Farmington, IL

Seller's market-61.5% YoY

Housing market overview · Updated weekly

$47,000median sale price

Homes sold

2

Last 12 weeks

Days on market

30

Average pace

Active listings

3

1.5 months supply

Sale-to-list

78.4%

Below asking

The Farmington housing market is currently classified as a seller's market with a median sale price of $47,000. Prices have fallen 61.5% compared to last year, with homes spending an average of 30 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.

Market trends

Homes for sale in Farmington

There are currently 3 homes listed for sale in Farmington, Illinois.

Active listings

3

Homes on market

Avg. days on market

30

Days until sale

Price drops:100.0%of listings
Sale-to-list:78.4%

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Frequently asked questions

What is the average home price in Farmington?

The median home sale price in Farmington is $47,000, down 61.5% from last year.

How long do homes stay on market in Farmington?

Homes typically spend 30 days on market before going under contract.

Is Farmington a buyer's or seller's market?

With 1.5 months of supply, Farmington is currently a seller's market.

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