Farmington, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Farmington, MN is $357,000, down 1.9% year-over-year. Homes sell in an average of 75 days with 78 active listings. The market is currently a balanced market.
$357,000median sale price
Is Farmington a buyer's or seller's market?
Farmington, MN is currently a balanced market, based on 3.0 months of supply and homes selling in about 75 days. How we determine this →
Homes sold
26
Last 12 weeks
Days on market
75
Average pace
Active listings
78
3.0 months supply
Sale-to-list
99.3%
Below asking
Farmington, MN market data
| Metric | Value |
|---|---|
| Median sale price | $357,000 |
| Median list price | $399,900 |
| Year-over-year price change | -1.9% |
| Average days on market | 75 days |
| Active inventory | 78 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 99.3% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Farmington housing market is currently classified as a balanced market with a median sale price of $357,000. Prices have fallen 1.9% compared to last year, with homes spending an average of 75 days on market, indicating 3.0 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 78 homes listed for sale in Farmington, Minnesota. The median listing price is $400K.
Active listings
78
Homes on market
Median list price
$400K
Avg. days on market
75
Days until sale
New this week
37
Newly listed
Top public schools in Farmington
13 schools tracked · 7,015 students
The largest public schools serving Farmington, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
FARMINGTON HIGH SCHOOL
Grades 9-12 · 2,196 students
ROBERT BOECKMAN MIDDLE SCHOOL
Grades 6-8 · 867 students
LEVI P. DODGE MIDDLE SCHOOL
Grades 6-8 · 687 students
MEADOWVIEW ELEMENTARY
Grades PK-5 · 621 students
NORTH TRAIL ELEMENTARY
Grades PK-5 · 609 students
RIVERVIEW ELEMENTARY
Grades PK-5 · 585 students
FARMINGTON ELEMENTARY
Grades PK-5 · 545 students
AKIN ROAD ELEMENTARY
Grades PK-5 · 520 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Farmington?
The median home sale price in Farmington is $357,000, down 1.9% from last year.
How long do homes stay on market in Farmington?
Homes typically spend 75 days on market before going under contract.
Is Farmington a buyer's or seller's market?
With 3.0 months of supply, Farmington is currently a balanced market.
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