days 1,958 sqft
2020-06-01 0 days 1,897 sqft
2020-07-01 0 days 1,903 sqft
2020-08-01 0 days 1,895 sqft
2020-09-01 0 days 1,911 sqft
2020-10-01 0 days 1,855 sqft
2020-11-01 0 days 1,852 sqft
2020-12-01 0 days 1,760 sqft
2021-01-01 0 days 1,750 sqft
2021-02-01 0 days 1,799 sqft
2021-03-01 0 days 1,869 sqft
2021-04-01 0 days 1,847 sqft
2021-05-01 0 days 1,851 sqft
2021-06-01 0 days 1,982 sqft
2021-07-01 0 days 1,953 sqft
2021-08-01 0 days 1,950 sqft
2021-09-01 0 days 1,829 sqft
2021-10-01 0 days 1,839 sqft
2021-11-01 0 days 1,900 sqft
2021-12-01 0 days 1,829 sqft
2022-01-01 0 days 1,973 sqft
2022-02-01 0 days 2,659 sqft
2022-03-01 0 days 2,606 sqft
2022-04-01 0 days 2,637 sqft
2022-05-01 0 days 1,935 sqft
2022-06-01 0 days 2,091 sqft
2022-07-01 0 days 2,101 sqft
2022-08-01 0 days 2,161 sqft
2022-09-01 0 days 2,144 sqft
2022-10-01 0 days 2,160 sqft
2022-11-01 0 days 1,995 sqft
2022-12-01 0 days 1,927 sqft
2023-01-01 0 days 2,016 sqft
2023-02-01 0 days 1,954 sqft
2023-03-01 0 days 2,026 sqft
2023-04-01 0 days 2,051 sqft
2023-05-01 0 days 2,178 sqft
2023-06-01 0 days 2,101 sqft
2023-07-01 0 days 2,079 sqft
2023-08-01 0 days 2,047 sqft
2023-09-01 0 days 2,079 sqft
2023-10-01 0 days 2,087 sqft
2023-11-01 0 days 1,985 sqft
2023-12-01 0 days 1,848 sqft
2024-01-01 0 days 1,907 sqft
2024-02-01 0 days 1,947 sqft
2024-03-01 0 days 2,056 sqft
2024-04-01 0 days 2,022 sqft
2024-05-01 0 days 2,195 sqft
2024-06-01 0 days 2,113 sqft
2024-07-01 0 days 2,101 sqft
2024-08-01 0 days 2,172 sqft
2024-09-01 0 days 2,167 sqft
2024-10-01 0 days 2,138 sqft
2024-11-01 0 days 2,104 sqft
2024-12-01 0 days 1,996 sqft
2025-01-01 0 days 2,047 sqft
2025-02-01 0 days 2,029 sqft
2025-03-01 0 days 2,026 sqft
Faribault - Northfield's median listing age (time on market) for 2025-03-01 was 0 days.

Faribault - Northfield's median square footage for active listings during the 2025-03-01 period was 2,026 sqft. One year prior, the average listing was 2,056 sqft.

Faribault-Northfield, MN Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 720 $204,100,000 $283,472
Refi 121 $26,515,000 $219,132
Home Improvement 110 $7,030,000 $63,909
Other 106 $8,120,000 $76,604
Cash Out Refi 105 $20,955,000 $199,571

Faribault - Northfield's most frequently cited loan purpose was Home Purchase, with 720 originations. The 2nd most popular reason was Refi, with 121 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 430 $129,080,000 $300,186
7-8% 262 $56,190,000 $214,466
Over 8% 159 $13,175,000 $82,862
5-6% 122 $33,840,000 $277,377
<2.5% 43 $1,145,000 $26,628
4-5% 12 $2,270,000 $189,167
2.5-3% 2 $310,000 $155,000

During 2024, Faribault - Northfield's most frequently originated rate bucket was 6-7%, with 430 originations.

Loan Sizing (Faribault-Northfield, MN MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 493 $139,775,000 $283,519
$100,000 or less 334 $15,870,000 $47,515
$100k-200k 199 $30,395,000 $152,739
$400k-600k 107 $50,035,000 $467,617
$600k-1000k 25 $17,375,000 $695,000
$Over $1MM 4 $13,270,000 $3,317,500

Faribault - Northfield's loan sizing saw the bucket of loans from $200k-400k with 493 originations, totaling $139,775,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 403 $124,435,000 $308,772
Under 20% 232 $9,570,000 $41,250
60-80% 190 $65,790,000 $346,263
20-40% 106 $11,830,000 $111,604
40-60% 64 $15,800,000 $246,875
Over 100% 14 $4,850,000 $346,429

Faribault - Northfield's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 403 originations, totaling $124,435,000 in origination value.