Farmington, NM
Housing market overview · Updated weekly
$354,900median sale price
Homes sold
25
Last 12 weeks
Days on market
38
Average pace
Active listings
72
2.9 months supply
Sale-to-list
—
Below asking
The Farmington housing market is currently classified as a seller's market with a median sale price of $354,900. Prices have risen 31.9% compared to last year, with homes spending an average of 38 days on market, indicating 2.9 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
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Frequently asked questions
What is the average home price in Farmington?
The median home sale price in Farmington is $354,900, up 31.9% from last year.
How long do homes stay on market in Farmington?
Homes typically spend 38 days on market before going under contract.
Is Farmington a buyer's or seller's market?
With 2.9 months of supply, Farmington is currently a seller's market.
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