Housing Prices in Farmington, NM

How much do homes in Farmington, NM cost?

Median List Price

$515,000

$201/sqft

Based on all homes listed in November 2024.

Difference Since Last Month

+$57,500(+12.6%)

Key Takeaway

The list price of homes in Farmington has increased by 12.6% since October.

Summary: The median home list price in Farmington was $515,000 in November 2024, up 12.6% from the previous month, and the median price per square foot was $201.

Median List Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $184K$184K
0.0%
3 $400K$475K
+18.8%
4 $1.7M$1.1M
-34.7%
5+ $1.2M$1.2M
0.0%

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 increased by 18.8%, 4 bedroom homes decreased by 34.7%, and 5+ bedroom homes did not change.

Housing Supply in Farmington, NM

How many homes are available in Farmington, NM?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
89+12.5%

Summary: The Farmington real estate market had 9 homes for sale in November 2024, a 12.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 33
0.0%
4 12
+100.0%
5+ 33
0.0%

Summary: The Farmington housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Days on Market for Farmington, NM

How long does it take to sell a home in Farmington, NM?

Average Listing Age

Oct 2024Nov 2024CHANGE
191 Days187 Days-1.9%

Summary: Homes in Farmington had an average listing age of 187 days in Nov 2024, down by 1.9% compared to the previous month.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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