Farmington currently has 12 single family homes for sale with an average list price of $815,625 and 12 lots for sale with an average list price of $240,874.92. The average annual property tax for Farmington is $3,257.31.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Farmington, i.e. what's hot and what's not.
See What's Hot & What's Not in FarmingtonFarmington home sales for the month of April decreased in volume by 25% when compared to last year, while the median sale price rose by 16.3% from $435,075 to $506,000. House sales decreased by 25%, while the median sale price rose by 16.3% from $435,075 to $506,000.
72
|
58
|
51
|
39
|
2021 | 2022 | 2023 | 2024 |
# of sales per year |
$372,500
|
$422,450
|
$390,000
|
$440,000
|
2021 | 2022 | 2023 | 2024 |
median sale price per year |
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.