Farmington Real Estate Market Reports
Published monthly figures and local context for Farmington.
Latest published report
August 2026
In August 2026, the median sale price in Farmington was $375,000, down 7.4% from a year earlier.
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.
Market trends in Farmington
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $395,000 | 27 | 52 | 3.4 |
| October 2024 | $398,740 | 49 | 34 | 3.6 |
| November 2024 | $400,608 | 34 | 55 | 3.3 |
| December 2024 | $414,900 | 33 | 41 | 2.9 |
| January 2025 | $460,000 | 18 | 80 | 3.1 |
| February 2025 | $364,000 | 25 | 71 | 3.2 |
| March 2025 | $419,900 | 33 | 78 | 3 |
| April 2025 | $380,000 | 45 | 49 | 2.8 |
| May 2025 | $362,500 | 46 | 42 | 3.6 |
| June 2025 | $395,000 | 56 | 35 | 3.2 |
| July 2025 | $395,000 | 43 | 35 | 3.3 |
| August 2025 | $405,000 | 45 | 27 | 2.9 |
| September 2025 | $402,500 | 42 | 38 | 3.5 |
| October 2025 | $380,000 | 28 | 40 | 3.1 |
| November 2025 | $472,450 | 38 | 78 | 3.2 |
| December 2025 | $395,000 | 27 | 67 | 2.7 |
| January 2026 | $421,500 | 27 | 68 | 2.8 |
| February 2026 | $380,600 | 29 | 86 | 2.7 |
| March 2026 | $355,000 | 30 | 73 | 3.1 |
| April 2026 | $395,732 | 32 | 45 | 3.3 |
| May 2026 | $395,000 | 35 | 55 | 3.1 |
| June 2026 | $362,000 | 56 | 45 | 3.4 |
| July 2026 | $415,000 | 55 | 52 | 3.5 |
| August 2026 | $375,000 | 48 | 38 | 3.7 |
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Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.