Farmington Real Estate Market Report: October 2025
In October 2025, the median sale price in Farmington was $380,000, down 4.7% from a year earlier.
- Median Sales Price
- $380,000
- -4.7% vs. October 2024
- Homes for Sale
- 118
- -5.6% vs. October 2024
- Months Supply
- 3.1
- -13.9% vs. October 2024
- Balanced market
- Days on Market
- 40
- +17.6% vs. October 2024
- Closed Sales
- 28
- -42.9% vs. October 2024
- Percent of Original List Received
- 97.9%
- -0.4 pts vs. October 2024
What this means
The median sale price has decreased by 5% from last year to $380,000, 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 6 days longer than last year, averaging 40 days on market, and sellers are receiving 97.9% of their original asking price.
The area is currently a balanced market with 3.1 months of supply. Active inventory is down 6% from last year to 118 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.
Common questions about the Farmington market
Is Farmington a buyer's or seller's market?
Farmington was a balanced market in October 2025, with 3.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 118 homes for sale.
How fast are homes selling in Farmington?
Homes that sold in October 2025 spent an average of 40 days on market, 6 days slower than a year earlier. Sellers received 97.9% of their original list price on average.
Are home prices going up in Farmington?
No. The median sale price fell 4.7% year over year to $380,000. Price per square foot moved in the same direction (from $200 to $185), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Farmington
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $410,000 | 40 | 33 | 3.4 |
| 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 |
How Farmington compares with the Twin Cities region
In October 2025, the median sale price in Twin Cities (16-County Region) was $389,900, up 2.1% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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