Farmington, MI
Housing market overview · Updated weekly
$331,000median sale price
Homes sold
7
Last 12 weeks
Days on market
49
Average pace
Active listings
18
2.6 months supply
Sale-to-list
97.9%
Below asking
The Farmington housing market is currently classified as a seller's market with a median sale price of $331,000. Prices have risen 10.3% compared to last year, with homes spending an average of 49 days on market, indicating 2.6 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 18 homes listed for sale in Farmington, Michigan. The median listing price is $330K.
Active listings
18
Homes on market
Median list price
$330K
Avg. days on market
49
Days until sale
New this week
7
Newly listed
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Frequently asked questions
What is the average home price in Farmington?
The median home sale price in Farmington is $331,000, up 10.3% from last year.
How long do homes stay on market in Farmington?
Homes typically spend 49 days on market before going under contract.
Is Farmington a buyer's or seller's market?
With 2.6 months of supply, Farmington is currently a seller's market.
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