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Featured local agent — Farmington, MO

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Farmington, MO

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Farmington, MO(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Farmington, MO Housing Market & Real Estate

Leaning buyer's-21.1% YoY

Housing market overview · Updated monthly ·

$181,500median sale price

How is the Farmington, MO housing market right now?

The median home sale price in Farmington, MO is $181,500, down 21.1% year-over-year. Homes sell in an average of 72 days with 46 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

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

Leaning buyer's3.5 months of supply72 avg. days on market

Farmington, MO is currently a leaning buyer's, based on 3.5 months of supply and homes selling in about 72 days. How we determine this →

Homes sold

13

Last 12 weeks

Days on market

72

Average pace

Active listings

46

3.5 months supply

Sale-to-list

95.8%

Below asking

What does the Farmington housing market data show?

Current housing market statistics for Farmington, MO
MetricValue
Median sale price$181,500
Median list price$231,950
Year-over-year price change-21.1%
Average days on market72 days
Active inventory46 listings
Months of supply3.5 months
Sale-to-list price ratio95.8%
Median price per sq ft$132/sq ft
Homes sold (latest month)13
New listings (latest month)18
Listings with a price cut19.6%
Market conditionLeaning buyer's

Source: Redfin · Updated monthly

How much do homes cost in Farmington by property type?

How the Farmington, MO market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Farmington, MO
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$181,500$132/sq ft1372 days
Condo / Co-op$240,000$141/sq ft344 days

Source: Redfin · Updated monthly

The Farmington housing market is currently classified as a leaning buyer's with a median sale price of $181,500. Prices have fallen 21.1% compared to last year, with homes spending an average of 72 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.3x provides context for how home values compare to local earning capacity.

Homes for sale in Farmington

There are currently 46 homes listed for sale in Farmington, Missouri. The median listing price is $232K.

Active listings

46

Homes on market

Median list price

$232K

Avg. days on market

72

Days until sale

New this week

18

Newly listed

Price drops:19.6%of listings
Sale-to-list:95.8%

Who lives in Farmington?

Population

17,999

Median income

$49,882/yr

Median age

37.9 years

Owner-occupied

52.6%

College grads

14.8%

Avg commute

20.5 min

Source: U.S. Census Bureau ACS

What are homes worth in Farmington?

Zillow home value

$263,452

Zillow rent index

$1,230/mo

Price-to-rent ratio

17.8x

Price-to-income

5.3x

Source: Zillow Research

What is it like to live in Farmington?

Farmington is a community of approximately 18K residents with a median age of 37.9 years.The median household income is $49,882, which represents a working-class community with solid middle-income opportunities. 14.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 52.6%, showing a blend of owner and renter-occupied properties. The average commute time is 20.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Farmington offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Farmington?

10 schools tracked · 3,980 students

The largest public schools serving Farmington, MO 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 SR. HIGH

Grades 9-12 · 1,325 students

Public

FARMINGTON MIDDLE

Grades 7-8 · 605 students

Public

LINCOLN INTERMEDIATE

Grades 5-6 · 540 students

Public

TRUMAN LEARNING CENTER

Grades PK-K · 431 students

Public

ROOSEVELT ELEM.

Grades 1-4 · 395 students

Public

WASHINGTON-FRANKLIN ELEM.

Grades 1-4 · 346 students

Public

JEFFERSON ELEM.

Grades 1-4 · 334 students

Public

JUVENILE DETENTION CTR.

Grades K-12 · 4 students

Alternative

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Farmington, MO?

Want a head-to-head view? Compare Farmington side-by-side with any other U.S. city using our market-comparison tool.

Is Farmington a good real estate investment market?

For investors evaluating Farmington, the price-to-rent ratio of 17.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 21.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Farmington's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Farmington's median home price.

Frequently asked questions

What is the average home price in Farmington?

The median home sale price in Farmington is $181,500, down 21.1% from last year.

How long do homes stay on market in Farmington?

Homes typically spend 72 days on market before going under contract.

What is the median income in Farmington?

The median household income is $49,882 per year.

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

With 3.5 months of supply, Farmington is currently a leaning buyer's.

What is the Zillow home value estimate for Farmington?

The Zillow Home Value Index (ZHVI) for Farmington is $263,452, representing the typical home value in the area.

What is the median condo price in Farmington?

The median condo/co-op sale price in Farmington, MO is $240,000, compared to $181,500 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Farmington?

The median single-family home price in Farmington, MO is $181,500 (about $132 per square foot).

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