Farmington Real Estate Market Report: March 2026
In March 2026, the median sale price in Farmington was $355,000, down 15.5% from a year earlier.
- Median Sales Price
- $355,000
- -15.5% vs. March 2025
- Homes for Sale
- 117
- +9.3% vs. March 2025
- Months Supply
- 3.1
- +3.3% vs. March 2025
- Balanced market
- Days on Market
- 73
- -6.4% vs. March 2025
- Closed Sales
- 30
- -9.1% vs. March 2025
- Percent of Original List Received
- 98%
- -0.7 pts vs. March 2025
What this means
The median sale price has decreased by 15% from last year to $355,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 5 days more quickly than last year, averaging 73 days on market, and sellers are receiving 98% of their original asking price.
The area is currently a balanced market with 3.1 months of supply. Active inventory is up 9% from last year to 117 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Farmington market
Is Farmington a buyer's or seller's market?
Farmington was a balanced market in March 2026, with 3.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 117 homes for sale.
How fast are homes selling in Farmington?
Homes that sold in March 2026 spent an average of 73 days on market, 5 days faster than a year earlier. Sellers received 98% of their original list price on average.
Are home prices going up in Farmington?
No. The median sale price fell 15.5% year over year to $355,000. Price per square foot moved the other way (from $198 to $206), which suggests the change mostly reflects the mix of homes sold.
Market trends in Farmington
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $410,000 | 40 | 33 | 3.4 |
| September 2024 | $395,000 | 27 | 52 | 3.4 |
| October 2024 | $398,740 | 49 | 34 | 3.6 |
| November 2024 | $400,608 | 34 | 55 | 3.3 |
| December 2024 | $414,900 | 33 | 41 | 2.9 |
| January 2025 | $460,000 | 18 | 80 | 3.1 |
| February 2025 | $364,000 | 25 | 71 | 3.2 |
| March 2025 | $419,900 | 33 | 78 | 3 |
| April 2025 | $380,000 | 45 | 49 | 2.8 |
| May 2025 | $362,500 | 46 | 42 | 3.6 |
| June 2025 | $395,000 | 56 | 35 | 3.2 |
| July 2025 | $395,000 | 43 | 35 | 3.3 |
| August 2025 | $405,000 | 45 | 27 | 2.9 |
| September 2025 | $402,500 | 42 | 38 | 3.5 |
| October 2025 | $380,000 | 28 | 40 | 3.1 |
| November 2025 | $472,450 | 38 | 78 | 3.2 |
| December 2025 | $395,000 | 27 | 67 | 2.7 |
| January 2026 | $421,500 | 27 | 68 | 2.8 |
| February 2026 | $380,600 | 29 | 86 | 2.7 |
| March 2026 | $355,000 | 30 | 73 | 3.1 |
How Farmington compares with the Twin Cities region
In March 2026, the median sale price in Twin Cities (16-County Region) was $380,000, essentially unchanged from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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