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NORTHFIELD, MN 55057

Real Estate Market Report  ·  Rice County
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NORTHFIELD, MN real estate market (55057) currently shows 75 active listings, with 27 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 85 days on market compared to 68 days last year.

The median listing price has fallen 5.6% year-over-year, from $495,750 to $468,225.

Whether you are buying or selling in NORTHFIELD, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 25,307  ·  Density: 78.3/mi²  ·  Median household income: $90,066

Typical home value: $314,898  ·  Homeownership: 74.8%

Market Overview

Active Listings
75
⇧ 13.6% vs 66 last year
Pending
27
36% pending ratio
Median Price
$468,225
⇩ 5.6% vs $495,750 last year
Average Price
$656,718
⇧ 8.9% vs $603,217 last year
Days on Market
85
⇧ 25% vs 68 days last year

Price Per Square Foot

Median $/sqft
$202
⇩ 18.2% vs $247/sqft last year
Median Home Size
1,944 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 75 this year vs 66 last year
  • Days on market: 85 now vs 68 last year

Median & Average Pricing

Year over Year
  • Median: $468,225 (-5.6% YoY)
  • Average: $656,718 (+8.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.5 miles — 625 listings ($320,412,033 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55057Northfield, MN 550570.0 mi74$46,102,592$437,500$623,008
55065Randolph, MN 550659.4 mi3$1,499,799$499,900$499,933
55053Nerstrand, MN 5505310.2 mi1$304,950$304,950$304,950
55054Elko New Market, MN 5505410.9 mi26$12,407,876$467,990$477,226
55046Lonsdale, MN 5504611.8 mi17$8,585,935$389,899$505,055
55044Lakeville, MN 5504412.6 mi260$164,129,940$599,265$631,269
55031Hampton, MN 5503114.0 mi1$448,950$448,950$448,950
55946Kenyon, MN 5594618.2 mi8$1,592,400$209,000$199,050
55306Burnsville, MN 5530618.7 mi28$11,502,708$385,000$410,811
55124Saint Paul, MN 5512418.9 mi95$36,264,445$297,500$381,731
56071New Prague, MN 5607120.3 mi26$11,660,480$442,450$448,480
55052Morristown, MN 5505221.0 mi4$1,759,760$449,900$439,940
55337Burnsville, MN 5533721.5 mi82$24,152,198$270,000$294,539

Frequently Asked Questions

How many homes are for sale in NORTHFIELD, MN 55057?

As of February 2026, there are 75 active listings in NORTHFIELD, MN (zip code 55057), compared to 66 the prior year.

What is the median home price in NORTHFIELD, MN 55057?

The median listing price in NORTHFIELD, MN 55057 is $468,225 as of February 2026, a 5.6% decrease from $495,750 the prior year.

How long do homes stay on the market in NORTHFIELD, MN?

Homes in NORTHFIELD, MN 55057 spend an average of 85 days on the market before going under contract, compared to 68 days the prior year.

Is it a seller's or buyer's market in NORTHFIELD, MN 55057?

Based on current inventory and days-on-market data as of February 2026, NORTHFIELD, MN 55057 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 85 days on market compared to 68 days last year.

How much can I save on real estate commission in NORTHFIELD, MN?

With SELL123.com's maximum 3% commission, sellers in NORTHFIELD, MN 55057 save an estimated $9,365 compared to a typical 5% commission on the median listing price of $468,225. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.