$159,990
6.00 Acres
Land
#6638240, Michael Giese, Listing Office: Century 21 Affiliated
Is Farmington, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Farmington has remained a Seller'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, WI
How much do homes in Farmington, WI cost?
Median Sold Price
$432,500
$147/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$150,600(+53.4%)
Key Takeaway
Homes in Farmington have sold for 53.4% more than they did a month ago.
Summary: The median home sold price in Farmington was $432,500 in November 2024, up 53.4% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | - | N/A |
| 3 Bedrooms | $840K | $432.5K | -48.5% |
| 4 Bedrooms | $281.9K | $405K | +43.7% |
| 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 48.5%, 4 bedroom homes increased by 43.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Franconia Township | $415K | $895K | +115.7% |
| Farmington | $281.9K | $432.5K | +53.4% |
Housing Supply in Farmington, WI
How many homes are available in Farmington, WI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Farmington real estate market had 9 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 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 remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Farmington, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Farmington in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Farmington, WI
How long does it take to sell a home in Farmington, WI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 Days | 55 Days | +75.5% |
Summary: Homes in Farmington had an average of 55 days on market in Nov 2024, up by 75.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Farmington are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Farmington; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
