$10,000 Closing Credit*
$1,299,999
2,957 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rachel Gilman, Listing Office: RSA Realty, LLC
Is Farmington, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Farmington was a Buyer's Market.
Key Takeaway
Farmington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Farmington, NH
How much do homes in Farmington, NH cost?
Median Sold Price
$355,000
$271/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$162,500(-31.4%)
Key Takeaway
Homes in Farmington have sold for 31.4% less than they did a month ago.
Summary: The median home sold price in Farmington was $355,000 in November 2024, down 31.4% from last month, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | - | N/A |
| 3 Bedrooms | $730K | $392.2K | -46.3% |
| 4 Bedrooms | - | $335K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Farmington housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 46.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Durham | $263K | $407.5K | +54.9% |
| Rochester | $380K | $420K | +10.5% |
| Union | $354.6K | $375K | +5.7% |
| Strafford | $537.5K | $464.7K | -13.5% |
| Farmington | $517.5K | $355K | -31.4% |
Housing Supply in Farmington, NH
How many homes are available in Farmington, NH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Summary: The Farmington real estate market had 23 homes for sale in November 2024, a 9.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Farmington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmington, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Farmington in November 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Farmington, NH
We’re sorry, we don't have information for this market at the moment
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