Homes for Sale in Farmington, MN

Here is where the Farmington market stood in August 2026. The median sale price has decreased by 7% from last year to $375,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling. Homes are selling 11 days longer than last year, averaging 38 days on market, and sellers are receiving 96.4% of their original asking price. The area is currently a balanced market with 3.7 months of supply. Active inventory is up 27% from last year to 142 homes for sale.

In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.

In Farmington, homes were most commonly built in 2000-2009, about 86% of occupied homes are owner-occupied, and the average commute is 28 minutes. Roughly 72% of homes are single-family detached, and the median home was built in 1998.

Homeowners with a mortgage typically spend $2,175 a month on housing costs, similar to the Twin Cities metro and the median property tax bill is $4,240 a year.